StraitsX Stablecoin Payment Infrastructure

StraitsX is a Singapore payment infrastructure company licensed by the Monetary Authority of Singapore as a Major Payment Institution. It issues the XSGD, XUSD and XIDR stablecoins and positions itself as infrastructure that lets businesses, payment providers and digital asset platforms move value between fiat and stablecoins.

For businesses it offers card issuance with stablecoin-backed cards and mobile wallet support, Accept and Send for fiat or stablecoin transfers, QR payments through e-wallet issuers and acquirers, agentic cards for AI agent payments, and swap and OTC services. Dedicated Virtual Accounts give users USD-named accounts with stablecoin settlement. The StraitsX Payment Network connects partners such as KBank for cross-border QR payments, and the tokens are integrated across more than 120 digital asset platforms and financial institutions.

• Stablecoins: Issues XSGD, XUSD and XIDR pegged one to one to fiat currencies.
• Card issuance: Issues stablecoin-backed cards with Apple Pay, Google Pay and Samsung Pay support.
• Accept and Send: Moves funds in fiat or stablecoins for businesses.
• QR payments: Connects e-wallet issuers and acquirers for scan-to-pay.
• Dedicated Virtual Accounts: Provides USD-named accounts with stablecoin settlement.
• Agentic cards: Lets AI agents make payments with controlled cards.

A Vietnamese e-wallet or payment intermediary can explore stablecoin settlement for cross-border QR acceptance with Singapore partners. A regional exporter can hold USD stablecoins for supplier payments. A fintech can issue stablecoin-backed cards to users of its platform.

Businesses settle payments in regulated, fully backed SGD and USD stablecoins with reserves at DBS and Standard Chartered. Merchants can accept stablecoin QR payments and receive SGD, as in OKX Pay. Total stablecoin transaction value has exceeded US$18 billion, and integration with more than 120 platforms gives broad liquidity and reach.

Singapore is finalising a single-currency stablecoin framework, and regional regulators are testing stablecoin-based cross-border QR payments. As QR payment linkages expand across ASEAN, regulated stablecoins are emerging as a settlement layer for merchants, wallets and exchanges.

Licensed by MAS as a Major Payment Institution (licences PS20200475, PS20200656, PS20200657, PS20200658). Reserve banks include DBS and Standard Chartered. Partners include Grab (MOU), OKX, KBank, Visa and Mastercard. XSGD marked five years in 2025.