StraitX to launch Singapore dollar, USD stablecoins on Solana

Singaporean payments infrastructure firm StraitX plans to launch two new stablecoins on the Solana (SOL) blockchain, CoinDesk reported. The new assets are XSGD, pegged to the Singapore dollar, and XUSD, pegged to the U.S. dollar. Both stablecoins will utilize Solana's x402 payment standard.