StraitsX has announced a strategic partnership with the Solana Foundation to launch its Singapore Dollar-backed stablecoin, XSGD, and US Dollar-backed stablecoin, XUSD, on the Solana blockchain. Set for early 2026, this initiative will make Solana the first layer-one blockchain to support both stablecoins, facilitating on-chain foreign exchange (FX), consolidated liquidity, and real-time cross-border settlements.
The collaboration aims to expand StraitsX’s multi-chain settlement network, which has already processed over $18 billion (US$18 billion) across various blockchains, into Solana’s high-speed, low-cost environment. This integration is expected to support cross-border settlements, merchant transactions, and programmable finance, meeting the growing global demand for stablecoin infrastructure.
Key highlights include Solana becoming the first layer-one chain to host both XSGD and XUSD, enabling seamless on-chain FX and liquidity. The platform will offer a high-throughput, low-cost payments infrastructure, allowing for instant global transfers and low-cost merchant payments. Additionally, the partnership will foster institutional-grade liquidity and market access, with support from major centralised and decentralised exchanges to build liquidity pools and financing markets.
Tianwei Liu, CEO and Co-Founder of StraitsX, stated, “Launching XSGD and XUSD together on Solana will be game-changing. It unites CEX support, AMM liquidity, lending pools, and everyday payments on a single high-performance chain.”
The integration of XSGD and XUSD on Solana is poised to strengthen the blockchain’s role as a global payments chain, unlocking new opportunities for builders, institutions, and users. This development marks a significant step towards a unified global payments ecosystem, bridging the gap between traditional finance and the digital economy.
