Xave Finance
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  • Introduction
  • General FAQs
  • Guides
    • How to Connect Your Wallet
    • How to Supply Liquidity
      • How to Add Liquidity to FXPools
      • How to Remove Liquidity from Xave Liquidity Pools
    • How to Use Xave Strategies
      • How to Deposit to xSGD Thetanuts Strategy
      • How to Withdraw from xSGD Thetanuts Strategy
    • How to Swap
    • How to Lend
    • How to Borrow
    • How to Repay
    • How to Withdraw
    • How to Vote for Xave's Gauges in Balancer using veBAL
      • How to get B-80BAL-20WETH
      • How to Lock veBAL
      • How to Vote for a Liquidity Gauge for Xave's Pool
    • How to Earn BAL Rewards
      • How to Stake into a Liquidity Pool's Gauge
      • How to Unstake from a Liquidity Pool's Gauge
      • How to Claim BAL Rewards
    • How to Claim XSGD Rewards
    • How to Test PHPT:USDC on Sepolia Testnet
  • Product Overview
    • FXPools
      • Pool Operator FAQs
      • Invariant FAQs
    • Lending Market
    • Xave Strategies
      • Strategy # 1: Thetanuts
      • Strategy # 2: USDC Lending
  • Tokenomics
    • XAV
    • XAV Tokenomics
      • XAV MultiSigs
      • Claim Portal for Prior Community Supporters
    • Governance
  • Contract Addresses
  • TOKEN LAUNCH
    • XAV Launches and Exchange Listing
  • Future
    • Roadmap
    • FXMetaPool
  • Contract Audits
    • Overview
    • Price Oracles Final Audit
    • FXPool Final Audit
    • Lending Market
    • Standard Operating Procedure for Security
  • Liquidity Provider and Protocol Fees
    • Avalanche Pools
    • Ethereum Pools
    • Polygon (POS) Pools
  • List of supported Stablecoins
    • 🇸🇬XSGD
    • 🇺🇸USDC
    • 🇪🇺EUROC
    • 🇪🇺EURS
    • 🇬🇧GBPT
  • Socials
    • Twitter
    • Medium
    • Discord
    • Github
  • Branding Assets
    • Xave Finance Brand Assets
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  1. List of supported Stablecoins

XSGD

Last updated 2 years ago

Official Site:

What is XSGD?

XSGD is a Singapore Dollar StableCoin, backed 1-to-1 with the Singapore dollar, with Onchain Custodian acting as an independent, insured, third-party custodian. The custodian uses IBM FIPS 140-2 Level 4 Hardware Security Modules to ensure that the XSGD stablecoins are secured by the highest level of cybersecurity to date. The funds in custody are insured by Lloyds' of London underwriters.

Who is the issuer entity and what is the governing regulation/license?

Xfers Pte Ltd. is the holder of a Major Payment Institution license for e-money issuance (XSGD) under the Payment Services Act. With this license, Xfers is able to mint xSGD token on the Ethereum blockchain equivalent to the amounts of Singapore Dollars held in segregated accounts.

The issued stablecoin contracts on Ethereum have been audited by Quantstamp.

Where can I purchase XSGD?

Currently, Singapore-based users can acquire XSGD directly on the Xfers platform and through its network of partners. For non-Singaporeans, XSGD can be acquired from decentralised exchanges or through partners, such as Indodax, which supports an XSGD/IDR pair and CEX.IO, which supports an XSGD/USD pair. For Singaporeans: Step 1: Add your blockchain address to get it verified and complete the verification process

Step 2: Deposit Funds in the Digital Goods wallet by Bank transfer

Step 3: Withdraw XSGD to your personal blockchain address

For non-Singaporeans, XSGD can be acquired from decentralised exchanges that consists of XSGD pairings.

XSGD can be used in various exchanges which includes Coinhako, Crypto.com Singapore, Liquid, Tokenize Exchange, Sparrow Exchange and QCP Capital.

Links

More details can be found ​

To mint/redeem: Visit

​​

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🇸🇬
here.
Xfers
CoinGecko
Etherscan
https://www.xfers.com