What is the usage of XSGD?

Could you elaborate on the intended usage and functionality of XSGD? Is it primarily a digital asset for trading purposes, or does it have additional utilities within the cryptocurrency ecosystem? How does it differ from traditional fiat currencies like Singapore Dollars, and what are the benefits of utilizing XSGD in financial transactions? I'm interested in understanding its role in facilitating cross-border payments, reducing transaction costs, or any other specific applications it might have. Additionally, what are the risks associated with investing in XSGD, and how does it compare to other digital currencies in terms of stability and market acceptance?