News

XSGD is the first Southeast Asian fiat-backed stablecoin to launch on Hedera’s carbon negative network

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.

 As we continue to monitor the situation, USDC services will remain paused to ensure the stability of our platform. There is no impact on XSGD reserves, StraitsX has no direct exposure to Silicon Valley Bank, Silvergate Bank or Signature Bank. XSGD remains 100% placed in cash reserves custodised in a licensed banking institution in Singapore. We provide monthly third party ISCA audited attestation

As we bid farewell to another year, it's a great opportunity to look back on all that we've accomplished together over the past 12 months.

Through real-world use case applications with IDEMIA, Hedera, Mastercard and Carbonseed.Earth, StraitsX provides insights into the benefits stablecoins can bring to trade and commerce

The collaboration will contribute towards an innovative, interoperable, and inclusive digital currency infrastructure leveraging on an open-sourced blockchain.

StraitsX APIs are ready-built, developer-friendly solutions to help businesses collect, disburse and reconcile customer funds. Businesses in Indonesia can leverage powerful payments and payouts infrastructure to facilitate fiat and token transactions for their platform.

We’re proud to announce that StraitsX will be a sponsor and exhibitor at Indonesian Blockchain Conference, hosted by the Indonesian Blockchain Association and all of its ecosystem members. The conference is held on 15 September 2022.

We are pleased to announce that XSGD and XIDR are now supported in the Coinbase Wallet. Coinbase Wallet is a self-custody wallet that gives you complete control of your crypto.

StraitsX is supporting Ethereum’s “The Merge” event, which will see the existing execution layer of Ethereum with its new proof-of-stake (PoS) consensus layer, the Beacon Chain. The Merge is expected to bring energy efficiencies and result in improved scalability, security and sustainability for the Ethereum blockchain.

StraitsX and NTU jointly organised ABCC 2022, where participating groups from ten universities across Asia-Pacific and Eastern Europe were tasked with proposing a market entry plan for the next Southeast Asian digital currency and market that StraitsX should develop to drive the adoption of digital assets in Asia and beyond.

StraitsX is proud to announce today that it is now part of the Fazz ecosystem as its digital asset infrastructure arm