# What is XSGD?
XSGD is the fully collateralized Singapore Dollar stablecoin, powered by open-source blockchain protocols. 

# What blockchains support XSGD?
XSGD tokens are available on two distinct blockchain protocols. XSGD is available on the Ethereum blockchain as ERC-20 tokens and can be stored with any ERC-20 compatible wallet. XSGD (ZRC-2) tokens run on the Zilliqa blockchain as ZRC-2 tokens and can be stored with any ZRC-2 compatible wallet.

# Who issues XSGD?
XSGD is issued by Singapore-based payments leader Xfers via the StraitsX platform. As a licensed Major Payment Institution in Singapore under the Monetary Authority of Singapore (MAS), Xfers can mint unlimited amounts of XSGD tokens under the e-money issuance framework. XSGD is backed by one Singapore dollar that is being held and safeguarded in a Singapore bank and will always be redeemable on the StraitsX platform.

# How can I use XSGD?
Use XSGD as a stable store of value and unit of account denominated in Singapore Dollar in digital assets markets. 

**Send Singapore Dollar on the Blockchain**
Make near-instant, low cost transfers of XSGD globally, 24/7 in a trusted and secure manner without the need for a 3rd party clearing agent.

**Interoperable across Digital Asset Markets**
Transfer, spend and recieve XSGD with StraitsX partners across multiple blockchains and a wide range of supported applications.

**Supported by DeFi Protocols**
Leverage XSGD in Decentralised Finance applications or “DeFi”. Swap or provide liquidity with XSGD to take part in the future of finance.

# Where can I get XSGD?

Individuals can mint and redeem XSGD on the [StraitsX platform](https://www.straitsx.com/) and spend XSGD with StraitsX partners and businesses can leverage StraitsX APIs to support XSGD. XSGD is also supported on major exchanges. For a full list of supported platforms and applications, visit [straitsx.com](https://www.straitsx.com/).

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