We’re excited to announce that XSGD / USDC liquidity pools are now live on DEXs and other DeFi protocols with the Avalanche blockchain ecosystem, including Pharaoh and Xave. This development marks a milestone in our commitment to expanding the utility and accessibility of XSGD across multiple blockchain networks, offering users more seamless options for trading and liquidity.

Why this development matters

The introduction of these liquidity pools opens gateways to trade and access XSGD seamlessly on one of the most efficient and high-performance blockchain ecosystems. Avalanche's robust infrastructure, renowned for its rapid processing, cost-effectiveness, and scalability, provides an optimal environment for decentralised stablecoin trading, including XSGD and USDC pairs. 

 This expansion brought new possibilities and opportunities for our users to engage with the digital Singapore dollar - whether for trading purposes, providing liquidity, or participating in various DeFi activities. 

 It also aligns with our strategic goal of making XSGD accessible across diverse blockchain networks, facilitating its seamless integration into a broad spectrum of applications within the evolving digital asset landscape.

Key Benefits

• Deep Liquidity with Minimal Slippage:
  The XSGD (AVAX)/USDC pools on Avalanche DEXes provide users with access to deep liquidity, enabling the trading of large volumes with minimal slippage. Whether executing high-volume trades or looking for efficient swaps, these liquidity pools ensure you can access stable, low-cost transactions.
  
  
• Fast, Low-Cost, and Scalable Decentralised Trading:
  One of the key advantages of trading on Avalanche is its highly efficient network. The XSGD and USDC pairs available on Pharaoh and Xave allow users to trade on a decentralised, fast and cost-effective platform. This is particularly important for stablecoin traders who value speed, efficiency, and scalability when moving assets across DeFi platforms.
  
  
• Opportunities for Yield through Liquidity Provision:
  For those looking to contribute to the DeFi ecosystem, users can also add liquidity to the XSGD (AVAX)/USDC pools. As a return for contributing liquidity, you can earn rewards and yield on your assets. Users can also look out for upcoming announcements of boosted rewards, designed to incentivise liquidity providers and further deepen the pool's liquidity.

Future Developments

At StraitsX, we remained focused on increasing the liquidity, usability, and accessibility of our stablecoins, including XSGD, across multiple blockchain networks. This new initiative with Avalanche is just the beginning.  We will continue exploring further opportunities to integrate XSGD and other StraitsX stablecoins into scalable and efficient blockchain ecosystems, enhancing the user experience and unlocking new opportunities for traders and liquidity providers.

Stay tuned for more updates as we work to bring increased accessibility and utility to StraitsX stablecoins across the blockchain and DeFi spaces!