Liquid will be the first cryptocurrency-fiat exchange to offer Singapore dollar stablecoin, XSGD. Together with Xfers, a Singapore-based B2B payment platform, introduce the first-of-its-kind crypto ledger order book powered by the open-source blockchain protocol.
“We are very excited to partner with Liquid, a pioneer in building digital assets markets with a strong APAC presence. Liquid and Xfers’ common approach of offering both high-quality products and high levels of regulatory compliance provided a great platform for collaboration. We are thrilled that Liquid’s many quality markets will become available to XSGD users and Singaporeans through this XSGD listing.”Aymeric Salley, Head of StraitsX, Xfers
The XSGD is an SGD stablecoin that has a 1:1 parity with the Singapore dollar, enabling Liquid users to access the BTC/SGD market easily.
“Our goal is to partner with local regulated stablecoin issuers in various jurisdictions is realized by listing XSGD. Users can easily and quickly deposit their SGD to Xfers, convert to the XSGD stablecoin, realize the power of blockchain by sending to Liquid, and start trading 150+ pairs at Liquid immediately.”
The collaboration between Liquid and Xfers will help customers instantly deposit and convert their SGD and XSGD, as well as participate in the cryptocurrency market together, acting as a gateway to the DeFi ecosystem.
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