DFX is a decentralized foreign exchange protocol optimized for trading fiat-backed foreign stablecoins.XSGD users can connect their wallet to swap XSGD (ERC-20) for 3 other fiat-backed stablecoins, CADC, USDC and EURS at competitive rates.

Uniswap is a decentralized finance protocol on the Ethereum blockchain that is used to exchange cryptocurrencies.‍ XSGD users can connect their wallet to Uniswap to swap XSGD (ERC-20) for ETH, AAVE, USDC and many other assets. Users can also become liquidity providers on Uniswap, where they can earn fees by providing liquidity into XSGD pools.

Xfers has submitted a governance proposal on Aave's community forum for XSGD to be supported on the Aave lending protocol. Aave is a decentralised non-custodial lending protocol where users can participate as depositors or borrowers.

Since we introduced our digital Singapore dollar, XSGD, in October 2020, we have been working hard with partners to enable more XSGD support by different applications.

Since we launched XSGD in October 2020, XSGD has grown to a supply of over 40M with over 300M transactions completed on-chain, becoming the #1 stablecoin in Southeast Asia. We would like to express our heartfelt appreciation to all our users for making this possible.

We are excited to announce the public release of XSGD, the world’s first Travel Rule¹ compliant stablecoin, backed 1:1 with the Singapore Dollar (SGD)!

An enhanced ZRC-2 XSGD contract, more wallets supported and first ERC-20 XSGD tokens minted.