MetaComp’s Stablecoin FX Platform Cuts Through Traditional Banking Red Tape

Singapore fintech MetaComp just flipped the script on cross-border payments—launching an FX platform powered by stablecoins. No more 3-day SWIFT delays, no hidden correspondent banking fees. Just near-instant settlements with the volatility stripped out.

How it works: The platform leverages regulated stablecoins (likely USDC or PYUSD) to create a 24/7 forex corridor between major currencies. Businesses can swap USD to EUR or JPY without touching legacy rails—saving up to 60% on fees compared to traditional banks’ ‘competitive’ rates.

The catch? Regulatory hurdles remain. While Singapore’s MAS has been crypto-friendly, other jurisdictions might balk at a system that bypasses their precious financial gatekeepers. After all, how will banks justify those ‘advisory fees’ if corporates can self-serve?

One thing’s clear: When institutions start offering crypto-powered solutions that actually undercut traditional finance, the ‘it’s all speculation’ narrative starts looking shakier than a shitcoin’s tokenomics.

StableX to Support USDT, USDC

The StableX platform currently supports Tether (USDT) and USD Coin (USDC), the two top stablecoins per market cap. It is looking to add other prominent stablecoins, including FDUSD, PYUSD, and WUSD, as a part of its asset offering.

Further, StableX uses an “intelligent routing engine,” which automatically selects between USD or stablecoins to carry out each transaction.

“[It chooses] depending on which rail offers the best outcome in terms of cost, speed, and settlement certainty,” MetaComp said.

“StableX was purpose-built for cross-border B2B payments,” said Tin Pei Ling, Co-President of MetaComp. “With StableX, we’re making it faster, more intelligent, and more stable to MOVE money globally — and we’re doing it with the power of stablecoins.”

MetaComp’s CAMP Helps in Seamless ‘High-Volume’ FX Transactions

In an exclusive interview with Cryptonews last year, Eddie Hui, Chief Operating Officer and Co-President of MetaComp, said that the company is building a Client Asset Management Platform (CAMP) that fully manages users’ fiat and cryptos.

StableX will leverage CAMP to enable high-volume FX transactions across borders, the release noted.

“We’re trying to promote the adoption of crypto as a real and legitimate asset class that could allow you to do anything else in the rest of the traditional finance,” Eddie told Cryptonews at the time, adding that the CAMP platform WOULD centralise all those services.

Additionally, CAMP will offer the opportunity for clients to obtain yield on treasury balances and available liquidity, MetaComp noted.

StableX will initially support a set of currency pairs and aims to roll out access to 31 major currencies that MetaComp already supports. “This phased rollout ensures liquidity, operational reliability, and regulatory compliance as users grow their global payment operations,” it added.