| General information | |
|---|---|
| Global rank: | 706 |
| Name: |
XSGD |
| Symbol: | XSGD |
| Current coin price (ZAR): | 14.66 R |
| Last hour: | arrow_downward-0.010 % |
| Last 24 hours: | arrow_downward-0.190 % |
| Last 7 days: | 0.570 %trending_up |
| Capitalisation (ZAR): | 544 575 251.60 R |
| Volume 24h (ZAR): | 2 992 920.40 R |
| Available supply: | 37 157 873.00 XSGD |
| Total coin supply: | -1 XSGD |
| Start date: | 2020-04-03 |
XSGD/South African Rand (XSGD/ZAR) price chart
XSGD/South African Rand (XSGD/ZAR) 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.