SINGAPORE -- Singapore is racing past Hong Kong to debut a cryptocurrency pegged to the city-state's dollar as the rival financial hubs compete to draw digital asset ventures while prices for bitcoin, Ether and other digital tokens boom.
Cryptocurrencies
Singapore beats Hong Kong to debut stablecoin amid crypto fever
XSGD touted for digital payments as Coinbase, Grab pile in
Singapore-based payment infrastructure provider StraitsX, the issuer of XSGD, has cited approval from the city-state’s financial regulator to bring out the token. (Nikkei montage/Source photos by Akira Kodaka)
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