StraitX Launches SGD and USD Stablecoins on Solana for Fast Forex Exchange

Singapore-based fintech company StraitX is set to launch its Singapore dollar (XSGD) and U.S. dollar (USDS) stablecoins on the high-speed Solana blockchain. This strategic move aims to facilitate rapid and cost-effective currency exchange and remittance services within the decentralized finance (DeFi) ecosystem. By leveraging Solana's scalability, StraitX targets institutional and retail users seeking efficient forex transactions. The stablecoins are fully backed by fiat reserves held in regulated financial institutions, ensuring price stability and reliability. This expansion enhances Solana's growing stablecoin offerings and positions StraitX as a key player in bridging traditional finance with digital assets in the Asia-Pacific region.