Product Updates

StraitsX stablecoins, XSGD and XIDR, are 100% backed by fiat reserves and remain redeemable at parity for their respective ASEAN currencies on StraitsX. Price stability mechanisms for stablecoins differ greatly from each other – single-currency tokens, or fiat-backed stablecoins may prove to be the most stable, compared to uncollateralised tokenised products, multi-currency, or non-fiat coins.

We are pleased to share that the February 2022 and March 2022 attestation reports are now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens.

Enjoy fee-free block trades of XSGD, XIDR, USDC, USDP and BUSD. Receive an exclusive StraitsX branded Ledger Nano S when you make a total trade of 500,000 USD with StraitsX OTC within 2022!

Receive or pay out XSGD/XIDR in real time using Sablier's money streams!

The StraitsX OTC desk offers fee-free block trades of XIDR with other stablecoins including XSGD, USDC, USDP and BUSD. Trades start from IDR 500,000,000 and receive your desired stablecoin direct to your StraitsX account or your preferred blockchain address. 

Scammers claiming to be from StraitsX are prowling on social media. Stay safe by knowing what to look out for!

To celebrate the launch of XIDR and our expansion into Indonesia, we’re excited to announce the start of our XIDR Airdrop Campaign. Up to 4,000 new StraitsX Indonesia personal account users can qualify for an airdrop of 50,000 XIDR!

ZilSwap is a fully on-chain, decentralised exchange running on the Zilliqa blockchain. XIDR users can connect their wallet to ZilSwap to swap XIDR (ZRC-2) for ZIL, and many other assets.

We are excited to announce that Business Accounts are now available for our Indonesian businesses! With the StraitsX Business Account, businesses in Indonesia will be able to mint and redeem XIDR as well as build with XIDR with advanced account management.

DFX is a decentralised foreign exchange protocol optimized for trading fiat-backed foreign stablecoins. XIDR users can connect their wallet to swap XIDR (ERC-20) for USDC and other stablecoins at competitive rates.

We are happy to share that XSGD is now available on Wirex, a leading digital payments platform. ‍Backed 1:1 to the Singapore dollar, XSGD was chosen as Wirex’s first APAC-based stablecoin, as it ties into the company's focus on promoting a safe and trusted crypto sector. Users will be able to deposit XSGD onto the Wirex platform and spend XSGD via the Wirex card to earn Cryptoback™ rewards.

Uniswap is a decentralised finance protocol on the Ethereum blockchain that is used to exchange cryptocurrencies. XIDR users can connect their personal wallet to Uniswap to swap and provide liquidity for XIDR (ERC-20) for ETH, USDC, XSGD and many other assets.