Base Emerges as Benchmark Layer 2 Network as Coinbase Integrates XSGD to Expand Digital Asset Infrastructure

In 2025, Ethereum's Layer 2 (L2) ecosystem has reached a critical inflection point, with Base—Coinbase's L2 solution—emerging as a benchmark for scalability, user adoption, and developer innovation. As of Q3 2025, Base processes 85 transactions per second (TPS) with 2-second block times, capturing 55% of all L2 transaction volume and 67 million weekly transactionsSoutheast Asia Non-USD Stablecoin Market Report Q2 2025: XSGD Dominates^[3]. This growth is driven by strategic integrations, such as the Q4 2024 partnership with Phantom Wallet, which streamlined onboarding for millions of usersBase Chain: New Report Reveals Surge in DeFi and Consumer App Adoption^[1]. By 2025, Base supports $2.532 billion in total value locked (TVL), with cbBTC and Aerodrome Finance anchoring its DeFi ecosystemBase Chain: New Report Reveals Surge in DeFi and Consumer App Adoption^[1].

Coinbase's recent integration of XSGD, a Singapore dollar-backed stablecoin, further cements Base's role as a digital asset infrastructure leader. Launched on September 29, 2025, XSGD is pegged 1:1 to the Singapore dollar and regulated under Singapore's Single Currency Stablecoin (SCS) frameworkBase Chain: New Report Reveals Surge in DeFi and Consumer App Adoption^[1]. This stablecoin, issued in collaboration with StraitsX, is backed by reserves at DBS Bank and Standard Chartered, ensuring compliance and trustCoinbase Partners with StraitsX to Launch XSGD, Singapore’s First ...^[2]. XSGD's availability on Coinbase, Coinbase Advanced, and decentralized exchanges on Base enables fast, low-cost cross-border transactions, reducing reliance on U.S. dollar volatilitySoutheast Asia Non-USD Stablecoin Market Report Q2 2025: XSGD Dominates^[3].

The strategic alignment between Base and XSGD is reshaping the Asia-Pacific (APAC) digital asset landscape. In Q2 2025, XSGD dominated 70.1% of SGD-pegged stablecoin transactions in Southeast Asia, with over 258,000 transactions recordedSoutheast Asia Non-USD Stablecoin Market Report Q2 2025: XSGD Dominates^[3]. By leveraging Base's EVM compatibility and low gas fees, XSGD facilitates real-time settlements for retail and institutional users, including partnerships with Grab and AlibabaSoutheast Asia Non-USD Stablecoin Market Report Q2 2025: XSGD Dominates^[3]. Additionally, the launch of an XSGD/USDC liquidity pool on Aerodrome Finance—Base's central hub—has incentivized traders to swap between fiat-pegged assets, enhancing liquidity and utilityBase Chain: New Report Reveals Surge in DeFi and Consumer App Adoption^[1].

Base's success is also underpinned by its developer ecosystem. Projects like Farcaster and Blackbird have adopted Base for onchain social media and analytics tools, while Coinbase's roadmap includes attracting 25,000 developers and expanding gas capacity to 250 million units per secondSoutheast Asia Non-USD Stablecoin Market Report Q2 2025: XSGD Dominates^[3]. Vitalik Buterin's endorsement of Base as a “benchmark L2 network” highlights its balance between Ethereum's security and user-friendly features like integrated accounts and cross-chain toolingBase Chain: New Report Reveals Surge in DeFi and Consumer App Adoption^[1].

For investors, the synergy between Base's infrastructure and XSGD's adoption signals a shift toward multi-currency stablecoins and institutional-grade DeFi. As of October 2025, Base aims to reach $100 billion in on-chain assets and 25 million users, with XSGD's integration accelerating APAC's transition to permissionless financeSoutheast Asia Non-USD Stablecoin Market Report Q2 2025: XSGD Dominates^[3]. Meanwhile, broader L2 competition—Arbitrum's $19 billion TVL and zkSync's privacy-focused rollups—underscores the necessity of Base's EVM compatibility and Coinbase's fiat on-ramp advantagesBase Chain: New Report Reveals Surge in DeFi and Consumer App Adoption^[1].

In conclusion, Base's emergence as a benchmark L2 and XSGD's strategic integration represent a pivotal step in scaling Ethereum's infrastructure for global markets. For investors, this convergence of scalability, regulation, and real-world use cases positions Base and XSGD as key assets in the evolving digital economy.