StraitsX, a Southeast Asia-based digital asset payment infrastructure, has announced support for the StraitsX Singapore Dollar (XSGD) on the Hedera network. Starting today, users can leverage the StraitsX platform to send and receive XSGD on the Hedera network. XSGD (Hedera) is also expected to be listed on global exchanges in the coming months.

XSGD is said to have seen rapid adoption since its launch in October 2020, with on-chain transaction volume exceeding 7 billion XSGD.