Five years. It’s a significant milestone for any innovation, especially in the fast-paced world of digital assets. Today, we're proud to mark the 5th Anniversary of XSGD – the Singapore Dollar-backed stablecoin that has redefined how digital value moves. From its inception, XSGD has been committed to bridging traditional finance with the digital economy by focusing on real-world use cases.
Celebrate our journey through this anniversary video below, showcasing the key milestones that have shaped XSGD’s growth over the past five years.
Building for the Real World: Key Milestones
Since XSGD’s first issuance on October 5th 2020, XSGD has powered compliant, accessible, and always-on stablecoin rails for real-world payments, laying the foundation for the milestones we celebrate today
Today, XSGD remains one of the largest non-USD stablecoins by market cap. This strong position is a testament to the trust and utility we've built, demonstrated by:
- XSGD's reliability in maintaining 1:1 peg to the Singapore Dollar. We ensure this promise is kept through regular attestation reports, providing full transparency and reassurance that every XSGD in circulation are backed by a secure and high-liquidity reserve.
- With close to $9 billion in on-chain transactions processed since inception, XSGD has proven its utility and efficiency as a trusted medium of exchange.
- XSGD is integrated with over 120 digital asset platforms and financial institutions, making it widely accessible to a broad and growing global user base.
- Our always-on infrastructure offers 24/7 instant settlement globally, ensuring a seamless and efficient experience for users around the world.
Beyond the numbers, XSGD has demonstrated real-world utility. Our participation in Project Orchid (now known as Project Bloom) , a collaboration with regulators and institutions where we powered commercial digital vouchers, and the Singapore Pitstop Pack pilot, which showcased programmable rewards, illustrates how stablecoins can be integrated into everyday life. Additionally, our partnership with Alipay and Grab for cross-border payments has unlocked new, impactful use cases for XSGD.
Future Outlook
As we celebrate our journey, our gaze is firmly fixed on the future. We are proud to have XSGD acknowledged by the Monetary Authority of Singapore (MAS) as being substantively compliant with the upcoming single currency stablecoin regulatory framework in Singapore. This is a testament to our commitment to building a secure and regulated foundation.
XSGD's 5th Anniversary is not just a celebration of our achievements, but a testament to the community, partners, and team who have believed in our vision. Our journey is far from over. We are planning to continue expanding the use cases of XSGD and widen access to global users, building on our foundation of trust, transparency, and real-world utility. Expect more integrations, more innovative applications, and a deeper penetration into both the digital and traditional financial landscapes.
Thank you for being an integral part of this journey. We are incredibly excited for what's next and invite you to continue building the future of digital finance with us.
Learn more about XSGD and join our growing ecosystem here!
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