StraitsX Bolsters Global Fintech with Regulated Stablecoin Solutions
Singapore, September 7, 2025 – StraitsX [1], a leading digital payment infrastructure provider in Southeast Asia, continues to redefine cross-border payments through its innovative stablecoin platform. Licensed and regulated by the Monetary Authority of Singapore (MAS) under Major Payment Institution (MPI) licenses (PS20200475, PS20200656, PS20200657, and PS20200658), StraitsX is empowering global fintechs, institutions, and exchanges with compliant, scalable, and secure payment solutions.
A Trusted Stablecoin Ecosystem
StraitsX issues fiat-backed stablecoins, including XSGD (pegged to the Singapore Dollar, minted on the XRP Ledger [2]), XUSD (pegged to the US Dollar), and the XIDR [6] (peggd to thge Indonesian Rupiah) and designed for real-world payment applications. These stablecoins are fully backed 1:1 by reserves held with trusted banking partners like DBS Bank [3] and Standard Chartered [4], ensuring transparency and reliability. The platform’s adherence to MAS’s regulatory framework, including its forthcoming Single-Currency Stablecoin framework, positions StraitsX as a pioneer in compliant digital asset solutions.
The company’s partnerships with global players such as Alipay [5], Grab, First Digital, and RedotPay highlight its growing influence. By integrating stablecoins with blockchain technology, StraitsX enables seamless, real-time transactions that reduce costs and enhance efficiency for cross-border payments.
Innovative Features for Global Reach
StraitsX’s platform offers a suite of tools tailored for businesses and developers, including:
StraitsX Swap: A seamless interface for swapping between stablecoins like XSGD, XUSD, and other tokens, simplifying digital asset management. StraitsX OTC: Over-the-counter trading solutions for efficient XSGD and XUSD exchanges, catering to high-volume transactions. Card Issuance: Branded VISA debit cards linked to stablecoin and fiat balances, supporting global spending with Apple Pay and Google Pay integration. Robust Compliance: Built-in customer screening and transaction monitoring ensure adherence to anti-money laundering (AML) and regulatory standards, allowing businesses to focus on innovation.
These features are supported by tier-1 banking rails and flexible APIs, enabling businesses to scale operations across borders while maintaining security and compliance.
Driving Real-World Applications
StraitsX’s stablecoins are available on multiple blockchain platforms, including Ethereum, XRP Ledger, Arbitrum, Avalanche, Polygon, Hedera, Zilliqa, and PlatON. This multi-chain approach enhances interoperability and supports a wide range of use cases, from cross-border remittances to merchant settlements. For instance, a recent partnership with Ant International and Grab, announced on November 5, 2024, introduced a blockchain-based payment system using Purpose Bound Money (PBM) on the Avalanche network. This system enables tourists to pay at GrabPay merchants in Singapore using Alipay+ apps, with instant settlements in XSGD.
Additionally, StraitsX’s collaboration with Ripple to launch XSGD on the XRP Ledger in May 2025 has expanded its reach, catering to the growing demand for regulated, multi-chain stablecoins. With over $10 billion in on-chain transactions processed, StraitsX is a critical infrastructure layer for global finance.
A Vision for the Future
“StraitsX is not just about digital currencies; it’s about building trusted, scalable infrastructure for the future of finance,” said Liu Tianwei, Co-Founder and Deputy CEO of StraitsX. “Our partnerships with global institutions and our focus on regulatory compliance enable us to bridge traditional finance with the digital economy.”
The company’s commitment to innovation is evident in its involvement in MAS’s Project Orchid, which explores programmable digital currencies like PBM for commercial applications. By embedding compliance into its smart contracts, StraitsX ensures seamless, secure transactions that meet global regulatory standards.
Looking Ahead
As cross-border commerce in Asia is projected to surpass $4 trillion by 2030, StraitsX is well-positioned to meet the rising demand for fast, transparent, and compliant payment solutions. With plans to expand USD banking rails and support for additional blockchain networks, the company aims to further enhance its stablecoin ecosystem.
StraitsX’s blend of regulatory rigor, technological innovation, and strategic partnerships is setting a new standard for digital payments. As it continues to scale, StraitsX is poised to transform how businesses and consumers navigate the global financial landscape.