StraitsX Mint is a feature that allows verified users to convert SGD fiat currency directly into XSGD on the blockchain.
Instead of going through the StraitsX dashboard every time, you can transfer funds from your verified bank account straight to a dedicated StraitsX Mint account. The equivalent amount of stablecoins will then be minted 1:1 and sent automatically to your chosen blockchain address.
How It Works
Set up your Mint account by selecting a blockchain network (e.g., Ethereum, Polygon, Avalanche C-Chain, Arbitrum, Hedera, Ripple) and whitelisting your wallet address.
StraitsX provides you with a unique bank account number linked to that Mint setup.
When you send SGD from your verified bank account to this Mint account, the equivalent XSGD is minted and credited directly to your wallet address.
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