2026-03-13 16:35:45

JUST IN: Stablecoin payment infrastructure, not investment.

StraitsX Anthony Koo, director of StraitsX, highlights $30 billion in transactions, direct coinage, and the efficiency of blockchain payments.
They are utilized across all stages of payments, from retail purchases to corporate trade settlements. Users deposit Singapore dollars or U.S. dollars with StraitsX and ‘mint’ stablecoins at a 1:1 ratio. They can then issue a card linked to their stablecoin wallet and use it at convenience stores, clothing shops, and other retailers.
The company handles the settlement of stablecoins into fiat currency based on transaction records.

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