Coinbase to Add AUDD and XSGD Globally: Here’s How to Trade Local Currency Stablecoins

On Sept. 29, 2025, at 19:00 UTC, Coinbase will list two new fiat-backed local currency stablecoins: AUDD (Australian Dollar stablecoin) and XSGD (Singapore Dollar stablecoin). 

This listing marks the first time AUD- and SGD-denominated stablecoins will be available on Coinbase globally, expanding access to stablecoins beyond USD-pegged assets.

Stablecoins are rapidly becoming the foundation of digital payments, with over $30 trillion settled in 2024 alone. The addition of AUDD and XSGD reflects a growing demand for stablecoins that are linked to local currencies, reducing reliance on the US dollar and making digital assets more relevant to local economies.

What Are AUDD and XSGD?

AUDD and XSGD provide users with reliable, fiat-backed digital money tied directly to their national currencies. With this listing, Coinbase is expanding beyond USD-denominated assets to stablecoins that reflect the needs of local markets.

AUDD (Australian Digital Dollar)

• Issued by AUDC Pty Ltd
• Fiat-backed and fully collateralized
• Redeemable 1:1 for AUD
• Designed for programmable, institutional-grade finance

XSGD (Singapore Dollar Stablecoin)

• Issued by StraitsX
• Fiat-backed and pegged 1:1 to SGD
• Recognized by the Monetary Authority of Singapore (MAS) under its upcoming Single Currency Stablecoin (SCS) framework
• Both are stable, transparent, and regulated, bridging the gap between traditional currencies and the on-chain economy.

Why Local Currency Stablecoins Matter

Stablecoins are often called the “iPhone moment” of crypto, driving adoption by offering fast, low-cost, and borderless payments. Until now, nearly all stablecoins have been USD-pegged (99% of on-chain money).

But as global FX markets show, not everything revolves around the dollar. Local currency stablecoins like AUDD and XSGD:

• Allow businesses and individuals to transact in their native currencies.
• Remove foreign exchange friction for cross-border trade.
• Enable AI-driven payments and commerce in real time.
• Strengthen the bridge between local economies and global on-chain finance.

For consumers in Australia and Singapore, Coinbase users will be able to convert AUD to AUDD and SGD to XSGD for free, making adoption even easier.

Additionally, an Ipsos survey for Coinbase found that over 70% of crypto owners in Singapore and Australia want to use local currency stablecoins.

How to Trade AUDD and XSGD on Coinbase

Getting started is simple. Once the listing goes live:

1. Log in to your Coinbase account (or create one if you’re new).
2. Deposit AUD or SGD into your account (available for local users).
3. Convert fiat to AUDD or XSGD instantly with zero conversion fees.
4. Trade AUDD or XSGD against other cryptocurrencies or use them for payments.
5. Withdraw back to AUD or SGD anytime, both stablecoins are redeemable 1:1.

Because the listing is global, users worldwide will also be able to trade AUDD and XSGD against other major crypto assets on Coinbase.

Benefits of Trading Local Stablecoins on Coinbase

Coinbase is positioning itself as the most accessible and trusted place to trade AUDD and XSGD globally. For users in Australia and Singapore, one of the most attractive features is the ability to convert AUD to AUDD and SGD to XSGD with zero fees. This lowers the barrier to adoption and makes it easy for everyday users to try stablecoins without additional costs.

Global users benefit from Coinbase’s secure infrastructure, transparent operations, and compliance-first approach. Unlike smaller exchanges, Coinbase offers a reputation for reliability, insurance-backed custody, and a proven track record of meeting regulatory standards across multiple jurisdictions. This makes it an ideal platform for those looking to trade AUDD and XSGD alongside other leading cryptocurrencies.

For traders, AUDD and XSGD also expand the range of trading pairs available, creating new opportunities for diversification and hedging in local currencies. Businesses can take advantage of faster settlement, cross-border payments, and programmable finance tools directly through Coinbase’s ecosystem.

Challenges to Consider

Despite the benefits, there are challenges to watch:

• Liquidity for newly listed local stablecoins may take time to build, meaning spreads could be wider at the start compared to USD-pegged stablecoins. 
• Additionally, adoption will depend on how quickly businesses and consumers embrace AUDD and XSGD in real-world use cases. 
• As with any crypto asset, users should remain mindful of regulatory changes and the evolving nature of the stablecoin market.

Are AUDD and XSGD Regulated? Compliance in Australia and Singapore

One of the biggest factors influencing the adoption of stablecoins is regulatory clarity. Unlike many smaller exchanges or unregulated issuers, Coinbase has emphasized a compliance-first approach, ensuring that new listings like AUDD and XSGD align with local legal frameworks.

AUDD and Australian Oversight

AUDD, issued by AUDC Pty Ltd, is fully backed and redeemable 1:1 for Australian dollars. While Australia is still developing its formal regulatory regime for stablecoins, AUDD has been designed for institutional-grade finance, with transparent collateralization and redemption processes. This positions it to align with expected Australian regulations and global best practices.

XSGD and Singapore’s Regulatory Framework

XSGD is issued by StraitsX and has been acknowledged by the MAS as compliant with the upcoming SCS framework. This framework sets standards for reserve management, redemption guarantees, and operational transparency. As a result, XSGD is positioned as one of the most regulated stablecoins in Asia, offering confidence to both retail users and institutions.

Coinbase’s Role

By listing AUDD and XSGD, Coinbase reinforces its commitment to offering only assets that meet high compliance standards. This ensures users can trade with confidence, knowing their stablecoins are supported by issuers operating under clear or emerging regulatory regimes.

The Bigger Picture

In August 2025, the stablecoin market cap surpassed $280 billion and some analysts predict it could grow to $2 trillion in the next few years. 

With Coinbase onboarding over 1 billion people to crypto as part of its mission, AUDD and XSGD are not just new listings; they’re a blueprint for localized digital money worldwide.

For businesses, stablecoins unlock faster B2B payments, payroll efficiency, and cross-border settlements. For consumers, they bring everyday crypto utility from shopping and remittances to new forms of digital commerce powered by AI.

Conclusion

The launch of AUDD and XSGD on Coinbase isn’t just about adding two new assets. It’s about empowering users to transact in their home currencies while participating in a global on-chain economy.

As the world moves toward digital-first money, local currency stablecoins will be key to mainstream adoption and Coinbase is leading that charge.

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About the Author

Onkar Singh

Onkar Singh has three years of experience as a digital finance content creator. Throughout his career, he has collaborated with various DeFi projects and crypto media outlets. In his leisure time, he enjoys fitness activities at the gym and watching movies across different genres. Balancing his professional and personal interests, Onkar continues to contribute to the digital finance landscape while pursuing his hobbies.

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