XSGD is a fiat-backed Singapore dollar stablecoin issued by StraitsX. It has about $10.1M in circulation, ranking #131 among the stablecoins CoinScoop tracks, and runs on 5 blockchains.
What is XSGD?
XSGD is a fiat-backed Singapore dollar stablecoin issued by StraitsX. It has about $10.1M in circulation, ranking #131 among the stablecoins CoinScoop tracks, and runs on 5 blockchains.
In the issuer's words: XSGD is the StraitsX digital Singapore Dollar, designed to revolutionise money transfers across the region. XSGD is fully backed by reserve assets and is always redeemable on a 1:1 basis with the Singapore Dollar.
XSGD supply history
XSGD supply grew 1.9% over the past 30 days, to $10.1M. Its peak was $60.3M in July 2025, and supply is 83% below that high.
Is XSGD holding its peg?
XSGD is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where XSGD lives: supply by blockchain
XSGD is spread across several networks. The largest, Ethereum, holds 79% of supply. Check that the token on your chain is the issuer's official contract, not a bridged copy.
How XSGD is backed
XSGD is backed by singapore dollar cash and cash equivalents.
Minting and redemption: Verified StraitsX users can access the StraitsX platform to set up their StraitsX Mint function and directly mint XSGD into their preferred blockchain address by sending Singapore dollars to the bank account number available in the Mint tab. It can always be redeemed at a 1:1 ratio with SGD on the StraitsX platform.
XSGD risks
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
With $10.1M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
XSGD vs USDT and USDC
XSGD FAQ
What is XSGD?
XSGD is a fiat-backed Singapore dollar stablecoin issued by StraitsX. It has about $10.1M in circulation, ranking #131 among the stablecoins CoinScoop tracks, and runs on 5 blockchains.
Is XSGD pegged 1:1 to the singapore dollar?
XSGD targets 1 SGD. At the last update it traded at S$0.9977, a deviation of -0.23%, which we classify as "on peg".
What backs XSGD?
XSGD is a fiat-backed stablecoin. Singapore dollar cash and cash equivalents.
Which blockchains is XSGD on?
XSGD is live on 5 blockchains. The largest by supply are Ethereum ($9.0M), Avalanche ($1.3M), Zilliqa ($979K).
How much XSGD is in circulation?
About $10.1M of XSGD was in circulation at the last update, +1.9% over 30 days. That makes it the #131 stablecoin by supply among those we track.
Does XSGD pay interest?
No. XSGD does not pay yield to holders directly. Any interest earned on its reserves goes to the issuer. Some platforms offer rewards for holding it, but those are paid by the platform, not by XSGD.
Is XSGD safe?
No stablecoin is risk-free. As a fiat-backed design, XSGD's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. Its supply is small, so liquidity can be thin. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.