XSGD is the fully collateralized Singapore Dollar stablecoin, powered by open-source blockchain protocols.
# What blockchains support XSGD?
XSGD 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.
# Who issues XSGD?
XSGD 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.
# How can I use XSGD?
Use XSGD as a stable store of value and unit of account denominated in Singapore Dollar in digital assets markets.
**Send Singapore Dollar on the Blockchain**
Make 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.
**Interoperable across Digital Asset Markets**
Transfer, spend and recieve XSGD with StraitsX partners across multiple blockchains and a wide range of supported applications.
**Supported by DeFi Protocols**
Leverage XSGD in Decentralised Finance applications or “DeFi”. Swap or provide liquidity with XSGD to take part in the future of finance.
# Where can I get XSGD?
Individuals can mint and redeem XSGD on the StraitsX platform 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.