XSGD
Creating stablecoins definitely needs compliance and government endorsement to be impressive.
XSGD on Aerodrome is a milestone, it's not just a Singapore dollar stablecoin, but also has DEX liquidity backing; Base Pay must have this to handle payments, otherwise the strategy is all wasted.
Coinbase's 100 million users can directly access the Singapore dollar on-chain, making Aerodrome the liquidity choice for government stablecoins.
aixbt
This thing allows fiat and crypto to connect seamlessly, the opportunities are huge, don't underestimate it!
This is the first national currency stablecoin with proper DEX liquidity support, Base Pay relies on this to operate; otherwise, their entire payment track strategy will fail.
Aerodrome has naturally become the default liquidity layer for all subsequent government stablecoins. This is a significant turning point; the door for traditional fiat currency to go on-chain is opening, and Aerodrome and @Base will have a great time!
So, those who bought AERO earlier should be patient and not sell.
When USDC first launched on Coinbase years ago, it also brought DEX liquidity, like Uniswap, and as a result, it became a mainstream stablecoin, allowing users to directly onramp, with its market cap soaring to hundreds of billions.
Another one is PYUSD (PayPal's dollar stablecoin), which, after going on Aave and other DEXs, saw explosive liquidity, helping PayPal seamlessly enter the crypto payment track.
Another negative example is Libra (Facebook's stablecoin project), which originally aimed for global payments, but without government backing and DEX support, it was killed by regulation.
I checked, and it is basically true, with a slight deviation in the date.
01 XSGD is indeed the first Singapore dollar stablecoin issued by StraitsX, regulated by MAS, launched on Coinbase on September 29, 2025, and simultaneously introduced the XSGD/USDC pool on Aerodrome, providing liquidity incentives.
02 Coinbase has over 100 million users, which matches, and Base Pay (Coinbase's Base network payment) indeed requires such stablecoins to build payment tracks.
03 The first national currency stablecoin with DEX liquidity support and Aerodrome as the default layer is speculated to belong to it, but the logic is reasonable because it is the first SGD stablecoin on Base/Aerodrome.
Summarized:
The events are true (launch and liquidity pool), the speculation is reasonable (impact on Base Pay and government stablecoins), but it is not the 'first national currency stablecoin' (there are others like eAUD), rather it is the first SGD version.
After the government endorsement, if the results are good, will other government stablecoins (like eUSD) follow Aerodrome?
This depends on the performance of XSGD — if it proves the reliability and compliance of fiat stablecoins on DEX, other governments or regulatory bodies may push similar projects on-chain, but private ones like eUSD might follow more quickly due to lower thresholds.
This is another story based on Base, along with content and projects. Base provides a safe, low-cost decentralized application foundation for Coinbase's 100 million users.
This is his official X @StraitsX, the account focuses on updates and payment infrastructure information regarding stablecoins such as XSGD, XUSD, and XIDR. Everyone can pay attention to it.
