In a major development for the Ripple ecosystem, Singapore-based payment infrastructure provider StraitsX has officially launched its Singapore dollar-pegged stablecoin, XSGD, on the XRP Ledger (XRPL).
This move, part of a broader strategic partnership with Ripple, is set to enhance XRP’s role in cross-border payments and real-world asset tokenization.
Regulated Stablecoins Gain Traction on Ripple Ledger
XSGD’s integration into the XRP Ledger comes amid a growing global push for regulated, multi-chain stablecoins. As financial institutions and fintech firms seek trusted digital currencies for seamless, real-time transactions, Ripple XRP news is once again at the center of attention.
StraitsX has launched its Singapore dollar-pegged stablecoin, XSGD, on the XRP Ledger to enhance cross-border payment solutions. Source: JackTheRippler via X
“At StraitsX, we’ve always approached stablecoins not just as digital representations of fiat, but as critical infrastructure for the future of financial markets,” said Liu Tianwei, Co-Founder and Deputy CEO of StraitsX. “Launching XSGD on the XRP Ledger is a meaningful step toward that vision—an expansion of interoperability, programmability, and access across networks that were purpose-built for real-world value exchange.”
StraitsX, a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS), began issuing XSGD in 2020. The token is fully backed 1:1 by reserves held with DBS Bank and Standard Chartered, ensuring high levels of trust and stability.
XRP Ledger Chosen for Speed, Scale, and Compliance
The deployment of XSGD on the XRP Ledger is being hailed as a strategic choice. XRPL’s fast, secure, and scalable blockchain infrastructure is specifically designed for the tokenization of both crypto-native and real-world assets. The integration allows institutions and developers to make cross-border payments, on-chain settlements, and programmable financial flows using XSGD.
StraitsX has launched its regulated Singapore dollar stablecoin, XSGD, on the XRP Ledger, enabling fast and low-cost transactions on Ripple’s efficient Layer 1 blockchain. Source: StraisX via X
The growth is a reflection of Ripple’s growing footprint in the digital payments space in Asia. Cross-border trade in the continent is expected to reach over $4 trillion by 2030, and there has never been a greater demand for programmable and compliant financial infrastructure.
“StraitsX’s launch of XSGD on the XRP Ledger highlights that digital assets, including stablecoins, can be a central part in payments,” said Fiona Murray, Managing Director for Asia Pacific, Ripple. “We are honored to work with visionary partners like StraitsX in establishing the foundation for open, enterprise-grade payments’ future in Singapore and beyond.”
Institutional Rollout Planned for June
The partnership has already started. StraitsX is scheduled to launch its second phase in June 2025, with a concentration on institutional-grade use cases. It will add features such as programmable payouts, merchant settlements, and compliance-ready integrations, adding to Ripple’s market traction further.
These innovations are meant to transfer the speed and interconnectedness of digital assets into the complex operating needs of banks and regulators. It’s part of Ripple’s overall vision for pushing enterprise-scale adoption of blockchain technology, particularly where legacy technology has lagged behind.
Ripple’s technology, which often surfaces in Ripple lawsuit reports and finance innovation updates, does away with the need for pre-funded accounts, therefore reducing settlement delay and expense. As Ripple fights on in the current XRP lawsuit against the SEC, such strategic alliances reflect the firm’s grit and forward drive.
XSGD’s Growing Multi-Chain Reach
Before its debut on the Ripple ledger, XSGD was already active across major blockchain ecosystems, including Ethereum, Avalanche, Arbitrum, Polygon, Hedera, and Zilliqa. With a circulating supply exceeding 14 million tokens and over 8 billion transactions recorded, XSGD has demonstrated both liquidity and utility in real-world applications.
Ripple (XRP) was trading at around $2.34, up 1.07% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin
By expanding to XRPL, StraitsX reinforces its commitment to building a more open and interconnected financial infrastructure. It also adds a regulated fiat-backed asset to the Ripple exchange environment, potentially improving liquidity and utility for XRP holders.
Final Thoughts
This latest Ripple news marks a significant step toward mainstream adoption of regulated digital currencies. As Ripple continues to expand its global influence despite ongoing XRP SEC lawsuits, partnerships like this demonstrate the practical utility of XRP and the broader Ripple ecosystem.
The XSGD launch on XRPL not only strengthens Singapore’s position as a fintech leader but also showcases Ripple’s potential to power next-generation financial services. With institutional rollouts on the horizon, both the Ripple currency price outlook and XRP price prediction may see renewed optimism from investors closely tracking real-world adoption.
As Brad Garlinghouse and Ripple push forward through legal and regulatory battles, the focus remains clear: deliver compliant, fast, and borderless financial tools that unlock real value.
