RATE Group | Crypto.com adds Singapore-dollar pegged stablecoin
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Crypto.com adds Singapore-dollar pegged stablecoin

18 Feb Crypto.com adds Singapore-dollar pegged stablecoin

Posted at 10:04h in Cryptocurrency News by

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Crypto.com

Hong-Kong-based cryptocurrency platform Crypto.com has announced the addition of XSGD, the Singapore-dollar pegged stablecoin, to its list of cryptocurrencies.

The announcement via crypto.com blog post also noted the cryptocurrency platform, is the first crypto firm to adopt XSGD.

Notably, the addition of XSGD, Singapore-dollar backed and pegged stablecoin, brings the tally of listed cryptocurrencies on the Crypto.com mobile app to over 50.

The XSGD is issued by Xfers, a Southeast Asia’s leading Fintech platform for digital businesses, under the project name of StraitsX.

Additionally, the XSGD token is fully collateralized with the Singapore Dollar and is pegged 1:1 to SGD. Notably, in Singapore, Xfers is a holder of the Major Payment…

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