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StraitsX joins Ant International and Grab to enable cross-border payments with PBM for local merchants on Hedera
Uniswap's founder hayden adams decided to charge a fee in the official frontend starting tomorrow
XSGD expands multichain ecosystem with support on Hedera
StraitsX, The Issuer Of XSGD And XIDR Introduces Polygon As Its Third Natively Supported Blockchain
DFX: Decentralized FX for foreign stablecoin - 13m DFX in circulation - 6.5m market cap - Doxxed team - hyper-efficient AMM - Unique bonding curve - Minimized slippage - Optimized capital - Maximal utility!
NEWS: Coinbase has DFX under consideration for Q2! - DFX finance: Bringing foreign stable coins to the market - 13m DFX in circulation - 8m market cap - Doxxed team - hyper-efficient AMM - Unique bonding curve - Minimized slippage - Optimized capital - Maximal utility -
DFX: Decentralized FX for foreign stablecoins - 13m DFX in circulation - 6m market cap - Doxxed team - hyper-efficient AMM - Unique bonding curve - Minimized slippage - Optimized capital - Maximal utility - Actively pursuing first DEX listing.
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tldr; Grab has partnered with payment firm Triple-A to allow users to top up their GrabPay e-wallets using cryptocurrencies. This new payment option supports five cryptocurrencies: Bitcoin, Ether, XSGD, USDC, and USDT. Triple-A, licensed in Singapore, will handle the conversion of digital currencies into dollars instantly. This move is part of a broader trend of companies integrating cryptocurrency as a payment option, reflecting the growing role of digital assets and blockchain in transactions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
No. BTC, ETH, USDC, USDT and SGD stable XSGD.
It’s 0.5 XSGD for incoming transfers greater than 10 XSGD and free when withdrawing SGD to your bank account. > https://support.straitsx.com/hc/en-us/articles/4410446977433-StraitsX-Personal-Account-Transaction-Fee-Schedule I’ve been using straitsx since 2020. I think you’re referring to CDC’s arrangement with what was once known as xfers?
Do you know what is the fee for off-ramping XSGD to sgd?
The issue with XSGD is that there is a fee for off ramping from StraitsX, the provider of XSGD.
Notable quote: >With pragmatic regulation, such stablecoins can operate as an efficient payment option in everyday situations that have nothing to do with crypto trading. The buzzword is purpose-bound money, which can wrap a layer of programming around the value stored as tokens and direct it to a specific end. >Take the case of a Chinese tourist in Singapore. She wants to pay in yuan from her Alipay+ e-wallet, but the merchant only accepts GrabPay. Enter XSGD, a digital form of the Singapore dollar that is privately issued and can be made to fulfill conditions specified by an algorithm. >In this particular example, the computer code will direct Alipay+ wallets to release funds in Singapore, but only for buying goods and services from a merchant that uses GrabPay – a clearly defined purpose. However, once the sellers have received their XSGD tokens and cashed them for equivalent Singapore dollars, they’re free to do whatever they want with the money. >StraitsX, the issuer of XSGD, will close the payment loop by collaborating with Ant Group and Grab Holdings. The Chinese tourists won’t need to deal with Grab, and the Singaporean merchants won’t need to maintain a relationship with Ant.
According to The Block, Uniswap (UNI) plans to apply a 0.15% fee to certain cryptocurrency transactions within the web interface and wallet starting on the 17th (local time). Tokens to which fees apply are ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD. In this regard, Uniswap founder Hayden Adams explained, "This action is separate from UNI Token Governance's proposal to switch the Uniswap protocol fee." The Block Research estimated that applying a 0.15% commission would increase revenue by about $1 million per day.
tldr; Uniswap will start implementing a fee of 0.15% for certain swaps on its web interface and wallet starting on October 17. The tokens affected include ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD. This new fee is separate from the Uniswap Protocol fee switch and is one of the lowest in the industry. The fee is expected to generate around $1 million a day at Uniswap's current volumes. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
XSGD - let’s me on-ramp in Singapore 🤷♂️
USDC. Because it has the most liquidity with XSGD, which I use to on-ramp in Singapore.
They exist on the blockchain. I live in Singapore, so earn SGD. A company called StraitsX takes my SGD and mints XSGD for me at 1:1. I then withdraw that in the ethereum chain, where I can swap it for whatever I want. I don’t ever hold XSGD, no.
