General information | |
---|---|
Global rank: | 706 |
Name: |
![]() |
Symbol: | XSGD |
Current coin price (WST): | 2.17 WS$ |
Last hour: | arrow_downward-0.010 % |
Last 24 hours: | arrow_downward-0.190 % |
Last 7 days: | 0.570 %trending_up |
Capitalisation (WST): | 80 525 753.60 WS$ |
Volume 24h (WST): | 442 559.90 WS$ |
Available supply: | 37 157 873.00 XSGD |
Total coin supply: | -1 XSGD |
Start date: | 2020-04-03 |
Trading information
Today | Last week | Last month | Last year | All time | |
---|---|---|---|---|---|
Open: | - | ||||
High: | |||||
Low: | |||||
Close: | - |
XSGD/Samoan Tala (XSGD/WST) price chart
XSGD/Samoan Tala (XSGD/WST) capitalisation and volume charts
XSGD is a stablecoin pegged to the Singapore Dollar (SGD), designed to maintain a consistent value with the SGD. It operates on several blockchains, including Ethereum, Polygon, and Zilliqa. Each XSGD token is fully collateralized one-for-one by the Singapore Dollar, providing a stable and reliable digital currency option for users.
XSGD is issued by StraitsX, a trademark of Xfers Pte Ltd. StraitsX is a licensed Major Payment Institution by the Monetary Authority of Singapore, operating under a framework that ensures compliance with the Payment Services Act. This regulatory compliance adds a layer of trust and reliability to the operations of StraitsX and the issuance of XSGD. StraitsX's approach exemplifies a blend of innovation in digital currency with adherence to regulatory standards.
XSGD offers several advantages for its users. Primarily, it facilitates near-instantaneous cross-border transactions and allows for the swapping of other stablecoins at competitive rates. Moreover, it supports micropayments due to its ability to be counted out to six decimal places, addressing a key limitation of traditional fiat-based digital payment systems. XSGD's versatility also extends to its usability across various blockchain ecosystems, including Zilliqa and Ethereum, thereby enhancing its utility in the evolving landscape of digital finance.