StraitsX Expands Stablecoin Payment Network Across Asia

StraitsX To Expand Stablecoin Payment Network Across Asia By Mid-2026

StraitsX, a regulated payments institution and the digital asset infrastructure arm of Fazz Financial Group, is set to expand its stablecoin payment network across Asia, targeting completion by mid-2026. This initiative aims to establish a real-time, FX-transparent cross-border settlement system leveraging stablecoin technology to revolutionize regional transactions.

Strategic Expansion And Target Markets

The initial phase of StraitsX's expansion will focus on enhancing connectivity between Singapore, Thailand, Taiwan, and Japan. The company is actively forging strategic partnerships to achieve this. In Thailand, StraitsX will collaborate with KBank (KASIKORNBANK), one of the country's largest banks, and Orbix Technology to advance a roadmap for real-time QR interoperability between Thailand's national QR Payment system and Singapore's SGQR framework. This collaboration will also explore the use of XSGD (StraitsX's Singapore Dollar-backed stablecoin) as the settlement asset for cross-border transactions. Concurrently, StraitsX is working on integrating into a regional settlement framework that connects consumer and institutional payment platforms in Taiwan and Japan, creating a unified payment corridor linking Southeast Asia and Northeast Asia.

Backed By Strategic Investment

To fuel this growth, StraitsX has secured a US$10 million investment from UQPAY, a leading cross-border payment solutions provider in Asia, with continued backing from existing investor NTT DOCOMO, INC., Japan's leading mobile and digital-services company. This investment reinforces StraitsX's capability to power diverse cross-border payment scenarios, bridge stablecoin and fiat payment networks, and expand connectivity between enterprises, financial institutions, and Web3 ecosystems across Asia.

StraitsX's Stablecoins And Compliance Foundation

StraitsX is the issuer of XSGD (Singapore Dollar), XIDR (Indonesian Rupiah), and XUSD (US Dollar) stablecoins, designed to facilitate real-time and programmable value transfer. Since 2020, StraitsX has processed over US$10 billion in on-chain stablecoin transactions, demonstrating its scalability and reliability. The company is regulated by the Monetary Authority of Singapore (MAS) as a Major Payment Institution and has received in-principle approval to issue Single-Currency Pegged Stablecoins (SCS) in compliance with MAS' upcoming stablecoin regulatory framework. Strict adherence to regulatory requirements, including a value-stabilizing mechanism with reserve assets maintained at a minimum of 100% of outstanding stablecoins and regular independent audits, ensures trust and stability for users.

Bridging Web3 And Traditional Finance

StraitsX aims to address the "Great Disconnect" between blockchain technology and real-world financial systems, including the high fees and slow speeds of traditional cross-border payment methods. The platform offers on-chain payment solutions, real-time cross-border settlements, and API-enabled stablecoin payments. Furthermore, virtual and physical card programs are being rolled out to bridge Web3 balances with real-world merchant acceptance, allowing users to spend stablecoins instantly while settling in fiat through compliant networks. This positions stablecoins as the invisible infrastructure powering everyday payments, fostering a more cohesive and efficient payment ecosystem across Asia.

Future Vision

Tianwei Liu, CEO and Co-founder of StraitsX, envisions stablecoins becoming the essential infrastructure powering everyday payments and underpinning global finance. By embedding stablecoin settlement into trusted financial and consumer payment infrastructure, StraitsX is demonstrating how stablecoins can operate as reliable, compliant rails for everyday financial activity at a regional scale. With its expansion into key Asian markets and the support from strategic partners, StraitsX is laying the groundwork for a unified network that can scale internationally, building towards a financial system where compliant, always-on value exchange becomes a trusted global standard.

The content above reflects the author's personal views only and does not represent any official stance of Cobic News. The information provided is for reference purposes only and should not be considered investment advice from Cobic News.