USDC. It has the most liquidity with XSGD which is what I use to on-ramp in Singapore.
XSGD - let’s me on ramp easily
Moons, obviously. But also XSGD as it lets me on ramp in my native currency
XSGD - it lets me on ramp easily in singapore
It depends. I live in Singapore and need XSGD which runs on ethereum in order to on ramp.
XSGD. It’s how I on-ramp!
We’re the premier tax haven in Asia. Low income and corporate tax and 0 capital gains tax (apart from property). Not to mention strict rules and regulations enables firms to operate in very clearly defined environment where no means no and yes means yes and there’s no SEC or FBI to twist the rules. As a Singaporean, we have instant bank transfers (instant settlements), crypto SGD (XSGD), multi currency accounts in an almost cashless society.
>XSGD (Hedera) is also expected to be listed on global exchanges in the coming months. That would be swell news, always a huge pump follows after getting listed on major exchanges, and it will be well deserved. Looking at you shitcoins....
There’s lots of stables that no one talks about. INDR is actually already available, issued by the same company running XSGD and arguably more mature since it runs on Polygon and Ethereum and potentially any EVM compatible chain. The unfortunate truth is that no one settles in those currencies. With the ease of exchanging currencies on the blockchain, there’s even less incentive for people to use anything else other than USD. My gut feeling is that these smaller currencies are mainly used for money laundering. Off ramp via these currencies to your respective countries and there’s almost no way anyone could trace it back to its source. To be fair though BTC’s only utility before it’s bull run was to deal drugs so hopefully these smaller currencies turn into something more useful in the future.
yep, most of the times you have to think in $, it slows down adoption. I do know there are some € stables (circle has his own for example) but for small currencies it's a bit messy. And the XSGD case looks nice to me, there are other segments where operators are private and strictly watched . If regulation is done well it shouldn't be a bad thing.
It’s a great first step but dollarisation is quite severe in blockchains. The only way to push for more native currency settlement is if they’re accepted by physical vendors. The good thing about XSGD is that it’s highly regulated, but still run by a private company, making it similar to USDC/USDT, but with greater regulation compared to the SEC. I’ve used it extensively for on/off ramp and it works well for what it’s worth.
Singapore already has XSGD. It’s fairly limited in terms of use though and MAS (Fed equivalent) is quite serious about KYC and AML. It’s major use is enabling traders to on and off ramp to USDC easily via Uniswap. There’s no lending/borrowing platform and no physical vendor accepts XSGD for now.
Notable quotes: . > Fazz financial group’s StraitsX and Grab are testing the issuance of Purpose Bound Money (PBM) with 5,000 trial participants during Singapore Fintech Festival (SFF) as one of four trials under MAS’ Project Orchid. . > Participants will be able to utilise PBM in the form of commercial digital vouchers at selected F&B outlets through their preferred blockchain e-wallet application during the festival. . > This involves accepting StraitsX’s XSGD on the Polygon chain and reflecting the Singapore-dollar pegged stablecoin as SGD in the participating merchants’ GrabPay accounts. .
U have all sorts of stable coins, but lets face it. Fiat backed 1:1 like USDC are the best. Gives u a peaceful sleep ✅ DFX Finance brings foreign stable coins to the market that are also backed 1:1 with fiat 🏦 \#DFX Finance is out there with USDC paired CAD, EUR, NZD, XSGD etc. stables. U can provide liquidity and or stake stables against each other...so hardly any chance on impermanent loss when u pair two stable coins.
U have all sorts of stable coins, but lets face it. Fiat backed 1:1 like USDC are the best. Gives u a peaceful sleep ✅ DFX Finance brings foreign stable coins to the market that are also backed 1:1 with fiat 🏦 \#DFX Finance is out there with USDC paired CAD, EUR, NZD, XSGD etc. stables. U can provide liquidity and or stake stables against each other...so hardly any chance on impermanent loss when u pair two stable coins. U can read more about what these guys are building at https://dfx.finance/
U have all sorts of stable coins, but lets face it. Fiat backed 1:1 like USDC are the best. Gives u a peaceful sleep ✅ DFX Finance brings foreign stable coins to the market that are also backed 1:1 with fiat 🏦 \#DFX Finance is out there with USDC paired CAD, EUR, NZD, XSGD etc. stables. U can provide liquidity and or stake stables against each other...so hardly any chance on impermanent loss when u pair two stable coins. U can read more about what these guys are building at https://dfx.finance/
Why Zilliqa ? \- Layer 1 blockchain tech ✔️ \- Zilswap ( #DeFi ) ✔️ \- Metaverse Metapolis ✔️ \- ethereum bridged \- StableCoin with #XSGD \- GZil Governance token \- partnered with binance \- working with Singapore Governance
XSGD is the Singapore dollar that's on Zilliqa.
