DeFi· ★★★· bullish·

StraitsX to launch XSGD and XUSD stablecoins natively on Monad

  • —XSGD and XUSD will be natively issued on Monad in early 2027
  • —XSGD would be the first natively issued SGD-backed stablecoin on Monad
  • —Cumulative stablecoin volume processed via StraitsX is about $30 billion
  • —The issuer holds an MPI license under Singapore's Payment Services Act
Why it matters: Bringing regulated stablecoins to new L1 networks intensifies competition for liquidity and payment use cases in Asia.
#MON
Source: Bloomingbit
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