SGD is one of those strong currency which are being used by the people around the world to settle since the pandemic. A lot of fintech make use of the SGD to store their offshore currency. As the Dubai gets damaged due to war it is getting normal for the SGD to be more attention. 

StratsX is making use of the stablecoins for launching the coins on the Solana blockchain. This liquidity on and off SGD-USD path going on. Solana blockchain removes the intermediatory for the verification.

Costs on the transactions are also low and also the reserves related issues are not there as the issuance is instant and on the blockchain too. This can be a good direction for settlement and on ramp payments that may help on the fintech companies who settle overseas. 

The lack of bridging and making the most out of the Solana chain makes it more usable. And it makes it easier for the people to use the required stablecoins. You can read more about it on StraitsX article. 

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