StraitsX

StraitsX is a leading digital payment infrastructure provider and licensed stablecoin issuer, regulated by the Monetary Authority of Singapore (MAS) as a Major Payment Institution (MPI). Founded as a spin-out of Fazz Financial Group, StraitsX has transacted over $29 billion in stablecoins and operates globally, serving institutions, exchanges, fintechs, and corporate clients.

Core Products/Services

StraitsX issues three regulated stablecoins:

• XUSD — A US Dollar-pegged stablecoin available on Ethereum (ERC-20) and Binance Smart Chain (BEP-20), fully backed 1:1 by USD reserves held at Tier-1 banks. XUSD is live on Binance, Bybit, MEXC, Uniswap, and PancakeSwap, and is designed for global payments, DeFi integrations, and treasury operations.
• XSGD — A Singapore Dollar-pegged stablecoin available on Ethereum, Polygon, Avalanche, Hedera, and Zilliqa blockchains, designed for near-instant cross-border SGD transfers and DeFi applications.
• XIDR — An Indonesian Rupiah-pegged stablecoin designed for the Southeast Asian digital asset market.

Through its StraitsX ON open network, the company delivers three enterprise platform solutions:

• Dedicated Virtual Accounts (DVA) — A plug-and-play API enabling businesses to receive USD via SWIFT and settle in XUSD at 1:1 parity, with COBO/POBO treasury automation, powered by Tier-1 banking partners DBS and Standard Chartered.
• VISA Card Issuance — A turnkey infrastructure enabling businesses to launch branded physical and virtual Visa debit card programs across APAC, settling in stablecoins with Apple Pay and Google Pay support, launched in 12–14 weeks under StraitsX's Visa BIN sponsorship.
• QR Payments Network — An interoperable cross-border QR payment network connecting Web2/Web3 e-wallet issuers and merchant acquirers (including GrabPay and Alipay+), with stablecoin settlement via XUSD or XSGD.

StraitsX also operates an OTC Trading Desk for high-volume stablecoin trades starting from USD 100,000, offering competitive pricing, deep liquidity, and same-day settlement.

Key Strengths

• Regulatory compliance: Licensed MPI under MAS with licences PS20200475, PS20200656, PS20200657, and PS20200658; substantively compliant with the MAS Single-Currency Stablecoin (SCS) Framework; monthly independent reserve attestation reports.
• Tier-1 banking infrastructure: SWIFT USD rails and FAST SGD rails through DBS and Standard Chartered.
• Multi-chain availability: Stablecoins deployed on Ethereum, BSC, Polygon, Avalanche, Hedera, Zilliqa, and more.
• 24/7 programmable settlement: Always-on stablecoin rails with API-driven automation for enterprise treasury management.

Notable Clients/Projects

• Bybit: Enabled seamless USD on- and off-ramps via DVA for Bybit users.
• Pionex: Powers the Pionex card program with StraitsX Card Issuance infrastructure, including Apple Pay In-App Provisioning.
• Alipay+ and GrabPay: Powers instant cross-border QR payments between merchants.
• RedotPay, Chocolate Finance, Binance, Grab: Listed as trusted partners and clients.
• Mastercard: Joined Mastercard Crypto Partner Program (March 2026).

Why Choose StraitsX

StraitsX abstracts the complexity of traditional and crypto value transfers, providing compliant, accessible, and always-on stablecoin rails. Its regulated infrastructure reduces the compliance burden for businesses, enables instant 24/7 settlement without traditional banking delays, and provides a single integration to access a growing global stablecoin payments network across Southeast Asia and beyond.