Coinbase Expands Stablecoin Offerings with AUDD and XSGD
Coinbase has expanded its stablecoin offerings, listing AUDD and XSGD globally on September 29, 2025. These are the first Australian- and Singapore-dollar pegged stablecoins available on the platform, providing users worldwide with access to local currency stablecoins.
AUDD and XSGD give users direct onchain access to value denominated in Australian and Singapore dollars respectively. XSGD is a 1:1 pegged mint issued by StraitsX and backed by major Singapore financial institutions. Both stablecoins enable on-chain native FX transactions and improve DeFi opportunities.
Coinbase users in Australia and Singapore can convert AUD ⇌ AUDD and SGD ⇌ XSGD with zero fees. This move aligns with Coinbase's aim to get 'every currency onchain'. Over 70% of Australian and Singaporean crypto users expressed interest in using local currency stablecoins.
The listing of AUDD and XSGD on Coinbase comes amidst a growing interest in stablecoins. The stablecoin market capitalization surpassed $250 billion in June 2025, marking a 50% year-over-year increase. With this addition, Coinbase continues to broaden its stablecoin offerings, providing users with more options to trade and interact with local currencies on the blockchain.
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