XSGD is the first Southeast Asian fiat-backed stablecoin to launch on Hedera’s carbon negative network
Singapore, May 24, 2023 (GLOBE NEWSWIRE) — StraitsX, the Southeast Asia-based digital asset payment infrastructure, announced support for the StraitsX Singapore Dollar (XSGD) on the Hedera network.
Since its launch in October 2020, XSGD has gained rapid adoption, surpassing over 7 billion XSGD in on-chain transactions, making it one of the largest non-USD stablecoin by market capitalisation today. Starting today, users can leverage the StraitsX platform to send and receive XSGD on the Hedera network. XSGD (Hedera) is also expected to be listed on global exchanges in the coming months.
Hedera is a leaderless proof-of-stake (POS) network powered by hashgraph consensus, achieving the highest-grade of security possible (ABFT). Combining high throughput, low fees, and finality in seconds, transactions on Hedera are blazing fast with incredibly low bandwidth consumption. HBAR is the
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