Coinbase Launches MAS-Recognised XSGD Stablecoin for Global Payments
Coinbase, a leading global cryptocurrency exchange, has partnered with Singapore-based StraitsX to launch SGD, a Singapore dollar-pegged stablecoin, on its platform. Recognised by the Monetary Authority of Singapore (MAS), SGD is set to revolutionise global payments, starting from October 1, 2025.
Coinbase Singapore's Country Director, Hassan Ahmed, sees SGD as a significant step towards instant and accessible global payments. The stablecoin, launched in partnership with StraitsX on September 29, 2025, is pegged one-to-one with the Singapore dollar and recognised by MAS.
Both Coinbase and StraitsX, licensed Major Payment Institutions in Singapore, will jointly build liquidity pools to facilitate efficient payments and foreign exchange transactions. Users can access SGD on Coinbase, Coinbase Advanced, and Base, with decentralised exchanges on Base also providing access. This marks the first time Coinbase users globally can access a MAS-recognised stablecoin.
The launch of SGD on Coinbase, facilitated by the partnership with StraitsX, is a significant stride towards a multi-currency global financial system. Users can now enjoy the benefits of stable, accessible, and efficient Singapore dollar-backed transactions on a global scale.
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