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<p>StraitsX announced plans to launch its Singapore dollar stablecoin (XSGD) and US dollar stablecoin (XUSD) on the Monad blockchain in early 2027. This marks the first native issuance of XSGD on Monad, an Ethereum-compatible Layer 1 blockchain designed for financial applications. StraitsX holds Major Payment Institution licenses under Singapore's Payment Services Act and has facilitated nearly $30 billion in cumulative stablecoin transaction volume. Both stablecoins have received recognition from Singapore's Monetary Authority as compliant with the nation's upcoming single-currency stablecoin regulatory framework.</p>

StraitsX announced plans to launch its Singapore dollar stablecoin (XSGD) and US dollar stablecoin (XUSD) on the Monad blockchain in early 2027. This marks the first native issuance of XSGD on Monad, an Ethereum-compatible Layer 1 blockchain designed for financial applications. StraitsX holds Major Payment Institution licenses under Singapore's Payment Services Act and has facilitated nearly $30 billion in cumulative stablecoin transaction volume. Both stablecoins have received recognition from 

StraitsX announced plans to launch its Singapore dollar stablecoin (XSGD) and US dollar stablecoin (XUSD) on the Monad blockchain in early 2027. This marks the first native issuance of XSGD on Monad, an Ethereum-compatible Layer 1 blockchain designed for financial applications. StraitsX holds Major Payment Institution licenses under Singapore's Payment Services Act and has facilitated nearly $30 billion in cumulative stablecoin transaction volume. Both stablecoins have received recognition from Singapore's Monetary Authority as compliant with the nation's upcoming single-currency stablecoin regulatory framework.

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