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Monad's MON token jumps 15% amid plans for XSGD stablecoin launch and privacy upgrades

Market News
01 Oct 2026
Blockonomi
View Source
Bullish
Monad's MON token jumps 15% amid plans for XSGD stablecoin launch and privacy upgrades

Monad's native token MON surged 15% in 24 hours, reaching $0.0318 with a weekly gain of 32.4%, driven by increased trading volume and open interest. Singapore-based StraitsX plans to launch XSGD and XUSD stablecoins natively on Monad by early 2027, marking the first SGD stablecoin on the network. Monad is also developing advanced privacy features, including quantum-resistant security and encrypted mempool technology, expected between 2028-2029. These developments highlight Monad's growing ecosystem and focus on secure, efficient blockchain payments.

Monad's token MON is trading at Rp299 on Pluang as of Oct 01, 2026 21:03 WIB, showing an 8.55% increase in the last 24 hours. The market cap stands at Rp159.04 million, supported by a 24-hour trading volume of Rp55.7 million. Typical holders keep MON for about 32 days, indicating moderate investor engagement alongside recent news developments.

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