Base: Launches XSGD Stablecoin

Jesse Pollak, head of Base, announced the launch of XSGD, the Singapore dollar stablecoin from StraitsX, now live on Base, Coinbase's layer-2 network on Ethereum. This move expands fiat-backed assets on the chain, aligning with Singapore's strict stablecoin regulations that emphasize reserves and compliance, a stark contrast to volatile assets like BTC. Over the past year, Base has solidified as a key Ethereum scaling solution, processing billions in volume while integrating global currencies to drive DeFi liquidity.

Zooming into the 4-hour ETH chart, price action holds bullish above the EMA50 at $2298.74 and EMA200 at $2253.17, acting as rock-solid support levels that buyers defend aggressively. MACD flashes a golden cross at -4.75, signaling strengthening momentum, while RSI at 54.17 stays neutral, avoiding overbought traps. Price dances inside Bollinger Bands, testing upper resistance at $2332.57—a volatility cap that could trigger exhaustion if breached, likely pulling back to lower support at $2229.57 for confluence with the 50-EMA before resuming the uptrend. This setup screams opportunity for layered entries, especially with Base integrations juicing Ethereum ecosystem demand.