SG DIGITAL DOLLAR price

SGDD

SG Digital Dollar (SGDD) is a fiat-collateralized stablecoin pegged 1:1 to the Singapore Dollar (SGD), deployed on BNB Smart Chain (BSC) as a BEP-20 token. It is developed and issued by PT Festival Anak Bangsa, an Indonesian technology company that previously launched IDDR (Indonesian Rupiah stablecoin) and ASDD (USD stablecoin).

Each SGDD token in circulation is backed by one Singapore Dollar held in custodial accounts with regulated financial institutions. The reserve portfolio is maintained exclusively in cash and cash-equivalent assets, providing full liquidity at all times. Tokens are minted only upon deposit of an equivalent SGD amount and burned upon redemption, preserving the 1:1 ratio between on-chain supply and off-chain reserves at all times. Monthly attestation reports from an independent accounting firm are published at sgdd.io to verify that reserve balances equal or exceed the circulating token supply. A live proof-of-reserves dashboard is also available for real-time on-chain verification.

SGDD conforms to the BEP-20 token standard and is EVM-compatible, ensuring interoperability with wallets and decentralized applications that support BNB Smart Chain — including MetaMask, Trust Wallet, and SafePal. The smart contract implements standard token functions including mint, burn, transfer, approve, and allowance, with minting and administrative operations requiring multi-signature authorization to prevent any single party from unilaterally issuing tokens or accessing reserves. The contract is subject to independent third-party security audits, with findings made publicly available.

KYC and AML verification is required for any user or institution participating in SGDD's minting and redemption processes. The project works with regulated exchange and wallet partners, extending these compliance standards to their respective onboarding workflows.

SGDD targets several application areas. In DeFi, it can be used as collateral in lending and borrowing protocols, as a liquidity pair on BSC-based decentralized exchanges such as PancakeSwap, and within stablecoin yield farming pools. For cross-border payments and remittances, transfers settle in approximately three seconds on BNB Smart Chain at under $0.05 per transaction — the primary target corridor being Singapore, Indonesia, Malaysia, and the Philippines. Traders can use SGDD as a stable quote currency to reduce exposure to crypto volatility without leaving the on-chain ecosystem. SGDD is also accessible to anyone with a compatible wallet and internet connection, without requiring a traditional bank account to hold or transact SGD-denominated value.

The SGDD Earn programme allows select institutional partners to receive a portion of returns generated from the reserve portfolio in exchange for integrating SGDD into their platforms, expanding the stablecoin's ecosystem reach and real-world utility.

The project follows a six-phase development plan: internal smart contract development and testnet deployment; independent security audit and compliance framework setup; controlled pilot launch; public launch and exchange listings on Singapore and Indonesian platforms, followed by global DEX listings; DeFi integrations and cross-chain bridging to Ethereum mainnet and Layer-2 networks; and ongoing research including potential CBDC interoperability with Singapore's MAS Project Orchid.