{"data":{"id":8489,"name":"XSGD","symbol":"XSGD","slug":"xsgd","category":"token","description":"# What is XSGD?\nXSGD is the fully collateralized Singapore Dollar stablecoin, powered by open-source blockchain protocols. \n\n# What blockchains support XSGD?\nXSGD tokens are available on two distinct blockchain protocols. XSGD is available on the Ethereum blockchain as ERC-20 tokens and can be stored with any ERC-20 compatible wallet. XSGD (ZRC-2) tokens run on the Zilliqa blockchain as ZRC-2 tokens and can be stored with any ZRC-2 compatible wallet.\n\n# Who issues XSGD?\nXSGD is issued by Singapore-based payments leader Xfers via the StraitsX platform. As a licensed Major Payment Institution in Singapore under the Monetary Authority of Singapore (MAS), Xfers can mint unlimited amounts of XSGD tokens under the e-money issuance framework. XSGD is backed by one Singapore dollar that is being held and safeguarded in a Singapore bank and will always be redeemable on the StraitsX platform.\n\n# How can I use XSGD?\nUse XSGD as a stable store of value and unit of account denominated in Singapore Dollar in digital assets markets. \n\n**Send Singapore Dollar on the Blockchain**\nMake near-instant, low cost transfers of XSGD globally, 24/7 in a trusted and secure manner without the need for a 3rd party clearing agent.\n\n**Interoperable across Digital Asset Markets**\nTransfer, spend and recieve XSGD with StraitsX partners across multiple blockchains and a wide range of supported applications.\n\n**Supported by DeFi Protocols**\nLeverage XSGD in Decentralised Finance applications or “DeFi”. Swap or provide liquidity with XSGD to take part in the future of finance.\n\n# Where can I get XSGD?\n\nIndividuals can mint and redeem XSGD on the [StraitsX platform](https://www.straitsx.com/) and spend XSGD with StraitsX partners and businesses can leverage StraitsX APIs to support XSGD. XSGD is also supported on major exchanges. For a full list of supported platforms and applications, visit [straitsx.com](https://www.straitsx.com/).","dateAdded":"2021-02-17T00:00:00.000Z","actualTimeStart":"2021-02-17T06:50:00.000Z","status":"active","isBn":0,"subStatus":"normal","notice":"","alertType":2,"alertLink":"","latestUpdateTime":"2026-10-11T13:20:00.000Z","watchCount":"4376","watchListRanking":2677,"dateLaunched":"2020-10-04T00:00:00.000Z","latestAdded":false,"tags":[{"slug":"stablecoin","name":"Stablecoin","category":"CATEGORY","status":1,"priority":3},{"slug":"asset-backed-stablecoin","name":"Asset-Backed Stablecoin","category":"CATEGORY","status":1,"priority":5},{"slug":"fiat-stablecoin","name":"Fiat Stablecoin","category":"CATEGORY","status":1,"priority":3}],"selfReportedTags":["Payments","Stablecoin","Asset-Backed 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