according to CoinDesk, crypto infrastructure provider StraitsX has launched its stablecoin XSGD, anchored to the Singapore dollar, on the XRP Ledger (XRPL) to meet the growing demand in the market for regulated, real-time cross-border payment supported multi-chain stablecoins.

Digital asset developers, fintech companies, and financial institutions can utilize XSGD for cross-border transactions, on-chain settlements, and creating programmable financial processes. XSGD is supported by Ripple's decentralized public blockchain XRPL.