Stablecoin Payments Go 'Invisible' in Southeast Asia
StraitsX, a Singapore-based company, has seen a 40x surge in transaction volume and an 83x increase in card issuance between 2024 and 2025, making it one of the fastest-growing stablecoin card programs in Southeast Asia.
Key Highlights:
- Rapid Growth: StraitsX's infrastructure powers stablecoin-backed cards for partners like RedotPay, processing over $2.95 billion in card volume in 2025.
- Invisible Layer: The company aims to make its stablecoin layer invisible, enabling seamless transactions in local currency.
- Expansion Plans: StraitsX will launch XSGD and XUSD stablecoins on the Solana blockchain, supporting machine-to-machine micropayments.
Market Impact:
- Cross-Border Transactions: StraitsX is expanding its presence in Southeast Asia, with plans to launch a cross-border corridor with Thailand under Project BLOOM.
- Partnerships: The company has partnered with Visa, RedotPay, and UPay to enable stablecoin-backed card transactions.
#StablecoinPayments #CryptoCardBusiness #CrossBorderTransactions #VisaPartnership
$SOL $XUSD
