StraitsX to Expand Stablecoin Payment Network Across Asia by Mid-2026
StraitsX unveiled plans to extend its stablecoin-based payment infrastructure across Asia, targeting real-time cross-border settlements between Singapore, Thailand, Taiwan, and Japan by Q2 2026. The initiative kicks off with a partnership with Thailand's Kasikornbank (KBank), integrating QR code interoperability between Thailand's national QR Payment and Singapore's SGQR system using the XSGD stablecoin for settlements.
Thai travelers in Singapore will initially transact via KBank's Q Wallet at GrabPay and PayNow merchants, with merchants receiving instant SGD settlements. A subsequent phase—pending regulatory approval—will enable Singaporean travelers to spend in Thailand with seamless THB conversions. "By embedding stablecoins into existing payment rails, we're bridging liquidity fragmentation," the company stated, signaling a strategic push for FX-transparent settlements.
