XSGD is a stablecoin designed to represent the Singapore dollar in a digital format, facilitating transactions in both fiat and blockchain environments.

How does XSGD operate?

XSGD allows users to convert between fiat and stablecoins through simple bank or blockchain transfers, supporting innovative payment solutions.

What are the technical characteristics of XSGD?

XSGD operates on multiple blockchain networks, including Ethereum and Polygon, and is categorized as a stablecoin, asset-backed stablecoin, and fiat stablecoin.

What are the risks associated with transferring XSGD?

Users should verify contract addresses and networks before transferring assets, as digital asset prices can be volatile and transfers may be irreversible.

How can I verify the acquisition of XSGD?

Ensure to verify the asset name, network, and contract details before any transfer, and review the custody method for security.

XSGD (XSGD)

Rank #827

Market snapshot

Price: $0.785278
Market cap: $12.0M
24h volume: $1.0M
Circulating supply: 15,272,550.1796
Total supply: 83,617,320.3716
Max supply: N/A

What is XSGD?

XSGD is a stablecoin that aims to provide a digital representation of the Singapore dollar. It is designed to facilitate transactions in both fiat and blockchain environments, ensuring that users can convert between fiat and stablecoins easily. XSGD operates within a licensed stablecoin ecosystem, allowing for compliance with regulatory standards.

How XSGD works

XSGD enables users to convert between fiat currencies and stablecoins through straightforward bank or blockchain transfers. The platform supports global fintechs and institutions in creating innovative payment solutions that are compliant with regulations. The interconnectivity of these capabilities is facilitated through StraitsX ON, which unifies cross-border value movement across various platforms.

Key information

Symbol: XSGD
CMC rank: #827
Network / platforms: Arbitrum, Avalanche C-Chain, Base, Ethereum
Categories: N/A
Date added: Feb 17, 2021

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

Arbitrum
0xE333e7754a2DC1E020a162Ecab019254b9DaB653
Avalanche C-Chain
0xb2F85b7AB3c2b6f62DF06dE6aE7D09c010a5096E
Base
0x0A4C9cb2778aB3302996A34BeFCF9a8Bc288C33b

Key characteristics

XSGD is categorized under multiple tags, including stablecoin, asset-backed stablecoin, and fiat stablecoin, according to CoinMarketCap. It operates on several blockchain networks, including Ethereum, Polygon, Zilliqa, Avalanche C-Chain, Arbitrum, Solana, and XRP Ledger, with stored contract addresses available for each.

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is XSGD?: XSGD is a stablecoin designed to represent the Singapore dollar in a digital format, facilitating transactions in both fiat and blockchain environments.
How does XSGD operate?: XSGD allows users to convert between fiat and stablecoins through simple bank or blockchain transfers, supporting innovative payment solutions.
What are the technical characteristics of XSGD?: XSGD operates on multiple blockchain networks, including Ethereum and Polygon, and is categorized as a stablecoin, asset-backed stablecoin, and fiat stablecoin.
What are the risks associated with transferring XSGD?: Users should verify contract addresses and networks before transferring assets, as digital asset prices can be volatile and transfers may be irreversible.
How can I verify the acquisition of XSGD?: Ensure to verify the asset name, network, and contract details before any transfer, and review the custody method for security.

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