For wallet ecosystems designed around everyday usage, access to reliable USD funding is a core requirement; ultimately determining how smoothly funds move from fiat deposits into digital assets and onward to real-world spending. As users increasingly expect direct, bank-like funding experiences, the structure behind fiat access matters as much as the front-end experience itself.
StraitsX is pleased to support Tevau through the integration of StraitsX Dedicated Virtual Accounts (DVA), enabling USD SWIFT deposits via named virtual accounts. This integration provides Tevau users with a unique, named account-level USD funding experience, while establishing a clear settlement path into on-chain assets and eventually, card-based spending.
Dedicated Virtual Accounts provide each user with a unique, named USD account for deposits. This structure enables:
- Clear attribution of funds at the point of deposit
- Simplified reconciliation across user balances
- Stronger alignment with regulated financial and compliance workflows
For wallet ecosystems like Tevau, StraitsX DVA forms a reliable entry point for fiat, ensuring USD deposits are structured for scale, transparency, and operational clarity.
From USD Deposits to XUSD Settlement
Once USD is deposited via a Dedicated Virtual Account, funds can be settled into XUSD on a 1:1 basis. This settlement mechanism allows fiat value to transition into a stable, on-chain representation without introducing pricing ambiguity or conversion complexity.
By anchoring settlement to a 1:1 USD to XUSD conversion, this flow:
- Preserves value parity between fiat and digital assets
- Simplifies accounting and treasury management
- Creates a consistent settlement asset that can be used across real-world payment use cases
XUSD functions as the medium of settlement that connects fiat funding with on-chain activity and payment workflows.
StraitsX as the Settlement and Infrastructure Layer
Through this integration, StraitsX provides the underlying infrastructure that supports:
- Named virtual accounts for USD deposits with full POBO/COBO capability
- 1:1 USD to XUSD settlement
- API-first controls for reconciliation, compliance, and auditability
StraitsX operates behind the scenes as the fiat and settlement layer, enabling platforms like Tevau to deliver seamless user experiences while scaling their financial foundations.
Powering Wallet Balances and Card Spend
Within Tevau’s ecosystem, this infrastructure supports a more cohesive flow between funding, holding, and spending. USD deposits funded via DVAs and settled into XUSD can be reflected within wallet balances, creating a bridge between traditional funding rails and digital asset-based payments.
For card programs, this structure becomes particularly important as 1:1 USD to XUSD settlement enables:
- Predictable asset conversion for spend use cases
- Clear fund flows between wallet balances and card transactions
- Reduced friction between on-chain assets and real-world payments
Rather than treating fiat onramps, wallets, and cards as separate systems, this integration allows them to operate as parts of a single, connected flow.
Why This Matters for Wallet Ecosystems
As wallet platforms expand into payments and card-based use cases, the ability to move value cleanly between fiat, stablecoins, and spend becomes critical. This integration reflects a broader shift toward infrastructure that treats settlement, compliance, and user experience as interconnected rather than isolated components.
By combining Dedicated Virtual Accounts with stablecoin settlement, the StraitsX and Tevau integration supports a more direct path from USD funding to real-world usage. Reliable settlement is what ultimately enables wallet ecosystems to move beyond basic storage and into real-world utility. By pairing Dedicated Virtual Accounts with 1:1 USD to XUSD settlement, this integration establishes a clear foundation for value movement across funding, on-chain balances, and eventually card transactions.
StraitsX looks forward to partnering with global card programs and platforms to power compliant, institution-grade fiat access and stablecoin settlement, enabling digital asset ecosystems to extend confidently into real-world use cases.
Important Advisory:
Trading or purchasing DPTs carries significant risks. DPTs are not suitable for all individuals. Please do not trade if you do not fully understand the risks involved. For more information, review the relevant risks disclosures and regulatory guidelines here. The services provided by Tevau are not made available to the members of the public in Singapore.
Disclaimers:
This publication is independently provided by StraitsX for informational purposes only. The actual outcome, timeline, and details of the partnership are subject to changes and may differ materially due to circumstances, including regulatory approval.
Related Post
