Solana Expansion Announcement StraitsX announced a collaboration with the Solana Foundation to launch both its Singapore Dollar-backed stablecoin (XSGD) and US Dollar-backed stablecoin (XUSD) on the Solana blockchain, with an initial rollout targeted for early 2026 1. This integration aims to leverage Solana's high-speed infrastructure for real-time global payments and digital commerce, and it will mark the first time the SGD and USD ecosystems are deeply bridged on the same chain, fostering unified on-chain FX, AMM liquidity, and lending markets 1. Both stablecoins natively support the x402 standard for automated agent-to-machine payments, positioning them to serve the growing AI-native application economy 1.

Bybit Listing and HODLverse Campaign Bybit listed StraitsX USD (XUSD) on its Spot trading platform, with the XUSD/USDT pair going live on September 10, 2025 23. To accompany the listing, Bybit launched the XUSD HODLverse campaign, running from September 10 to September 16, 2025, offering 60,000 XUSD in rewards split between Mantle (MNT) holders (35,000 XUSD) and XUSD holders (25,000 XUSD) 23. At the time, XUSD had surpassed $1.5 billion in on-chain transactions, underscoring its growing adoption across APAC, MENA, and Latin America 23.

XUSD Market Position and Transaction Volume As of the Solana announcement, StraitsX's XSGD and XUSD had market caps of $13 million and $50 million, respectively, and had processed over $18 billion in total on-chain transaction volume 4. The company is coordinating with exchanges and DeFi protocols to establish deep liquidity pools on Solana, positioning the stablecoins for broader adoption in digital payments and automated online economies 14.