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Anonymous

19 Oct 2021

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Why XSGD instead of IDR/VND?

Why XSGD?

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Aymeric Salley

19 Oct 2021

Hello,

Thank you for your question. XSGD was the first fiat-backed stablecoin issued by StraitsX because of (1) the location of the founding team in Singapore and (2) the clarity offered by a forward-looking regulator (i.e. the MAS).

It is no secret that eventually StraitsX will be issuing fiat-backed stablecoins denominated in various ASEAN currencies.

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