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Price
$0.69
10/4/2022, 5:08:58 PM
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Market

Market stats

Market cap

$52.6M

Volume (24h)

$321,229.66

Circulating supply

76.6M XSGD

All time high

$1.73

Price change (1h)

+0.12%

Price change (24h)

-1.07%

Price change (7d)

-0.96%

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XSGD is on the decline this week.

The price of XSGD has fallen by 0.96% in the past 7 days. The price declined by 1.07% in the last 24 hours. In just the past hour, the price grew by 0.12%. The current price is $0.694812 per XSGD. XSGD is 59.84% below the all time high of $1.73.

The current circulating supply is 76,598,182.743 XSGD.

About

What Is XSGD (XSGD)?

XSGD (XSGD) is a cryptocurrency that is backed fully with the Singapore Dollar (SGD) developed by the StraitsX platform. XSGD is the digital Singapore Dollar running on the Ethereum and the Zilliqa blockchains. StraitsX is a pioneering payments infrastructure for the digital assets space in Southeast Asia developed by Xfers, a Singapore Fintech. StraitsX aims to establish itself as the platform for digital assets enabling access to digital growth opportunities for everyone. The platform envisions enabling and accelerating digital assets access for individuals and businesses in Asia and all over the world.

As per its website, the StraitsX ecosystem allows swift and safe access to digital assets markets and decentralized finance (DeFi) applications through the StraitsX APIs and stablecoins for both users and businesses. Application Programming Interface, or API for short, is an interface that allows two unrelated systems to interact with each other.

The key features of XSGD are:

  • Regulatory complaint- Issued by Xfers, a licensed Major Payment Institution (MPI) under the e-currency issuance framework.

  • Backed with Traditional Reserve- Each XSGD is fully backed by one Singapore Dollar, held and safeguarded in a Singapore bank.

  • Transparent and Trusted- Each XSGD can be redeemed one-on-one with Singapore dollars on the platform.

  • Multi-chain- XSGD provides speed, scalability, and cost-effectiveness offered by Ethereum and Zilliqa networks.

    XSGD is a stablecoin anchored to the Singapore Dollar and is the native token of the StraitsX platform. XSGD operates on ERC-20 and ZRC-2 token standards. ZRC-2 is a formal token standard for creating fungible tokens on Zilliqa. XSGD has the following use cases:

  • Making near-instant, low-cost transfers of XSGD globally, anytime in a secure manner, without needing a 3rd party.

  • Users can transfer, spend, and receive XSGD with StraitsX ecosystem partners across various blockchains and a wide range of supported applications.

  • Leverage XSGD in DeFi. Swap or provide liquidity with XSGD to take part in the future of finance.

History of XSGD (XSGD)

In 2020, a Singaporean FinTech company StraitsX launched XSGD. Aymeric Salley and Yap Jun Hao lead the StraitsX platform. Aymeric is the head of business operations, and Jun Hao leads the engineering team. XSGD has a total supply of 253,738,190.83 tokens.

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FAQ

What is the current price of XSGD?

The price of 1 XSGD currently costs $0.69.

What is the market cap of XSGD?

The current market cap of XSGD is $52.63M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of XSGD?

The all-time high of XSGD is $1.73. This all-time high is highest price paid for XSGD since it was launched.

What is the 24 hour trading volume of XSGD?

Over the last 24 hours, the trading volume of XSGD is $321.23K.

What other assets are similar to XSGD?

Assets that have a similar market cap to XSGD include Vai, Everipedia, SuperFarm, and many others. To see a full list, see our comparable market cap assets.

How many XSGD are there?

The current circulating supply of XSGD is 77 million.

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