Coinbase Adds First AUD and SGD Stablecoins With Global Launch

Coinbase is expanding its stablecoin offering by introducing two new local currency tokens, AUDD and XSGD, which will be listed globally starting September 29 at 19:00 UTC.

The move marks the first time Australian dollar (AUD) and Singapore dollar (SGD) stablecoins will be available on the exchange, underscoring Coinbase’s push to make digital money more accessible for everyday use.

Local currencies meet onchain adoption

Stablecoins have quickly become the backbone of digital payments, settling more than $30 trillion in transactions last year alone. While most of the market is denominated in U.S. dollars, Coinbase says local currency stablecoins are key to bridging the gap between crypto and daily financial life. By offering AUDD and XSGD, the company aims to remove the friction of foreign exchange conversions, allowing users in Australia and Singapore to transact in their native currencies directly onchain.

Coinbase’s own survey with Ipsos revealed that more than 70% of crypto owners in these two markets are interested in using local currency stablecoins. With the new listings, users will be able to convert AUD to AUDD and SGD to XSGD free of charge, opening up smoother access to the digital economy for both individuals and businesses.

A growing role in global finance

The launch comes at a time when stablecoins are experiencing what some analysts call their “iPhone moment.” Market capitalization surpassed $250 billion as of June 2025, a 50% year-over-year increase, and forecasts suggest the asset class could expand to $2 trillion within the next few years. Demand from businesses is rising as well: Coinbase’s State of Crypto report found that 81% of crypto-aware U.S. small and mid-sized businesses are interested in stablecoin use, and Fortune 500 companies reporting plans to adopt them have tripled since 2024.

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Despite this rapid adoption, nearly all stablecoins today are tied to the U.S. dollar. Coinbase argues that as global FX markets intersect with digital money, there will be growing demand for stablecoins that reflect local currencies. AUDD and XSGD are designed to fill this gap, helping Australians and Singaporeans transact in familiar units of value while benefiting from faster settlement, lower costs, and programmable features of blockchain-based money.

Toward the next wave of use cases

Coinbase also frames this launch as part of a larger vision: preparing for the future of “agentic” AI-driven commerce. In this model, digital agents could use local stablecoins to autonomously pay for data, services, or infrastructure in real time. AUDD and XSGD, the company suggests, are early building blocks for a world where stablecoins function as universal digital cash for both humans and machines.

By supporting region-specific stablecoins, Coinbase is not only deepening its commitment to markets like Singapore and Australia but also taking another step toward its long-term goal of onboarding one billion people into the crypto economy.

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