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Singapore beats Hong Kong to debut stablecoin amid crypto fever

CryptocurrenciesXSGD touted for digital payments as Coinbase, Grab pile inSingapore-based payment infrastructure provider StraitsX, the issuer of XSGD, has cited approval from the city-state’s financial regulator to bring out the token. (Nikkei montage/Source photos by Akira Kodaka)October 1, 2025 12:01 JSTSINGAPORE -- Singapore is racing past Hong Kong to debut a cryptocurrency pegged to the city-state's dollar as the rival financial hubs compete to draw digital asset ventures while prices for ...

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