Kriptoks

XSGD, or the XSGD cryptocurrency, is a digital currency that is fully backed by the Singapore Dollar (SGD). Developed by the StraitsX platform, XSGD is designed to operate on both the Ethereum and Zilliqa blockchains and aims to establish itself as the go-to platform for digital assets in Southeast Asia and beyond.

StraitsX, the company behind XSGD, is a Singapore-based fintech firm that specializes in payments infrastructure for the digital assets space. The company's goal is to provide individuals and businesses with access to digital growth opportunities, and it aims to achieve this by building a robust ecosystem of APIs and stablecoins that allow for swift and safe access to digital assets markets and decentralized finance (DeFi) applications.

One of the key features of XSGD is that it is regulatory compliant. This means that it is issued by Xfers, a licensed Major Payment Institution (MPI) under the e-currency issuance framework. Additionally, each XSGD is fully backed by one Singapore Dollar, which is held and safeguarded in a Singapore bank, making it transparent and trusted. XSGD also operates on multi-chain which provides speed, scalability, and cost-effectiveness offered by Ethereum and Zilliqa networks.

XSGD is a stablecoin anchored to the Singapore Dollar and is the native token of the StraitsX platform. It operates on ERC-20 and ZRC-2 token standards, which are formal standards for creating fungible tokens on the Ethereum and Zilliqa blockchains, respectively.

One of the main use cases for XSGD is making near-instant, low-cost transfers globally, anytime, in a secure manner, without needing a third party. Additionally, users can transfer, spend, and receive XSGD with StraitsX ecosystem partners across various blockchains and a wide range of supported applications. XSGD can also be leveraged in DeFi, where users can swap or provide liquidity with XSGD to take part in the future of finance.

XSGD was launched in 2020 by StraitsX, a Singapore-based fintech company. The platform was led by Aymeric Salley, who is the head of business operations, and Yap Jun Hao, who leads the engineering team. XSGD has a total supply of 253,738,190.83 tokens. As a Singapore-based company, XSGD is poised to become an important player in the digital assets market in Southeast Asia, and it has the potential to revolutionize the way people access, transfer, and invest in digital assets.