StraitsX stablecoins are fully backed 1:1 by fiat currency reserves.
XSGD is backed by Singapore Dollars (SGD).
XUSD is backed by US Dollars (USD).
The reserves are held in segregated accounts with licensed financial institutions, ensuring that every token issued is supported by an equivalent amount of fiat.
This means:
1 XSGD = 1 Singapore Dollar
1 XUSD = 1 US Dollar
StraitsX operates as a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS), providing regulatory oversight and transparency.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article