18 Feb Crypto.com adds Singapore-dollar pegged stablecoin
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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.
XSGD – The Singapore dollar stablecoin developed by Xfers and Zilliqa first listed on https://t.co/vCNztABJoG App. Full details – https://t.co/bgEaPFhX54@xferspay @zilliqa pic.twitter.com/2hNmJ1Ykc7
— Crypto.com (@cryptocom) February 17, 2020
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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