Product Updates

Personal Account Sign Ups now supported globally: Mint, Redeem, and Swap XSGD and USDC today!

March 30, 2023

We are excited to share that StraitsX Personal Account signups are now open to users beyond Singapore and Indonesia.. Users across the globe will now have access to interact and transact in the world of stablecoins such as XSGD and USDC, across different DeFi protocols.

Mint and Redeem XSGD from anywhere in the world

Users with a StraitsX Personal Account will be able to mint XSGD by funding SGD from a verified bank account into their StraitsX accounts, and convert XSGD back to SGD, directly from the StraitsX dashboard. 

Swap XSGD to mint USDC

The StraitsX Personal Account dashboard has also made swapping between stablecoin currencies a breeze, with both XSGD and USDC currently supported for international users. The StraitsX Swap feature enables you to convert trusted stablecoins seamlessly across different global currencies without incurring any extra fees, ensuring a hassle-free experience. More stablecoin integrations are also being explored at the moment.

Blockchain transactions for your XSGD and USDC

StraitsX Personal Account holders will also be able to transfer in XSGD or USDC from verified WalletConnect or MetaMask blockchain addresses, with incoming blockchain transactions automatically reflected in your StraitsX account balance. Vice versa, outgoing blockchain transactions of XSGD or USDC will enable users quicker access to transacting in XSGD or USDC across different supported DeFi protocols.

Transfer, spend and receive StraitsX supported stablecoins across multiple blockchains and a wide range of supported applications. Explore the list of applications that support XSGD and USDC:

Transact in trusted stablecoins

XSGD is one of the world’s largest non-USD stablecoin. Each XSGD is backed by one Singapore Dollar in cash and SGD-denominated assets held in segregated accounts in a Singapore bank and/or regulated financial institutions. XSGD will always be redeemable 1:1 for SGD on the StraitsX platform. StraitsX currently supports both ERC-20 and ZRC-2 token standards for XSGD on the Ethereum, Polygon, and ZiIliqa blockchain networks.

The StraitsX platform also supports USDC transactions. USDC is issued by Circle, and is 100% backed by cash and short-dated U.S. treasuries so that it is always redeemable 1:1 for U.S dollars. StraitsX currently supports Ethereum (ERC-20) network transfers of USDC at the moment, with more network integrations coming soon.

StraitsX is licensed by MAS as a Major Payment Institution. We are committed to security, and leverage institutional-grade custody solutions to ensure customer funds are safe. We are also ISO/IEC 27001:2013 certified, following the same stringent security standards set by banks.

Sign up now to begin minting StraitsX supported stablecoins and connect to the ever growing world of digital assets!

Get started with a StraitsX Personal Account in a few minutes:

Step 1: Submit your details and verify your email address

Fill in your personal details. This includes your full name as stated on your passport, your email address, and your password. 

StraitsX will use your provided email address to communicate with you about your account activity, new account features, and new product launches. We will only use your details and email address in accordance with our privacy policy.

Step 2: Verify your email address

You will need to verify your email address to activate your account. An email with instructions to verify your email address will be sent to the email address you have provided. If you are unable to locate the email, please check your spam folder.

The verification email contains a unique link to check if it is really you. This link also ensures we can use your email address to communicate with you.

Step 3: Securing your account with an authenticator

We require that all StraitsX Account holders add two-factor authentication (2FA) to their account. By doing so, you can rest assured that both your account and your funds are well-protected. 

Ready to get started?

Get, mint, and redeem StraitsX stablecoins, manage payments, view transactions, and more.