XSGD Coin, also known as the StraitsX digital Singapore Dollar, is a stablecoin backed by reserve assets in the traditional financial system.
Benefits of XSGD
Borderless and always-on: Move value across borders without banking-hour constraints, so you can pay, send, or trade when you need to.
Faster, more cost-effective transfers: Compared to the several days required by traditional systems, transactions can complete in under an hour, reducing costs and minimizing exchange rate fluctuations in cross-border transfers.
Using XSGD on Coinbase
Convert SGD ↔ XSGD with no Coinbase conversion fees: You can deposit Singapore Dollars (“SGD”) via PayNow or Fast Transfer and convert to XSGD instantly.
Trade the XSGD/USDC pair in Coinbase Advanced: Buy, sell, and trade XSGD in the Coinbase app, or access enhanced liquidity via the XSGD/USDC pair in Coinbase Advanced.
Precise balances: You can hold as little as 0.000001 XSGD.