TREE NEWS update: The Monad Foundation said StraitsX plans to natively deploy its Singapore dollar stablecoin XSGD and US dollar stablecoin XUSD on Monad in early 2027, and to explore using the network for stablecoin payments and financial services. The deployment remains subject to technical, regulatory, compliance and partner requirements and has not yet gone live.
StraitsX to Natively Issue XSGD and XUSD on Monad in Early 2027
AI take
The notable part is not another chain adding stablecoins, but that StraitsX's Singapore dollar token is coming natively rather than via a bridge, which matters for how redeemable and auditable the asset is on-chain. Monad gains a regulated-issuer anchor for payments and financial services, a category where issuance credibility, not throughput, tends to decide adoption. The stated caveats around technical, regulatory, compliance and partner conditions mean the early-2027 timeline is the real variable worth watching.
Generated by AI for reference only.
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