XRP News Today: StraitsX Launches XSGD on XRP Ledger for Real-Time Payments

On May 20, 2025, StraitsX announced the deployment of its Singapore dollar-backed stablecoin, XSGD, on the XRP Ledger. This move signifies a major advancement in the development of real-time, regulated digital payments infrastructure across Asia, aiming to enhance access to compliant and efficient financial systems.

StraitsX, a prominent digital payment infrastructure provider in Southeast Asia, backed by institutions such as Standard Chartered and DBS, has partnered with Ripple. This collaboration is designed to facilitate faster, more cost-effective, and secure transactions denominated in Singapore dollars, leveraging the advanced capabilities of the XRP Ledger.

In response to this development, a well-known crypto investor, Mr. Man, highlighted the broader implications through a tweet. He presented the XRP Ledger as a central framework within the emerging global financial system, describing it as the core settlement layer that pulses liquidity, compliance, and interoperability across a multi-rail ecosystem.

According to Mr. Man, what is unfolding is not merely a regional deployment of a stablecoin but the continued establishment of a unified global operating structure for finance. He emphasizes that the XRP Ledger is quietly becoming the core settlement layer—a foundation through which liquidity, compliance, and interoperability can move seamlessly across interconnected financial systems.

Mr. Man points out that Ripple has already constructed a robust institutional-grade infrastructure, referencing the RLUSD stablecoin recently launched, along with innovations such as cross-chain liquidity bridges, burn-to-mint protocols, decentralized recovery (DeRec), and multi-party computation (MPC) custody features. These developments collectively support an ecosystem in which stablecoins issued by sovereign-regulated entities, such as XSGD, AUDD, and BBRL, are now being integrated into the XRP Ledger.

He also highlights Ripple’s growing network of wallet tooling and custody solutions through collaborations with Metaco and Hedera, and the firm’s alignment with major financial standard-setting bodies. These components are elevating the XRP Ledger from the status of a traditional blockchain to what he calls a “crossledger liquidity router.”

The tweet further underscores the strategic nature of Ripple’s relationships across the global financial sector. Mr. Man mentions various entities that are aligning to use XRPL as an underlying connectivity and liquidity framework. He argues that XRP is not positioned to compete with other ledgers but to interlink them as a neutral settlement asset.

Mr. Man concludes his analysis by stating that Ripple has successfully built a universal settlement graph, with XRP functioning as the “connective tissue” between different financial networks. The new arrangement in Singapore represents a Global Layer 1 (GL1) designation, where local and international institutions adopt the XRP Ledger not as a peripheral blockchain but as a core infrastructure layer.

As more sovereign-backed stablecoins integrate into the XRPL ecosystem, the foundation for a harmonized, real-time, and compliant global payment network continues to solidify. This development underscores the XRP Ledger's growing role as a core settlement layer in the global financial system, facilitating seamless and efficient transactions across various financial networks.