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XSGD

XSGD

$0.7887
2.97%
Open
-
High
-
Low
-
Vol.
-
coindesk-loading-spinner
1H
24H
7D
1M
1Y
All
Market Cap. #1269
$10,855,728
Volume (24h) #2342
$15,798
Supply (Circ. / Total / Max)
- / 13.76M / ∞
Launch Date
2020-04-03
Built On
ETH
Token Standard
ERC20
Smart Contract Address
0x70e8de73ce538da2beed35d14187f6959a8eca96
Decimal Places
6

XSGD Price Converter

XSGD

XSGD Information

Resources

WebsitesWebsiteWhitepaperBlog
Code Repositoriesgithub.com/Xfers/xfers-python
Industries
Stablecoin
Payment
Communitiestwitter.com

XSGD Supported Platforms

XSGDERC20ETH0x70e8de73ce538da2beed35d14187f6959a8eca962020-04-03
XSGDERC20POL0xDC3326e71D45186F113a2F448984CA0e8D2019952022-07-15
XSGDZRC2ZILzil180v66mlw007ltdv8tq5t240y7upwgf7djklmwh2020-08-19

About XSGD

XSGD is a stablecoin pegged to the Singapore Dollar (SGD) and operates on several blockchains, including Ethereum, Polygon, and Zilliqa. Each XSGD token is fully collateralized one-for-one by the Singapore Dollar, providing a stable and reliable digital currency option for users. XSGD is issued by StraitsX, a trademark of Xfers Pte Ltd, and is a licensed Major Payment Institution by the Monetary Authority of Singapore. It facilitates near-instantaneous cross-border transactions and allows for the swapping of other stablecoins at competitive rates. XSGD supports micropayments due to its ability to be counted out to six decimal places, addressing a key limitation of traditional fiat-based digital payment systems. XSGD’s versatility also extends to its usability across various blockchain ecosystems, including Zilliqa and Ethereum, thereby enhancing its utility in the evolving landscape of digital finance.

XSGD is a stablecoin pegged to the Singapore Dollar (SGD), designed to maintain a consistent value with the SGD. It operates on several blockchains, including Ethereum, Polygon, and Zilliqa. Each XSGD token is fully collateralized one-for-one by the Singapore Dollar, providing a stable and reliable digital currency option for users​​​​​​.

XSGD is issued by StraitsX, a trademark of Xfers Pte Ltd. StraitsX is a licensed Major Payment Institution by the Monetary Authority of Singapore, operating under a framework that ensures compliance with the Payment Services Act. This regulatory compliance adds a layer of trust and reliability to the operations of StraitsX and the issuance of XSGD. StraitsX's approach exemplifies a blend of innovation in digital currency with adherence to regulatory standards​​​​.

XSGD offers several advantages for its users. Primarily, it facilitates near-instantaneous cross-border transactions and allows for the swapping of other stablecoins at competitive rates. Moreover, it supports micropayments due to its ability to be counted out to six decimal places, addressing a key limitation of traditional fiat-based digital payment systems. XSGD's versatility also extends to its usability across various blockchain ecosystems, including Zilliqa and Ethereum, thereby enhancing its utility in the evolving landscape of digital finance​​.