Minting takes your bank balance and directly prints XSGD per SGD in your bank. This XSGD goes straight to your wallet address, so it doesn't count towards transfer out. Transfer out is counted as you moving funds out of xfers be it SGD to your bank account or XSGD to a centralised exchange/Blockchain address. If u check your link again, they say 50k SGD daily not yearly.
Inbound is capped at 50k a year. I'm not so sure about the minting, as I believe you can mint only XSGD, and most transactions are done on exchanges, which will require you to do an outbound transfer. https://support.straitsx.com/hc/en-us/articles/4407494407705-StraitsX-Personal-Account-Transaction-Limits
I bet most Singaporeans won't even know this either but Singapore actually has a Singapore Dollar stablecoin XSGD and the issuer is licensed by the Monetary Authority of Singapore, Singapore's equivalent to the central bank. https://www.straitsx.com/sg/about You can actually use XSGD to transact on Uniswap V3. It's a way better alternative than these crypto ATMs. Of course the downside is how much eyes do you want the government to have on your transactions and would a private ATM company that charges u higher fees be more trustworthy? I can see the trade-off here, dumb money wouldn't be aware of how to get into crypto without these prominent ads. I typically dislike the Singapore Govt because of how rigid/conservative they are and how they've been a long term one party rule since existence. But I think they're in the right this time with their approach to crypto, the last thing we need is oldies trying to spend their CPFs or their pensions on crypto to make money without knowing what they're buying and blowing it all on the wrong Bitcoin. Of course, without them actively educating the public, this would just look like a blatant attack on crypto.
XSGD - Singapore stable coin. On Zilliqa and Demex on Switcheo Tradehub.
Xfers Pte Ltd is one of the finalist. You can get SGD stablecoin XSGD through Xfers. I wonder if this will increase its chances. Seems like one of the finalists Bitt is related to Stellar Foundation (XLM)? [https://stellar.org/press-releases/bitt-and-stellar-development-foundation-selected-as-finalists-for-the-global-cbdc-challenge?locale=en](https://stellar.org/press-releases/bitt-and-stellar-development-foundation-selected-as-finalists-for-the-global-cbdc-challenge?locale=en) Will be interesting to see who gets it in the end
There is also a stablecoin (XSGD) which is fully backed 1:1 against the Singapore Dollar and licensed by the Singapore central bank so I would say that Singapore is pretty pro-crypto as compared to other countries.
Zilliqa is not going to go away anytime soon, they are incubated in Singapore as a promising blockchain startup since its launch. They are included in Project Ubin as well partnering with Monetary Authority of Singapore (MAS) and Temasek Holdings, launching Singapore's Stablecoin XSGD on Zilliqa blockchain network, which is currently the third largest traded in volume currency as a stablecoin.
I think ZIL has the potential to survive long term. A few days ago, the project celebrated its 4th anniversary and announced a series of ongoing projects, collaborations, and a roadmap for the future. I think sometimes it's important to look beyond the tokenomics of a token and more of where the project was originated from. Given ZIL's roots is in Singapore, which is a blockchain-friendly country, Zilliqa is actually part of the Singapore blockchain landscape to achieve the goal of being a "Smart Nation", and is included in the "Project Ubin". Since 2016, the Monetary Authority of Singapore, Temasek, and private entities have tested how blockchain technology could be used to clear and settle payments and securities. One of the projects is a Singapore dollar-pegged “stablecoin,” named XSGD and officially launched, which uses the public blockchain **Zilliqa**. I think Zilliqa's vision is great as it focuses a lot on bringing actual users to their platforms, making them user-friendly as possible to an average joe, thus driving transactions and adoption. They emphasise a lot on building an ecosystem to convert coin holders to actual users and thus driving more developers to build apps on their platform.
Yes, if the stablecoin is regulated. For example, you may wish to check out XSGD which is fully backed by the Singapore Dollar (SGD).
