Sure 1000% Huat Kah Liao…Singapore launches its first Stablecoin , samsters dun miss the Mega Huat Big Big Boat de woh

[k1976]

Singapore dollar-backed XSGD stablecoin to launch on Coinbase on Sep 30​

Coinbase users will get access to XSGD through the crypto exchange’s partnership with issuer StraitsX

Summarise

Shikhar Gupta​

Published Wed, Sep 24, 2025 · 10:00 AM

• Coinbase and StraitsX say that the access to XSGD through the exchange in Singapore will provide local entrepreneurs with greater access to the global financial system. PHOTO: BLOOMBERG

[SINGAPORE] Coinbase users in Singapore and across the world will gain access to the first Singapore dollar-backed stablecoin from next week.

Users of Coinbase and Coinbase Advanced will be able to purchase XSGD from 3 am in Singapore on Sep 30 thanks to a partnership between Coinbase and XSGD issuer StraitsX, said the two companies on Wednesday (Sep 24).

Stablecoins are a type of cryptocurrency that aim to limit price volatility by pegging their value to a currency, commodity or financial instrument. They make up about 7 per cent of the crypto market share, according to BlackRock.

 

[k1976]

​

Singapore and Hong Kong have both been angling to secure a piece of the US$250 billion stablecoin market through regulatory measures.

The XSGD stablecoin is fully backed 1:1 by reserves held with DBS Bank and Standard Chartered. It will facilitate faster, cheaper and more accessible financial services by enabling real-time local and cross-border payments, said Coinbase and StraitsX.

Cross-border commerce in Asia is expected to surpass US$4 trillion by 2030, said blockchain and crypto solutions firm Ripple in May. It had added that regulated stablecoins such as XSGD were crucial to enabling real-time, transparent and compliant value exchange across markets.

 

[k1976]

Bitcoin could join gold on central bank balance sheets in the future, Deutsche Bank says​

Francisco Velasquez
Tue, September 23, 2025 at 3:11 AM GMT+8 3 min read

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Gold (GC=F) and crypto are performing very differently in the short term — but one firm says the two could thrive side by side in the years ahead.

"There is room for both gold and Bitcoin to coexist on central bank balance sheets by 2030," Deutsche Bank analysts Marion Laboure and Camilla Siazon wrote in a recent note.

That bullish outlook comes after bitcoin (BTC-USD) fell sharply on Monday, slipping below $113,000 after briefly topping $123,500 in August. Meanwhile, gold surged to a fresh all-time high of $3,703 per ounce, posting its biggest yearly gain in over four decades.

 

[jsctan]

Does it mean the physical dollar will rise in value?

 

[k1976]

 

[k1976]

Everybody will be a Cypto Millionaires after selling their million dollar HDB Pigeon holes?

 

[k1976]

Tether CEO confirms major capital raise at a reported $500 billion valuation​

PUBLISHED TUE, SEP 23 20255:18 PM EDTUPDATED 28 MIN AGO


PUBLISHED TUE, SEP 23 20255:18 PM EDTUPDATED 28 MIN AGO

Pia Singh@IN/PIASINGH72/@PIA_SINGH_

Dylan Butts@IN/DYLAN-B-7A451A107
WATCH LIVE
KEY POINTS

• Tether, the issuer of the world’s largest stablecoin, is evaluating a major fundraising round, its CEO Paolo Ardoino, has confirmed.
• The deal could reportedly put the crypto company’s value on par with OpenAI.
• The crypto company is looking to raise between $15 billion and $20 billion in exchange for a roughly 3% stake through a private placement, a report said.

Venezuelan Bolivar and U.S. Dollar banknotes and representations of cryptocurrency Tether are seen in this illustration taken Sept. 8, 2025.
Dado Ruvic | Array

Tether, the issuer of the world’s largest stablecoin, is evaluating a major fundraising round, its CEO Paolo Ardoino, has confirmed, in a deal that could reportedly put the crypto company’s value on par with OpenAI.

The El Salvador-based company is looking to raise between $15 billion and $20 billion for a roughly 3% stake through a private placement, according to a Wednesday report from Bloomberg News, citing two individuals familiar with the matter.

 

[k1976]

Soon after that report, Ardoino confirmed plans to fundraise on his official X account, saying that Tether was “evaluating a raise from a selected group of high-profile key investors.”

The funds would “maximize the scale” of Tether’s strategy across existing and new business lines by “several orders of magnitude,” he added. Those business lines include stablecoins, distribution ubiquity, artificial intelligence, commodity trading, energy, communications and media.

The transaction would involve new equity rather than existing investors selling their stakes, sources told Bloomberg.

The report said one person close to the matter warned that the talks are in an early stage, which means the eventual details, including the size of the offering, could change.

However, the deal could ultimately value Tether at around $500 billion, according to the report. That would mean the crypto giant’s valuation would rival some of the world’s biggest private companies, including SpaceX and OpenAI. OpenAI’s fundraising round earlier this year valued the tech company at $300 billion.




Tether, which was once accused of being a criminal’s “go-to cryptocurrency,” has been furthering its plans to return to the U.S. in recent months, given President Donald Trump’s pro-crypto stance. The company, earlier this month, named a CEO for its U.S. business and for businesses and institutions in the U.S. called USAT, which will be regulated in the U.S. under the GENIUS Act.

