Grab Partners with StraitsX to Integrate Stablecoin Payments in Southeast Asia
Grab is advancing its digital asset strategy through a new collaboration with Singapore-based stablecoin issuer StraitsX. The partnership aims to develop a Web3-powered settlement LAYER within Grab's super-app, enabling users to hold and spend stablecoins like XSGD and XUSD for daily transactions.
The initiative targets Southeast Asia's fragmented payment landscape, offering a streamlined solution for cross-border transactions. Regulatory approval could extend the service across eight markets, including Singapore, Indonesia, and Thailand.
This marks Grab's most significant Web3 MOVE to date, transitioning from pilot programs to evaluating full-scale stablecoin integration. The deal underscores the growing institutional adoption of digital assets in emerging economies.
