Solana users will soon be able to swap Singapore dollars (SGD) and U.S. dollars (USD) instantly on-chain, marking the high-speed blockchain’s first integration of a digital token tied to one of Asia’s leading currencies.

Crypto infrastructure firm StraitsX said Tuesday it plans to launch its Singapore dollar stablecoin, XSGD, alongside its U.S. dollar stablecoin, XUSD, on the Solana public blockchain. The rollout, targeted for early 2026 in collaboration with the Solana Foundation, will enable near-instant SGD-USD conversions, effectively bringing digital foreign exchange trading to Solana.

The launch is designed to support broader adoption of stablecoins across automated and AI-driven applications on the network. Solana’s x402 payment standard allows applications and AI agents to transact small amounts programmatically, while the blockchain’s fast settlement times and low fees make it attractive for payments compared with rivals such as Ethereum.

“Stablecoin adoption is increasingly driven by users and businesses who expect payments to be instant, low-cost and available everywhere,” said Tianwei Liu, CEO and co-founder of StraitsX. “Launching XSGD and XUSD together on Solana is a significant step forward. It brings centralized exchange access, automated market maker liquidity, lending pools and everyday payments onto a single high-performance chain.”

Stablecoins are digital tokens pegged to external assets such as fiat currencies, offering a way to avoid the price volatility common in other cryptocurrencies. Their use has expanded rapidly in areas such as remittances, cross-border payments and on-chain settlement.

At press time, XSGD and XUSD had market capitalizations of roughly $13 million and $50 million, respectively, according to CoinGecko. XSGD is already live on Ethereum, Polygon, Avalanche, Arbitrum, Zilliqa, Hedera and the XRP Ledger, while XUSD currently operates on Ethereum and BNB Smart Chain. StraitsX said the two stablecoins have processed more than $18 billion in on-chain transaction volume to date.

For Solana, the launch represents its first native access to a Singapore dollar-backed stablecoin. The network already hosts about $15.7 billion in stablecoins linked to currencies such as the U.S. and Australian dollars but has so far lacked an SGD option, according to DefiLlama.

“Welcoming both XSGD and XUSD to Solana strengthens the network’s position as a global payments layer,” said Lu Yin, head of APAC at the Solana Foundation. “It opens new opportunities for builders, institutions and users, from instant cross-border settlement to DeFi use cases such as lending, borrowing and yield generation.”