Coinbase announced the upcoming listing of two new fiat-backed stablecoins: AUDD (Australian Digital Dollar) and XSGD (Singapore Dollar Stablecoin).
Author: Sahil Thakur
25th September 2025 – Coinbase announced the upcoming listing of two new fiat-backed stablecoins: AUDD (Australian Digital Dollar) and XSGD (Singapore Dollar Stablecoin). These will be the first AUD- and SGD-denominated stablecoins supported by the U.S.-based exchange.
This move is part of Coinbase’s broader mission to onboard 1 billion users into crypto by removing fiat conversion hurdles and expanding regional access to crypto-powered finance.
According to an Ipsos survey commissioned by Coinbase, over 70% of crypto users in Australia and Singaporeexpressed a strong desire for local currency stablecoins. This seems to be the main reason for Coinbase listing the AUDD and XSGD. The top concerns were USD conversion fees and FX risks when using crypto.
These stablecoins aim to solve that by offering:
Both tokens will also launch on Base, Coinbase’s Ethereum Layer-2 network, starting September 29, 2025.
To start trading:
This is Coinbase’s most direct move yet to localize crypto access in Asia-Pacific. It follows years of USD stablecoin dominance and paves the way for localized DeFi activity.
Expect to see:
CEO Brian Armstrong emphasized the importance of regional inclusion:
“Local stablecoins will drive local crypto business growth and help onboard many more new people to crypto.”
Community responses across X and Telegram have been largely positive. Analysts flagged potential upside for ecosystems tied to AUDD and XSGD, including $HBAR (which supports Novatti infrastructure) and platforms building on Zilliqa.
Still, some risks remain. For example:
However, Coinbase’s scale and Base integration could rapidly change that.
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