What is XSGD?

XSGD is a stablecoin pegged to the Singapore Dollar, backed by a reserve of Singapore Dollars, and runs on multiple blockchains including Ethereum, Polygon, Hedera, and Zilliqa. It is designed to provide a stable store of value and facilitate cross-border transactions with lower fees. XSGD is fully collateralized and can be used within various DeFi protocols and applications.

How is XSGD used?

XSGD is a stablecoin pegged to the Singapore Dollar (SGD) and operates on multiple blockchain protocols, including Ethereum, Hedera, Polygon, and Zilliqa. It is designed to provide a stable store of value and can be used for various purposes:

1. Cross-Border Transactions: XSGD can be used to remove cross-border transaction fees, making it a more efficient and cost-effective option for international transactions.

2. DeFi Protocols and Apps: XSGD can be used within decentralized finance (DeFi) protocols and applications for trading and providing liquidity.

3. Digital Payments: It can be used as a means of payment for other digital assets and can be spent in real life at exclusive OTC rates with the Wirex card.

1. Stable Store of Value: As a stablecoin, XSGD is designed to withstand volatility, making it a reliable store of value.

2. B2B and Consumer Payments: In the future, XSGD is expected to be used for both business-to-business (B2B) and consumer payments.

Overall, XSGD offers a range of use cases that leverage its stability and the benefits of blockchain technology.