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StraitsX launches Singapore Dollar stablecoin XSGD on the XRP Ledger
The encryption infrastructure provider StraitsX has launched the Singapore Dollar stablecoin XSGD on the XRP Ledger to meet the rising demand for regulated multi-chain stablecoins in cross-border payments. XSGD is fully backed by reserves from DBS Bank and Standard Chartered. StraitsX stated that the next phase will introduce institutional programmatic payment and merchant settlement solutions in June to optimize enterprise payment and Compliance processes. (CoinDesk)