Market Data & Token Stats
| Fully Diluted Valuation | $15.54M |
|---|---|
| 24H Trading Volume | $544,643 |
| 24H Low / High | $0.7828 / $0.7840 |
| Circulating Supply | 19.83M |
| Total Supply | 19.83M |
| Max Supply | ∞ |
Key Project Information
| Categories | Stablecoins 12 more |
|---|---|
| Founder | StraitsX |
| Website | straitsx.com |
| Socials | 2 more |
| Chains | Ethereum Ecosystem 8 more |
| Explorer | Arbiscan 9 more |
| Contracts |
0x70e....eca96
8 more
|
OGAudit Security Evaluation & Social Audit Metrics
OGAudit Coin Evaluation Metrics
XSGD (xsgd) Expert User Reviews
Is XSGD safe or a scam? Read verified Crypto OG reviews about XSGD
$xsgd Markets
| Name | Pair | OG Score |
|---|
About XSGD
XSGD, the fully collateralized stablecoin pegged to the Singapore Dollar, has garnered attention in the digital assets landscape. Developed by Xfers through the StraitsX platform, XSGD stands out for its distinctive features and practical applications.
1. Blockchain Compatibility:
XSGD tokens are available on two blockchain protocols. They exist as ERC-20 tokens on the Ethereum blockchain and ZRC-2 tokens on the Zilliqa blockchain. This flexibility allows users to store XSGD in any compatible wallet for both platforms.
2. Issuer and Regulatory Framework:
XSGD is issued by Xfers, a Singapore-based payments leader licensed as a Major Payment Institution under the e-money issuance framework by the Monetary Authority of Singapore (MAS). This regulatory compliance allows Xfers to mint unlimited XSGD tokens.
3. Fiat Reserves and Transparency:
XSGD's value is fully backed by fiat reserves. Each XSGD token is backed by one Singapore dollar, held in a secure Singapore bank. This setup ensures transparency and XSGD remains redeemable on a one-to-one basis with the Singapore Dollar on the StraitsX platform.
4. Use Cases and Accessibility:
XSGD serves as a stable store of value and unit of account within digital asset markets. Individuals can mint and redeem XSGD on the StraitsX platform. Additionally, businesses can utilize StraitsX APIs for XSGD transactions. The stablecoin is also supported on major exchanges, providing widespread accessibility.
5. StraitsX Ecosystem and Vision:
The StraitsX platform, developed by Xfers, aims to facilitate swift and secure access to digital asset markets and decentralized finance (DeFi) applications. The vision is centered on enabling digital asset access for individuals and businesses in Asia and beyond, positioning StraitsX as a key player in the fintech landscape.
In summary, XSGD stands as a multi-chain, regulatory-compliant stablecoin with a strong foundation in the StraitsX platform. Its unique features and transparent backing make it a notable player in the Southeast Asian digital assets market, promising efficiency and reliability for users and businesses alike.
XSGD maintains transparency in its fiat reserves by securely holding one Singapore dollar for each XSGD token in a reputable Singapore bank, ensuring a one-to-one basis redemption guaranteeing transparency and trustworthiness in the ecosystem.
What is unique about XSGD (XSGD)?
XSGD stands out for its full collateralization with the Singapore Dollar, regulatory compliance under the Monetary Authority of Singapore (MAS) and availability on both Ethereum and Zilliqa blockchains, providing stability and accessibility in the digital assets market.
Who are the founders of XSGD (XSGD)?
XSGD was launched by StraitsX, a Singaporean FinTech company, led by Aymeric Salley overseeing business operations and Yap Jun Hao heading the engineering team, driving innovation and growth in the digital assets space.
Who are the backers/investors of XSGD (XSGD)?
XSGD is backed by Xfers, a Singapore-based payments leader, which operates under the regulatory framework of the Monetary Authority of Singapore (MAS), ensuring transparency and regulatory compliance in the digital assets market.
Where can I buy XSGD (XSGD)?
You can buy XSGD (XSGD) on Coinbase, Uniswap V3 (Ethereum), Uniswap V2 (Ethereum), Uniswap V3 (Polygon)Uniswap V3 (Avalanche) cryptocurrency exchanges.
Information in this section carefully collected and curated from publicly available data from official sources, including the XSGD Official Website, XSGD GitHub Repository and XSGD X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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