StraitsX 2025 Wrapped

As 2025 draws to a close, it is a significant moment to reflect on a year that has marked a global reset in digital finance. While 2024 was a year of foundational milestones, 2025 has been defined by identity, expansion, and impact. As stablecoins move from the fringes to the heart of real-time, borderless financial systems, StraitsX has solidified its role as the stablecoin-native settlement layer driving global finance.

Let’s revisit some of our key milestones in 2025, a year where we not only built infrastructure but also designed the future of stable money.

StraitsX 2.0: A Refreshed Brand for a Global Mission

In response to a maturing industry, we unveiled our refreshed brand identity this year. Sharper, bolder, and institution-ready, the new look reflects our evolution from a regional pioneer to a global infrastructure provider. This identity represents our broader mandate: to provide compliant, accessible, and always-on stablecoin rails for real-world payments that bridge traditional and modern financial systems from Singapore to the rest of the world.

Celebrating Five Years of XSGD and One Year of XUSD

2025 marked two massive milestones for our stablecoin suite. We celebrated the 5th anniversary of XSGD, our Singapore Dollar-backed stablecoin, alongside the 1st anniversary of XUSD, our US Dollar-pegged stablecoin.

Both XSGD and XUSD continue to maintain a strict 1:1 peg to their respective currencies, with the two stablecoins being among the first to be recognised as substantially compliant with the Monetary Authority of Singapore (MAS)’s upcoming Single-Currency Stablecoin (SCS) regulatory framework.

To ensure the highest standards of transparency, our reserve assets are regularly audited by certified third-party public accountants, with independent attestation reports issued twice every month. This rigorous process, in accordance with ISCA standards, confirms that every token is fully backed by high-liquid reserves held in Tier-1 banking institutions like DBS and Standard Chartered.

The StraitsX ecosystem’s growth has been equally significant, with our total stablecoins GTV (Gross Transaction Volume) now surpassing $18 billion. Today, our stablecoins are more accessible than ever, supported and integrated across 120+ digital asset platforms and financial institutions globally, ensuring seamless utility for users everywhere

Expanding the StraitsX Payment Network Across Asia

One of our most strategic leaps this year was the expansion of the StraitsX Payment Network. During the Singapore FinTech Festival, we announced a groundbreaking partnership with KASIKORNBANK (KBank) in Thailand to integrate stablecoin-based settlement into regional payment channels.

Set for a Q2 2026 go-live, this initiative, which is a part of MAS's Project BLOOM, will enable real-time, FX-transparent cross-border QR payments between Thailand and Singapore. This is a major step toward a unified payment corridor linking Southeast Asia and Northeast Asia (including Taiwan and Japan), where stablecoins quietly power the back-end of everyday real-world payments.

Institutional Innovation: DVA and StraitsX ON

We continued to solve real operational frictions for crypto-native institutions with the launch of DVA (Dedicated Virtual Accounts). By providing compliant, USD-named virtual accounts with real-time stablecoin settlement, we’ve empowered some of the world’s largest crypto exchanges like Binance and Bybit, as well as OTC desks with plug-and-play access to trusted SWIFT banking rails.

At the Singapore FinTech Festival 2025, we also introduced StraitsX ON, the Open Network uniting our stablecoin solutions into one scalable, interoperable suite. Powered by XUSD, StraitsX ON makes moving value across fiat and digital economies seamless, regulatory-compliant, and future-ready. 

Real-World Payments: OKX Pay and the Grab Web3 MOU

We believe stablecoins should function as a frictionless settlement layer, acting as an indispensable but unobtrusive foundation for real-time value transfer. This year, we reached a major milestone in making this vision a reality through two landmark initiatives.

In partnership with OKX SG and Grab, we powered OKX Pay, marking Singapore’s first stablecoin scan-to-pay service. While users can now pay for coffee or dining via SGQR codes using USDT or USDC, merchants receive settlement in Singapore Dollars (SGD). 

XSGD acts as the critical settlement bridge behind the scenes, ensuring that while users enjoy the flexibility of digital assets, merchants receive settlement in their local currencies without having to manage digital assetsthemselves or change their existing business flows.

Building on this momentum, we signed a strategic MOU with Grab to explore the next generation of Web3-enabled payment infrastructure across Asia. This initiative aims to solve regional inefficiencies by integrating digital asset wallets and stablecoin settlement directly into the everyday Grab experience. By uniting Grab’s immense scale with our stablecoin rails, we are working toward a unified, interoperable framework that supports compliant, real-time, and FX-transparent cross-border settlement for millions of users and merchants across the region.

Multichain Connectivity

2025 was also a year of deepening our on-chain footprint. XSGD and XUSD processed more than US$18 billion in combined on-chain volume, supported by new integrations on Arbitrum, XRPL, Base, BNB Smart Chain, and PlatON.

Beyond the tech, we amplified our voice in global dialogues. Our CEO, Tianwei Liu, championed the role of regulatory-compliant stablecoin rails at major forums like Consensus Hong Kong, Korea Blockchain Week, and Money20/20. We were also proud to launch "The Future of Stable Money" podcast, a new thought leadership series featuring industry leaders who are redefining the future of finance.

Recognised for Excellence

Our commitment and efforts in building stablecoin rails for real-world payments were rewarded with significant industry recognition. Our CEO, Tianwei Liu, was recognised as a “Top 15 Fintech Frontier in Southeast Asia” by Fintech News Network, as well as a "Superhuman of Fintech" by Fintech Nation and Qapita. These accolades serve as a powerful validation of our mission: to move stablecoins from the fringes of finance into the core of the global digital economy.

By anchoring our innovation in regulatory alignment and real-world utility, we continue to set the standard for trusted digital payment infrastructure.

Looking Ahead

As we wrap up 2025, we want to extend our heartfelt gratitude to our clients, partners, and team. Your trust has been the engine behind every milestone we’ve shared.

We are transitioning into 2026 with a clear goal: to continue enabling stablecoin-native settlement rails for real-world payments at scale. By continuing to bridge the gap between traditional finance and digital assets, we are committed to building a more inclusive and efficient global economy.

Here’s to an even greater 2026! Cheers to the journey ahead.