StraitsX has launched its stablecoins XSGD and XUSD on the PlatON network, expanding their reach in the digital currency ecosystem. XSGD, pegged to the Singapore dollar, and XUSD, pegged to the US dollar, are both fully backed by reserves held at DBS Bank and Standard Chartered Bank for XSGD, and by regulated financial institutions for XUSD, maintaining a 1:1 backing ratio. This integration aims to enhance the utility and accessibility of these stablecoins within the blockchain space.