Stablecoins are finally stepping into their big-league moment.

StraitsX, a Singapore-based crypto infrastructure provider, has deployed its regulated Singapore dollar-pegged stablecoin, XSGD, on the XRP Ledger. Fully backed by reserves held with DBS Bank and Standard Chartered, and already live on major chains like Arbitrum, Avalanche, and Ethereum, this expansion signals a deeper ambition -programmable, interoperable finance at scale. With over 8 billion onchain transactions and a supply of 14.12 million XSGD, StraitsX is positioning its stablecoin as critical infrastructure for the next era of cross-border financial flows.

XRP Ledger’s low-fee, high-speed rails add further weight to that mission. As Asia’s cross-border e-commerce approaches a projected $4 trillion by 2030 and global cross-border payments near $250 trillion by 2027, the appetite for regulated digital assets is only growing. StraitsX’s upcoming second phase -targeting merchant settlement, programmable payouts, and compliance - cements its focus on enterprise-grade utility.

Meanwhile, regulatory momentum in the U.S. is picking up. The GENIUS Act, aimed at creating a clear framework for USD-backed stablecoins, just passed a crucial cloture vote in the Senate. The bill seeks to ban algorithmic stablecoins outright, enforce full-dollar backing, and introduce annual audits for large-cap issuers, signaling a decisive step toward maturing the market.

Elsewhere in crypto infrastructure, Succinct, a decentralized zero-knowledge proof marketplace, launched its native token, PROVE. Designed to incentivize secure and timely proof generation, PROVE will be staked as collateral by provers, forming the economic backbone of the zk marketplace.

From Singapore’s banking corridors to Capitol Hill and zero-knowledge cryptography, the stablecoin and infra layers of crypto are moving into a higher gear - with regulation, programmability, and utility as the new standards.