StraitsX launches Singapore Dollar and US Dollar pegged stablecoins XSGD and XUSD on PlatON
The stablecoins XSGD and XUSD, pegged to the Singapore dollar and the US dollar respectively and issued by StraitsX, have been integrated into the PlatON network. XSGD, a stablecoin pegged to the Singapore dollar, was issued by StraitsX in 2020 and is fully backed 1:1 by reserves held by DBS Bank and Standard Chartered Bank. XUSD is its US dollar counterpart, also backed 1:1 by US dollar reserves held by regulated financial institutions. (The Block)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
British Pound: Supportive BoE outlook with range trade against US Dollar – Scotiabank
Italy Pushes Near-Zero Fees for Digital Euro Payments Under €10
Alamo Group Insider Sold Shares Worth $443,163, According to a Recent SEC Filing
Avio shareholders approve incentive plans under TUF Article 114-bis
Crypto prices
More
