StraitsX issues SGD and USD stablecoins XUSD on the PlatON chain

According to Bijie.com, on June 5, according to TheBlock, PlatON has now successfully integrated StraitsX's compliant stablecoins XSGD (1:1 anchored Singapore dollar) and XUSD (1:1 anchored US dollar) issued by StraitsX to its network. Users can freely send, receive and hold XSGD and XUSD on PlatON. With the help of cooperation with many stablecoin issuing institutions and cross-border payment institutions, PlatON will provide XSGD and XUSD with a richer payment scenario, including online and offline payment network access, cross-border remittance services, stablecoin exchange services, etc. StraitsX is the main payment agency authorized by the Monetary Authority of Singapore (MAS). This cooperation with PlatON not only provides XSGD and XUSD with a high-performance underlying infrastructure, but also builds a complete link from stablecoin issuance, cross-border payment to local consumption through collaboration with licensed collection agencies such as Allinpayintl, opening up digital currency acceptance for merchants in Singapore and Hong Kong, allowing stablecoins to be used conveniently and safely in online and offline collection and settlement scenarios.