Overview

XSGD is a fully collateralized Singapore Dollar (SGD) stablecoin, powered by open-source blockchain protocols. It is backed 1:1 with the Singapore Dollar to ensure both stability and reliability.

Collateral & Redemption

• XSGD is fully backed by reserves held with StraitsX.
• It can always be redeemed at a 1:1 ratio with SGD on the StraitsX platform.

Usage & Transactions

• When you deposit (transfer in) SGD into your StraitsX account, your balance will be reflected as XSGD.
• When you withdraw (transfer out) XSGD to your bank account, you will receive the equivalent amount in SGD.

Conversion Fees

No fees are incurred when converting between SGD to XSGD, and vice versa.