StraitsX Plans to Introduce XSGD and XUSD Stablecoins on Solana by 2026: Anticipated Developments
StraitsX Migration to Solana: StraitsX plans to migrate its XSGD and XUSD stablecoins to the Solana blockchain by early 2026 to improve transaction efficiency and usability within the Solana ecosystem.
Collaboration with Solana Foundation: The partnership with the Solana Foundation will allow users to conduct transactions using XSGD and XUSD on Solana’s fast and low-cost infrastructure, enhancing support for various financial applications.
Interoperability and Compliance: Both stablecoins will support the x402 interoperability standard, enabling functionalities like on-chain foreign exchange and automated liquidity pools, while also being compliant with upcoming stablecoin regulations.
Partnership with Grab: StraitsX has partnered with Grab to create a Web3-enabled settlement layer that integrates digital wallets and stablecoin transactions, potentially allowing users to utilize XSGD and XUSD within the Grab app, pending regulatory approval.
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