Stablecoin USD Tether (USDT) is pegged to the U.S. dollar with a market cap that recently surpassed $172 billion. In second place is Tether rival Circle’s USDC stablecoin, which is worth about $74 billion.

 

[Loofydralb]

One step towards wiping off your dollar debts.
Be forewarned.

 

[k1976]

One step towards wiping off your dollar debts.
Be forewarned.

Good observations

 

[PatriotMissile2025]

At least this stablecoin is legit 1:1 unlike Bitcoin building castles in the air.

 

[k1976]

One step towards wiping off your dollar debts.
Be forewarned.

Gold Dinar for u boss?

 

[Chase]

designed for money laundering, without paper trail

 

[ftan42]

Singapore is set to launch its officially backed stablecoin, XSGD, on Coinbase on September 30.
The XSGD is fully backed 1:1 by Singapore Dollar reserves held in reputable banks, including DBS and Standard Chartered.
This new digital currency enables users to conduct transactions and manage their digital assets directly in the local currency, streamlining the process and minimizing the need to convert to USD-backed stablecoins first.

 

[k1976]

designed for money laundering, without paper trail

Cik Syed Big boss leh…must give some face lah

 

[k1976]

At least this stablecoin is legit 1:1 unlike Bitcoin building castles in the air.

Dun say like that….many believe castle can act cheerily floating in air de woh

 

[k1976]

Becum 昭南岛Banana Notes or if we can live long enough it will becum 古董

** most old fuck who seen it before already in Better Place Ler

Does it mean the physical dollar will rise in value?

 

[jsctan]

Becum 昭南岛Banana Notes or if we can live long enough it will becum 古董

** most old fuck who seen it before already in Better Place Ler

But the physical dollar note will become scarce. One day, computer down, digital money wiped out or hacked. Then hosey Liao.

 

[Hightech88]

Stop reading at 'coinbase' and 'stablecoin' which is still linked to a ranjiao high risk private crypto exchange.

Wait for the real McCoy MAS digital currency CBDC better lah...:
----------------

---

1. XSGD (Private Stablecoin)​

• Issuer: StraitsX (a private company, licensed by MAS as a Major Payment Institution).
• Backing: Every XSGD is backed 1:1 by Singapore dollars held in bank accounts (DBS, Standard Chartered).
• Regulation: Governed under MAS’s Single Currency Stablecoin (SCS) framework. MAS enforces reserve requirements, redemption rights, disclosures.
• Purpose:
  • Use in crypto trading, DeFi, remittances, cross-border payments.
  • Programmable finance in Web3.
• 
  
• Risk:
  • Depends on the company’s operational integrity and the safety of the banks holding reserves.
  • If issuer fails, MAS framework provides some protection, but it’s not “risk-free.”

---

2. Digital Singapore Dollar (CBDC)​

• Issuer: Directly from MAS (the central bank).
• Backing: It’s literally central bank money — just a digital version of SGD cash.
• Regulation: Full sovereign guarantee (legal tender). No intermediary risk.
• Purpose:
  • Retail CBDC: a digital alternative to cash for the public.
  • Wholesale CBDC: for banks and institutions to settle instantly in the interbank system.
    Risk:
    • Almost zero credit risk, since it’s MAS liability.
    • Main issues are cyber resilience, privacy, and how it affects banks (e.g., if people shift deposits from banks into CBDC too much).

---

Key Differences​

Aspect	XSGD Stablecoin	Digital SGD (CBDC)
Issuer	StraitsX (private)	MAS (central bank)
Backing	SGD in bank reserves	Direct MAS liability
Legal Tender	No (not mandatory for merchants)	Yes (merchants must accept)
Trust Source	Trust in issuer + MAS regulation	Trust in Singapore Govt / MAS
Use Case	Crypto, DeFi, cross-border payments	Everyday payments, settlement infrastructure
Risk	Issuer risk, bank risk, blockchain risk	Cyber risk, bank disintermediation
Speed of Adoption	Already live, market-driven	Slow, depends on MAS policy decision

---

Why MAS hasn’t rushed into a CBDC​

• MAS has said multiple times that a retail CBDC isn’t urgent in Singapore.
• Reasons:
  • SGD payments system is already efficient (FAST, PayNow, SGQR).
  • Risks of destabilizing banks (if deposits shift into CBDC).
  • Privacy concerns (CBDC can be traceable).
• But MAS is experimenting with wholesale CBDCs for cross-border settlements with other central banks (e.g., Project Dunbar with Australia, Malaysia, South Africa, BIS).

---

In summary:

• XSGD = private, MAS-regulated “tokenized SGD,” useful for crypto/DeFi and cross-border transfers.
• Digital SGD (CBDC) = potential future “state-issued e-money,” direct MAS liability, risk-free, legal tender.
• Both can coexist: XSGD thrives in crypto/DeFi space, while a CBDC would underpin national payment infrastructure.
• -----------------------------

 

[face the facts]

innocent greedy morons, please wake the fuck up before your parents have to bail you out with their life savings
move fiat money to stablecoin and when everyone is in....devalue the stablecoin by 50%......US national debt less by 50%...., fucking yankees