Grab Expands Stablecoin Integration with StraitsX Web3 Payment System
Grab, Southeast Asia's leading super app, has partnered with Singapore-based stablecoin issuer StraitsX to develop a Web3-based settlement layer. The collaboration aims to enhance cross-border payments across the region by integrating stablecoins like XSGD and XUSD into Grab's platform.
The new system promises to simplify digital transactions, reduce fees, and streamline exchanges between stablecoins and fiat currencies. Once regulatory approvals are secured, the payment LAYER will operate across multiple Southeast Asian markets, including Singapore, Malaysia, and Indonesia.
This initiative reflects the growing institutional adoption of blockchain technology for financial infrastructure. By creating a unified payment network, Grab and StraitsX could significantly improve the efficiency of regional commerce.
