Wirex, a crypto-friendly span Data-v-2c67a6d3 =””> business, has increased its offering with six stablecoins. Wirex views the addition as a way to give crypto newcomers great options for digital currency spending. The firm’s renewed commitment to digital currency has been reaffirmed through the new offerings. STASIS EURO, True (TUSD), USD coin (USDC), Tether(USDT), Pax Dollar (USDP), and Singapore Dollar Stablecoins (XSGD) are the six new tokens. These six new stablecoins will be alongside DAI, which Wirex integrated into its platform in 2019.
The company’s latest stablecoin was XSGD. This stablecoin is backed by the Singapore dollar. The StraitsX payment platform now offers the stablecoin. It was created by Xfers Pte Ltd in order to realize the vision of a decentralized, regulated financial system for Singapore. Popular tokens like Chainlink (LINK), Uniswap(UNI) and XSGD will be available to consumers in Singapore. Local users can make a transfer from their bank account to Wirex via StraitsX platform. This will convert the SGD to XSGD.
Pavel Matveev (CEO and Co-Founder) of Wirex spoke about the development. He said that Wirex was founded to make crypto accessible to everyone. Therefore, it is vital to provide a variety of tokens to fit all users regardless of their experience and lifestyle. Stablecoins like XSGD, which are tied to a stable asset that keeps the value consistent over time, are a great choice for people new to crypto. They still offer the benefits of crypto.
Aymeric Salley from StraitsX also commented on the developments. He stated that “At StraitsX we believe ASEAN currencies denominated stabilizecoins will see increasing acceptance and we’re thrilled to see Wirex leading this effort with XSGD being supported now by the Wirex platform.” Wir look forward to Wirex card users being able spend XSGD.