That's how they're doing it in Singapore. They built a government backed stable coin on the Zilliqa infrastructure called XSGD that coexists with their fiat. I think this would be the most successful business model synonymous with debit cards versus checks. Sort of a slow transition into an eventual future of no paper money.
The only noon USD coin I know of is XSGD which is tired to South Korean Won
I presume you are referring to only certain stablecoins. There are stablecoins out there which are regulated. For example, check out XSGD - it's a stablecoin pegged to the Singapore dollar and regulated by the central bank of Singapore.
There is also XSGD, 100% backed by SGD (Singapore Dollar). You have to deposit 1 SGD to mint 1 XSGD.
Zil is my biggest bag! It is the first sharding chain & they have a team that delivers on their roadmaps. Poly bridge coming this month! :) Pillar ptotocol eoy, they have staking (13%), Singapore stablecoin XSGD on it, smart contracts too.
I wonder when they will announce which company is awarded the license. Hopefully with this, there will be trading pair for XSGD so I can just trade using SGD.
So funny Zilliqa isn't in the top 10, not just because of this but because of: 1. Xfers XSGD 2. Aqillz / Mindshare on Zilliqa 3. Eth Bridge 4. Mintable 5. KSI / Mr Beast 6. Polaris Partnership 7. Football Stars NFT 8. Darren Till NFT 9. Terrence Crawford NFT 10. Over 20 million transactions to date 11. Smart Contract Sharding forthcoming 12. 14% APY Staking 13. Project Ubin with the Monetary Authority of Singapore 14. HgExchange 15. Zilliqa Capital 16. Top of the line development team and product release 17. Unstoppable Domains 18. \#6 Blockchain in transactions yet somehow ranked marketcap #60? 19. Just joined the Digital Chamber of Commerce of the USA Wake up people, you're busy buying promises from other crypto projects meanwhile Zilliqa has done everything they said they would do and more. They didn't have to do ANY gimmicks whatsoever. Just pure development of the ecosystem to an irreplaceable and irreversible extent. This is the most slept on project in the top 100 hands-down. Just take these developments and the on-chain activity vs marketcap position and you'd be a fool to at least not consider Zilliqa.
USDC BUSD UST EURS XSGD DAI TUSD Also if you're interested in being tracked forever/aren't too attached to your organs, digital yuan.
XSGD, the Zilliqa based Singapore Dollar, is also up.
XCAD initially had me thinking it will be a Canadian dollar stable coin, especially considering the Singapore dollar is XSGD on Zilliqa. As a Canadian I am disappointed to learn it is actually some stupid Twitter hype coin.
Hey if you haven't looked into Zilliqa yet, please do. * first blockchain to truly implement sharding * More than 2000 tx/s * Smart contracts * ETH bridge coming soon * Endorsed by Singaporean govt * Launched official stable coin tied to Singaporean dollar - XSGD * DeFi with Zilswap * Endorsed by Vitalik Buterin. In fact, they worked together on sharding a few years ago. * XCAD- insanely hyped coin is being built on Zilliqa * Massive endorsements by major football stars * Only 2B market cap
I don't usually like to shill coins, but if you haven't been paying attention to Zilliqa, you better start now. One of the first blockchains to successfully implement sharding...its sharding divides the network into smaller groups of nodes making system scalable. Also truly decentralized, no central authority can reverse transactions. More than 2000 tx/s for now and has a fully working model. Not just vaporware. A Singapore dollar-pegged “stablecoin,” named XSGD launched officially on Monday, which uses the Zilliqa blockchain. [Read more here](https://kr-asia.com/the-blockchain-revolution-is-making-inroads-into-singapore)
Zilliqa has XSGD pegged to the Singapore dollar. Cosmos has USDX from KAVA but the USD aspect is having some struggles staying at the peg. Secret Network supports ERC20 options USDC, DAI and USDT as privacy versions. NEAR supports DAI now as nDAI. Ontology also supports DAI, USDC and sUSD to their platform.
Interesting, never used it, but looking good. How about other pairs? Don/t have experience with this, but stuff like XSGD - ZIL looks crazy with 1.6K% APY. Is this legit?
I started with gzil and swapped a little zil to zwap to get started in that pool cuz the rewards are better. Now I am also in XSGD as well cuz it has the best rewards of all.