Stablecoin

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XSGD

Polygon (Old)

<h2 id="xsgd-clears-1-1b-on-polygon">$xSGD Clears $1.1B on Polygon</h2>
<p><a href="https://x.com/StraitsX" rel="noopener noreferrer nofollow">@StraitsX</a>'s Singapore dollar stablecoin, $xSGD, has crossed $1.1 billion in cumulative on-chain volume on the <a href="https://x.com/0xPolygon" rel="noopener noreferrer nofollow">@0xPolygon</a> network, according to real-time data cited by the project. The milestone marks a notable step for non-USD stablecoins, which have historically struggled to gain traction against dollar-denominated alternatives in on-chain markets.</p>
<p>$xSGD dominates the market with over 70% share of non-USD stablecoins across Southeast Asian exchanges combined , making the Polygon volume figure a meaningful signal of deepening regional liquidity rather than a one-off spike. The data points to rising velocity in stablecoin pairs outside the traditional USD corridor, particularly within trade finance flows across the Asia-Pacific region.</p>
<h2 id="straitsx-s-broader-ambitions-in-southeast-asian-digital-finance">StraitsX's Broader Ambitions in Southeast Asian Digital Finance</h2>
<p>StraitsX operates as the stablecoin-native settlement layer driving global finance and holds a Major Payment Institution licence from the Monetary Authority of Singapore. As the issuer of XUSD and $xSGD, the company leverages blockchain technology to drive payments interoperability while offering tools for liquidity management and cross-border transactions.</p>
<p>$xSGD is already live on Ethereum, Polygon, Avalanche, Arbitrum, Zilliqa, Hedera, and XRPL , underscoring a deliberate multi-chain strategy designed to capture institutional and retail flows across multiple settlement rails. Together, $xSGD and its US dollar counterpart XUSD have processed over $18 billion in on-chain transaction volume, reflecting strong adoption among users, developers, and institutional partners.</p>
<p>The $1.1 billion Polygon milestone arrives as <a href="https://x.com/StraitsX" rel="noopener noreferrer nofollow">@StraitsX</a> expands aggressively across the region. An expanded payment network slated for go-live in Q2 2026 aims to establish a unified payment corridor linking Southeast Asia and Northeast Asia, allowing users in Japan and Taiwan to make payments across participating merchant networks in Southeast Asia, with all cross-border transactions settled in $xSGD behind the scenes.</p>
<p>The momentum behind $xSGD reflects a broader shift in how regional stablecoins are being deployed. Rather than serving purely as crypto trading instruments, regulated stablecoins like $xSGD are playing an increasingly important role in institutional settlement, trade finance, and digital payments across Asia-Pacific economies. With the second half of 2026 approaching, <a href="https://x.com/StraitsX" rel="noopener noreferrer nofollow">@StraitsX</a> appears well-positioned to consolidate its standing as the leading issuer for Southeast Asian digital asset flows.</p>
<p><strong>Sources</strong><br><a href="https://www.straitsx.com/blog-post/straitsx-to-launch-both-xsgd-and-xusd-on-solanas-public-blockchain" rel="noopener noreferrer nofollow">StraitsX: XSGD and XUSD Solana Expansion (StraitsX Official Blog)</a><br><a href="https://www.straitsx.com/blog-post/straitsx-to-extend-payment-network-across-asia-advancing-stablecoin-native-cross-border-settlement" rel="noopener noreferrer nofollow">StraitsX: Extending Payment Network Across Asia (StraitsX Official Blog)</a><br><a href="https://www.coindesk.com/markets/2025/12/16/straitx-to-debut-singapore-and-u-s-dollar-stablecoins-on-solana-for-quick-sgd-usd-swaps" rel="noopener noreferrer nofollow">CoinDesk: StraitsX to Debut Singapore and US Dollar Stablecoins on Solana</a></p>

Singapore Dollar Stablecoin Volume Surpasses $1b On Polygon Network

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