XSGD company info

What does XSGD do?
XSGD (CRYPTO:XSGD) is a Singapore Dollar-backed stablecoin issued by StraitsX, a Singapore-based payments leader. It is licensed by the Monetary Authority of Singapore (MAS) and is backed by one Singapore dollar that is being held and safeguarded in a Singapore bank. XSGD can be used to make payments, send and receive money globally, and participate in decentralized finance (DeFi) applications. StraitsX is working on a number of projects to improve the XSGD ecosystem and make it more user-friendly, including developing a mobile wallet, adding support for more cryptocurrencies, and integrating with other DeFi protocols. StraitsX aims to make XSGD the leading stablecoin in Southeast Asia. StraitsX believes that XSGD can help to make payments more efficient and affordable in Southeast Asia, and that it can also help to promote the adoption of DeFi in the region.
XSGD company media
Company Snapshot

How many people does XSGD employ?

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Employees
101-200

What is the market cap for XSGD?

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Market Cap
$35.86M

Where is the head office for XSGD?

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Head Office
Singapore

What year was XSGD founded?

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Year Founded
2018
What does XSGD specialise in?
/Asset-Backed Stablecoin /Stablecoin /Zilliqa Ecosystem

What are the products and/or services of XSGD?

Overview of XSGD offerings
Decentralized finance (DeFi): XSGD can be used to participate in DeFi applications, such as lending, borrowing, and yield farming.
ISO 27001:2013 certified: XSGD platform is secured by the same, stringent security processes adopted by banks and financial institutions around the world.
Licensed by the Monetary Authority of Singapore (MAS): XSGD is licensed as an Major Payment Institution by the Monetary Authority of Singapore.
Money transfers: XSGD can be used to send and receive money globally at a low cost.
Payments: XSGD can be used to make payments to merchants that accept XSGD.
Returns compounded daily: Earn up to 4% APY on your XSGD. No lock in period. Free, fast and unlimited transfers in and out of XSGD Earn.