Coinbase Listing of XSGD Stablecoin

SEP

Event date

Monday 29 September 2025, UTC

Event description

Coinbase, in partnership with StraitsX, is listing the Singapore dollar-backed stablecoin XSGD on its global trading platform. The listing starts on September 29, 2025, at 19:00 UTC, allowing users worldwide to trade XSGD/SGD pairs on both Coinbase and Coinbase Advanced. This event represents Coinbase's strategic expansion into the Asia-Pacific market with a regulated fiat-backed stablecoin. The listing is digital and accessible through Coinbase's trading platform.

Recent News

The listing was announced on September 24, 2025, marking a milestone as Coinbase strengthens its presence in Southeast Asia by including regulated stablecoins like XSGD. Additionally, XSGD was launched on Base, Coinbase’s Layer 2 Ethereum network, thus improving accessibility. The stablecoin remains stable in price, maintaining its peg to the Singapore dollar.

Future Plans

Coinbase aims to expand its fiat-backed stablecoin portfolio to enhance global trading options and solidify its footprint in the Asia-Pacific crypto ecosystem, focusing on regional regulatory compliance and user diversity.

Onchain Data

No verifiable onchain metrics available.

Community Sentiment

Positive — The community welcomes Coinbase's expansion with XSGD, seeing it as a positive development for stablecoin diversity and crypto adoption in the Asia-Pacific region. Sample community 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 stablecoin listing could affect liquidity and trading volumes on Coinbase. However, as XSGD is pegged to the Singapore dollar, it carries relatively low price volatility risk.

Sources used

XSGD

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