Market cap
$13.01M
0.1 %
Volume (24h)
$154.21K
0.1 %
Circulating supply
14,482,760 XSGD
Total supply
14,482,760 XSGD
XSGD (XSGD)
$ 0.78
0.1 %
Main info
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Key data
updated $0Market cap$13.01M
Volume 24h$154.21K
Circulating supply14.48M
All-time high$1.36-43% from peak · 2021-11-14
XSGD (ticker: XSGD) is a stablecoin pegged to the Singapore dollar (SGD), issued on blockchain networks like Ethereum. It allows users to transact with SGD digitally in a fast and borderless manner while maintaining price stability. Each XSGD is backed 1:1 by reserves held in regulated financial institutions.
Frequently asked questions
What is XSGD and how is it different from other stablecoins?
XSGD is a Singapore dollar-backed stablecoin, unlike USD-pegged ones like USDT or USDC. It’s designed for SGD-denominated transactions, offering stability for users in Singapore or those dealing with SGD-based trades.
How does XSGD maintain its peg to the Singapore dollar?
XSGD uses a 1:1 reserve model, meaning every token is backed by an equivalent amount of SGD held in regulated banks. Regular audits ensure transparency and trust in the reserves.
How is XSGD issued and redeemed?
Issuance happens when users deposit SGD with the issuing entity, which mints an equivalent amount of XSGD. Redemption works inversely: users burn XSGD to receive SGD back.
How can I store or use XSGD?
XSGD is an ERC-20 token, so it can be stored in any Ethereum-compatible wallet (e.g., MetaMask). It’s used for trading, remittances, or as a stable store of value in DeFi applications.