XSGD and XUSD will be issued on Monad in early 2027, expanding the currencies available across the network’s ecosystem.
StraitsX has announced that it plans to bring XSGD and XUSD stablecoins to the Monad network in early 2027.
The planned integration will make both stablecoins available across Monad, bringing StraitsX’s SGD- and USD-denominated stablecoins into its growing ecosystem of decentralised applications (dApps).
Keone Hon, General Manager, Monad Foundation, said: “Monad is designed for such activity while remaining compatible with the broader EVM ecosystem, allowing StraitsX to connect with established wallets, liquidity infrastructure and financial applications across an open, interoperable ecosystem, rather than building around a proprietary environment.”
StraitsX also plans to explore how the XSGD and XUSD stablecoins can support future payment and settlement applications across the Monad network too.
Tianwei Liu, CEO and Co-Founder of StraitsX, added: “Bringing XSGD to Monad as the network’s first SGD-denominated stablecoin gives us a way to put a Singapore dollar stablecoin to work in new card and payment products, without stepping outside the compliance standards we’ve built across the region.”
Stay updated on crypto and AI by following our socials
