StraitsX, the issuer of XSGD and XIDR introduces Polygon as its third natively supported blockchain – QNT Press Release

Singapore, Sept 15, 2022 – (ACN Newswire) – StraitsX (www.straitsx.com), the Southeast Asia-based digital asset payment infrastructure today announced native support for the StraitsX Singapore Dollar (XSGD) and StraitsX Indonesian Rupiah (XIDR) on the Polygon blockchain. Polygon will become StraitsX’s third officially supported blockchain, after Ethereum and Zilliqa.

Since its launch in October 2020, XSGD has gained rapid adoption, surpassing over 4.8 billion XSGD in on-chain transactions, making XSGD one of the largest non-USD stablecoin by market capital today. XIDR, introduced in November 2021, has also gained significant traction, joining XSGD as one of the largest Southeast Asian stablecoins.

Starting today, users can leverage the StraitsX platform to send and receive XSGD & XIDR on the Polygon network.

Head of StraitsX, Aymeric Salley said: “We’re thrilled to introduce the StraitsX stablecoins in …