StraitsX Stablecoin Payments Surge in Southeast Asia, Volume Jumps 40-Fold in 2025

StraitsX is a Singapore-based stablecoin payment infrastructure provider that enables consumers to use stablecoins directly for everyday purchases through partners such as crypto card service RedotPay. Its strategy is to keep blockchain settlement behind the scenes, lowering barriers to use and expanding adoption among merchants and consumers across Southeast Asia.

From 2024 to 2025, transaction volume under StraitsX's stablecoin card program increased 40-fold, while the number of cards issued jumped 83-fold, signaling rapidly rising regional demand. The company next plans to launch the Singapore dollar stablecoin XSGD and the U.S. dollar stablecoin XUSD on the Solana blockchain, but has not disclosed a launch date or issuance target.