
Coinbase to launch first SGD stablecoin by StraitsX
Coinbase is partnering with StraitsX to bring the world’s first SGD-backed stablecoin to users on the platform. The token is recognized by the Monetary Authority of Singapore as compliant with the upcoming stablecoin framework. Summary Coinbase will make XSGD, the world’s first SGD-backed stablecoin, available to users on the Base ecosystem. Users will be able to directly exchange Singaporean dollars with XSGD through the platform on a one-to-one ratio. According to a press release sent to crypto.news, XSGD will be available to Coinbase and Coinbase Advanced users starting September 29, 2025 at 19:00 UTC. As part of the initial rollout,…








