JCN Newswire
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StraitsX announces native XSGD & XIDR on Polygon blockchain

ruth
3 minutes

SINGAPORE, Sep 16, 2022 - (JCN Newswire via SEAPRWire.com) - StraitsX (www.straitsx.com), the leading infrastructure for digital assets in SE Asia, is delighted to announce XSGD & XIDR (Polygon) are now available natively on the StraitsX platform. StraitsX users are able to transfer and mint XSGD & XIDR (Polygon) directly from their StraitsX accounts, while XSGD & XIDR (Polygon) transferred to StraitsX accounts can be seamlessly converted back to SGD.StraitsX users are now able to transfer and mint XSGD & XIDR (Polygon) directly from their StraitsX accounts, while XSGD & XIDR (Polygon) transferred into StraitsX accounts can be seamlessly converted back to SGD.Polygon becomes StraitsX's third officially supported blockchain, after Ethereum and Zilliqa. XSGD & XIDR (Polygon) feature fast and efficient transactions, significantly more cost-effective than on the Ethereum network. A Layer 2 solution, Polygon runs decentralized applications (dApps) built for Ethereum, enabling developers to quickly scale dApps to run on faster, more efficient infrastructure and accelerate access to Web3, decentralized finance (DeFi) and NFT markets.The Singapore dollar-denominated...

ACN Newswire
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StraitsX, the issuer of XSGD and XIDR introduces Polygon as its third natively supported blockchain

indie
3 minutes

Singapore, Sep 15, 2022 - (ACN Newswire via SEAPRWire.com) - StraitsX (www.straitsx.com), the Southeast Asia-based digital asset payment infrastructure, today announced native support for the StraitsX Singapore Dollar (XSGD) and Indonesian Rupiah (XIDR) stablecoins on the Polygon blockchain. Polygon will become StraitsX's third officially supported blockchain, after Ethereum and Zilliqa.Starting today, users can leverage the StraitsX platform to send and receive XSGD & XIDR on the Polygon network.Since its launch in October 2020, XSGD has gained rapid adoption, surpassing over 4.8 billion XSGD in on-chain transactions, making XSGD one of the largest non-USD stablecoins by market capital today. XIDR, launched in November 2021, has also gained significant traction, joining XSGD amongst the largest Southeast Asian stablecoins. Starting today, users can leverage the StraitsX platform to send and receive XSGD & XIDR on the Polygon network.Head of StraitsX, Aymeric Salley said: "We're thrilled to introduce the StraitsX stablecoins in the vibrant Polygon ecosystem, enabling our users to take advantage of the faster settlement times and significantly reduced gas costs."Hamzah Khan,...