Coinbase Listing of XSGD Stablecoin
SEP
29
Event date
Monday 29 September 2025, UTC
Event description
Category: Exchange
Coinbase, in partnership with StraitsX, is set to list the Singapore dollar-backed stablecoin XSGD on its global trading platform starting September 29, 2025, at 19:00 UTC. This listing enables worldwide trading of XSGD/SGD pairs on both Coinbase and Coinbase Advanced, marking Coinbase's strategic entry into the Asia-Pacific market with a regulated fiat-backed stablecoin.
This event is a digital stablecoin listing hosted by Coinbase in collaboration with StraitsX. It offers users global access to trade XSGD paired with SGD, reinforcing Coinbase's expansion within the Asia-Pacific region. Trading begins September 29, 2025, at 19:00 UTC via Coinbase's standard and advanced trading platforms.
Recent News
Announced on September 24, 2025, the listing highlights Coinbase’s drive to strengthen its presence in Southeast Asia by supporting regulated stablecoins like XSGD. Furthermore, XSGD was launched on Base, Coinbase’s Ethereum Layer 2 network, enhancing accessibility for users. The stablecoin maintains a stable peg to the Singapore dollar.
Future Plans
Coinbase aims to broaden its fiat-backed stablecoin offerings to diversify trading options globally and fortify its foothold in the Asia-Pacific crypto ecosystem. Emphasis is placed on complying with regional regulations and catering to a diverse user base.
Onchain Data
No verifiable onchain metrics available.
Community Sentiment
Positive — The community views Coinbase's listing of XSGD favorably as a meaningful step towards enhancing stablecoin diversity and adoption in the Asia-Pacific region. Sample reactions include: "Great to have XSGD on Coinbase!", "Expands trading options for Asia users", and "Looking forward to more Asia-Pacific integrations".
Risk Disclaimer
This listing may influence liquidity and trading volumes on Coinbase. However, given XSGD’s peg to the Singapore dollar, price volatility risks are relatively low.
Sources used
- https://x.com/StraitsX/status/1970691956029403483
- https://www.financemagnates.com/cryptocurrency/coinbase-to-list-first-singapore-dollar-stablecoin-in-collaboration-with-straitsx/
- https://www.businesstimes.com.sg/wealth/crypto-alternative-assets/singapore-dollar-backed-xsgd-stablecoin-launch-coinbase-sep-30
- https://www.coinbase.com/price/xsgd
- https://fintechnews.sg/119064/digitalassets/coinbase-straitsx/
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