Hello,
Thank you for your question. XSGD combines the stability of the Singapore Dollar with the flexibility of blockchain-enabled digital assets.
Thanks to its characteristics, XSGD has many existing and potential long-term use cases. As the digital asset space is constantly evolving, current use cases are distinct from future ones. Key adoptions include but are not limited to:
Frictionless settlements
Using XSGD helps businesses settle transactions instantly 24/7 in a trusted and secure manner without the need for a 3rd party clearing agent. It mitigates friction by reducing transaction costs and time.
Store of Value
Given that XSGD is fully collateralized one-for-one with the Singapore Dollar (SGD), it can be reliably used as a store of value in digital assets markets.
Access to Digital Assets markets
XSGD serves as an on-off ramp to Digital Assets markets, making trading faster and safer for ASEAN-based institutions and individuals. It provides a digital form of liquidity and funding while introducing a new standard for volatility protection.
Payments & Micropayments
As XSGD runs on open-sourced protocols, the token is interoperable and can be used as a form of payment across different systems. XSGD is also counted out to six decimal places, enabling micropayments while addressing a challenge faced by fiat-based digital payment systems.
Hello,
Thank you for your question. XSGD combines the stability of the Singapore Dollar with the flexibility of blockchain-enabled digital assets.
Thanks to its characteristics, XSGD has many existing and potential long-term use cases. As the digital asset space is constantly evolving, current use cases are distinct from future ones. Key adoptions include but are not limited to:
Frictionless settlements
Using XSGD helps businesses settle transactions instantly 24/7 in a trusted and secure manner without the need for a 3rd party clearing agent. It mitigates friction by reducing transaction costs and time.
Store of Value
Given that XSGD is fully collateralized one-for-one with the Singapore Dollar (SGD), it can be reliably used as a store of value in digital assets markets.
Access to Digital Assets markets
XSGD serves as an on-off ramp to Digital Assets markets, making trading faster and safer for ASEAN-based institutions and individuals. It provides a digital form of liquidity and funding while introducing a new standard for volatility protection.
Payments & Micropayments
As XSGD runs on open-sourced protocols, the token is interoperable and can be used as a form of payment across different systems. XSGD is also counted out to six decimal places, enabling micropayments while addressing a challenge faced by fiat-based digital payment systems.