XSGD vaults
- This stablecoin is likely depegged. The current rate is 1.27741 XSGD / 1 USD fetched at .
About XSGD vaults
StraitsX SGD XSGD is used in 1 stablecoin vault with $1.4M TVLacross 1 protocol. The largest vault is Steakhouse Prime XSGDand the most popular vault protocol is Morpho. The last 30 days' average yield is 0.2%.
About StraitsX SGD
XSGD is a Singapore Dollar-backed stablecoin issued by StraitsX, a licensed payment institution in Singapore. Each XSGD is backed 1:1 by SGD reserves held in regulated financial institutions. XSGD is available on Ethereum, Polygon, and other networks.
XSGD is a Singapore Dollar-backed stablecoin issued by StraitsX, a payment infrastructure provider incorporated in Singapore. Each XSGD token is backed 1:1 by Singapore Dollar reserves held in regulated financial institutions in Singapore.
Issuer and regulation
StraitsX (via its subsidiary StraitsX SGD Issuance Pte. Ltd.) holds a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019, covering digital payment token services. In 2024 MAS granted StraitsX In-Principle Approval (IPA) as a single-currency stablecoin issuer under MAS's forthcoming stablecoin regulatory framework. Reserves must be maintained at no less than 100% of the outstanding XSGD supply in cash or MAS- or US Treasury-issued debt securities.
Deployment and payments use case
XSGD was launched in 2020 and is available natively on Ethereum, Polygon, and the XRP Ledger, with further deployment on Solana announced for 2026. It was the first Singapore Dollar stablecoin listed on Coinbase. StraitsX positions XSGD as infrastructure for real-world payments in Southeast Asia, enabling businesses and individuals to settle cross-border transactions in SGD on-chain without relying on correspondent banking rails.
Key properties
- 1:1 backed by SGD reserves; attested by independent accountants
- Issued by a MAS-licensed Major Payment Institution
- Travel Rule compliant
- Available on Ethereum, Polygon, XRP Ledger; Solana launch planned for 2026
- First SGD stablecoin listed on Coinbase
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Performance and risk
The vaults on the listing are limited to the current category. See all vaults.
| 3M price | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Steakhouse Prime XSGD Morpho | 0.2% | 0.4% | 0.5% | 22.5 | 0.0% | 0.0% | XSGD | $1.09M $1.10M | 0.9 | 0.0%/ 0.0% | Instant | Negligible |  |
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