Coinbase to Launch AUDD and XSGD Stablecoins on Sept 29, Breaking Dollar Dominance

The post Coinbase to Launch AUDD and XSGD Stablecoins on Sept 29, Breaking Dollar Dominance appeared first on Coinpedia Fintech News

Coinbase is taking a major step to make crypto feel more familiar to everyday users. It announced that it will add two fiat-backed stablecoins, the Australian dollar-based (AUDD) and the Singapore dollar-backed (XSGD) to its trading platform starting September 29, 2025, at 19:00 UTC.

For Coinbase, this isn’t just another token listing, it’s part of a bigger plan to bring a billion people into crypto by letting them transact in the money they already know and use.

Through a blog post, Coinbase reveals that AUDD is issued by AUDC Pty Ltd, fully backed 1:1 by Australian dollar reserves. Meanwhile, XSGD, developed by StraitsX, is tied to the Singapore dollar and recognized by the Monetary Authority of Singapore (MAS).

It also fits into Singapore’s new Single Currency Stablecoin regulatory framework, a rare case of crypto tokens aligning neatly with government rules.

However, this move significantly reduces friction for Australians and Singaporeans converting between fiat and crypto. 

Coinbase is listing two new local stablecoins: