StraitsX Singapore Dollar
StraitsX Singapore Dollar (XSGD) is a digital stablecoin pegged to the Singapore dollar. XSGD is issued by StraitsX, and StraitsX is a trademark of Xfers Pte Ltd, a Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS) for e-money issuance. XSGD is also the world's first Travel Rule compliant stablecoin, which means it follows the guidelines of the Financial Action Task Force (FATF) and the MAS Payment Services Act.


== Usage ==
XSGD runs on multiple blockchains, such as Ethereum, Hedera, Polygon, and Zilliqa.


== Reserves ==
Each XSGD is backed by a Singapore Dollar held in both cash and both MAS Bills.
XSGD reserves are regularly attested and the monthly attestations can be found on the StraitsX website.


== See also ==
USD Coin (USDC)
StraitsX Indonesian Rupiah (XIDR)


== References ==