PlatON Integrates XSGD and XUSD by StraitsX.
PlatON, a blockchain network focused on payments, has announced the integration of two stablecoins — XSGD and XUSD — issued by StraitsX. XSGD is pegged to the Singapore Dollar, and XUSD is pegged to the U.S. Dollar. Both are fully backed 1:1 by reserves held in regulated financial institutions such as DBS Bank and Standard Chartered.