StraitsX, a Singapore-based financial infrastructure company, has recorded dramatic growth across its stablecoin card program over the past year. Transaction volume surged 40 times between 2024 and 2025, while card issuance grew 83 times over the same period. The figures signal accelerating adoption of stablecoin-backed payment products in the region.
The company’s infrastructure underpins stablecoin-backed cards for a range of partners operating in the payments space. One such partner, RedotPay, processed more than $2.95 billion in card volume during 2025 alone. StraitsX’s technology enables these transactions to settle in local currency, reducing friction for end users.
A central part of StraitsX’s strategy is making its stablecoin layer effectively invisible to consumers. The company aims to ensure that users can transact without needing to understand or interact directly with the underlying stablecoin infrastructure. This approach is intended to lower barriers to adoption among mainstream users unfamiliar with digital assets.
Looking ahead, StraitsX has outlined plans to extend its footprint across Southeast Asia and into additional markets beyond the region. The expansion reflects broader momentum in stablecoin-based payment solutions as demand grows for faster and more cost-effective cross-border transactions. The company sees significant opportunity in markets where traditional financial infrastructure remains limited.
StraitsX is also preparing to launch two new stablecoins, XSGD and XUSD, which are designed to support machine-to-machine micropayments on the Solana blockchain. These products are intended to serve automated payment use cases that require high-speed, low-cost settlement. The move positions StraitsX to participate in emerging payment models that extend beyond consumer card transactions.
Originally reported by CoinDesk.
