StraitsX

OKX Singapore has launched OKX Pay, letting users pay with USDC and USDT at GrabPay merchants, with stablecoins instantly converted to Singapore dollars. The service aims to make digital currencies usable for everyday transactions and plans to expand to more merchants and stablecoins in the future.

Coinbase launched XSGD, a Singapore dollar-backed stablecoin approved by MAS, for global trading and payments. It is fully backed by reserves and available on Coinbase and Base for local and cross-border use.

StraitsX has partnered with Ripple to launch its Singapore dollar-backed stablecoin XSGD on the XRP Ledger, improving speed and lowering costs for digital payments. This partnership supports cross-border transactions and expands access to regulated stablecoins in Asia.

与之前在新加坡获得 MPI 许可证的其他公司（如 GSR、Coinbase 和 Ripple）一样，此次批准允许 StraitsX 作为数字支付令牌服务的许可提供商开展业务。

目前的合作涉及几家本地公司，包括稳定币发行商 StraitsX。