Singapore’s stablecoin market took a step forward this week as Coinbase partnered with StraitsX to launch XSGD, the first Singapore dollar-backed stablecoin recognized by the Monetary Authority of Singapore (MAS). The rollout broadens Coinbase’s stablecoin offering and introduces new cross-border payment options for users. Coinbase said that XSGD will be listed on its global platform, with trading reportedly set to open at 19:00 UTC on 29 September. The stablecoin will be available on both Coinbase and Coinbase Advanced, marking the exchange’s first listing of an SGD-pegged digital asset. “Stablecoins are redefining ... (full story)