XSGD is the fully collateralized Singapore Dollar stablecoin, powered by open-source blockchain protocols. All Xfers issued SGD-backed stablecoins have 1:1 parity with Singapore Dollar. On our platform, your Digital Goods Wallet balance is denominated in SGD. You may credit or debit this balance in the form of XSGD or SGD. XSGD tokens are available on two distinct blockchain protocols: XSGD (ERC-20) tokens run on the Ethereum blockchain as ERC-20 tokens and can be stored with any ERC-20 compatible wallet. XSGD (ZRC-2) tokens run on the Zilliqa blockchain as ZRC-2 tokens and can be stored with any ZRC-2 compatible wallet. Xfers verified users can seamlessly convert their XSGD (ERC-20) into XSGD (ZRC-2) tokens and vice versa by depositing tokens into their Xfers deposit address, then withdrawing their SGD balance on a different blockchain.
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