Generalize
Information
Information
What is XSGD?
XSGD is the fully collateralized Singapore Dollar stablecoin.
XSGD is issued by Singapore-based payments leader Xfers via the StraitsX platform. As a licensed Major Payment Institution in Singapore under the Monetary Authority of Singapore (MAS), Xfers can mint unlimited amounts of XSGD tokens under the e-money issuance framework. XSGD is backed by one Singapore dollar that is being held and safeguarded in a Singapore bank and will always be redeemable on the StraitsX platform.
Answers
What is XSGD?
XSGD is a stablecoin fully collateralized by the Singapore Dollar and powered by open-source blockchain protocols.
What blockchains support XSGD?
XSGD tokens are available on two different blockchain protocols. XSGD is available on the Ethereum blockchain as ERC-20 tokens and can be stored using any ERC-20 compatible wallet. XSGD (ZRC-2) tokens run on the Zilliqa blockchain as ZRC-2 tokens and can be stored using any ZRC-2 compatible wallet.
Who issues XSGD?
XSGD is issued by Xfers, a Singapore-based payments leader, through the StraitsX platform. Xfers is a licensed Major Payment Institution in Singapore under the Monetary Authority of Singapore (MAS) and has the authority to mint unlimited amounts of XSGD tokens under the e-money issuance framework. XSGD is backed by Singapore dollars held and safeguarded in a Singapore bank, ensuring it can always be redeemed on the StraitsX platform.
How can I use XSGD?
You can use XSGD as a stable store of value and unit of account denominated in the Singapore Dollar in digital asset markets.
Where can I get XSGD?
Individuals can mint and redeem XSGD on the StraitsX platform and spend XSGD with StraitsX partners. Businesses can leverage StraitsX APIs to support XSGD. XSGD is also supported on major exchanges. For a full list of supported platforms and applications, visit straitsx.com.
Coin ranking
Popular Q&A
- What are the key benefits and advantages of investing in XSGD coin? How does it differ from other cryptocurrencies? Is it a good investment option for beginners?2021-12-24
- Can you provide a detailed comparison between xsgd and other stablecoins in terms of price stability? How does xsgd maintain its price stability? Are there any factors that make xsgd more stable than other stablecoins?2021-12-24
- Can you tell me the current price of XSGD coin? I'm interested in knowing the latest value of this cryptocurrency.2021-12-24
- I am interested in buying XSGD coin. Can you please guide me on how to buy it? What are the steps involved in purchasing XSGD coin?2021-12-24
- I would like to know which exchanges support the trading of XSGD coin. Can you provide a list of exchanges where I can buy and sell XSGD?2021-12-24
- What are the potential risks and rewards of investing in xsgd? I am considering investing in xsgd and want to understand the potential risks and rewards associated with it. Can you provide some insights?2021-12-24