Stablecoin payments go 'invisible' in Southeast Asia as crypto card business surges

Stablecoin payments go 'invisible' in Southeast Asia as crypto card business surges

StraitsX, a Singapore-based company, has seen rapid growth in its stablecoin card program, with a 40x surge in transaction volume and an 83x increase in card issuance between 2024 and 2025.

How Stablecoin Cards are Quietly Powering Payments Across Southeast Asia as Usage Surges

You may have paid with a digital wallet while traveling and never stopped to think about what happened in the background. The payment just worked, the merchant got paid, and you walked away. That seamless experience is exactly what some crypto companies are now building with stablecoins across Southeast Asia. One of them is StraitsX, a Singapore-based payments infrastructure firm that powers stablecoin-backed cards. Over the past year, the compa…

Singapore’s StraitsX Sees Surge in Stablecoin Payment Volume

Singapore-based stablecoin payment infrastructure company StraitsX is reportedly seeing a surge in card transaction volume. Between the fourth quarter of 2024 and the same quarter last year, that volume surged 40-fold, Co-founder and CEO Tianwei Liu told CoinDesk Sunday (March 29). The number of cards issued saw an even sharper uptick, increasing 83-fold during the same period. Coindesk says these numbers suggest one of the fastest gro…

Stablecoin Payments Surge in Southeast Asia as StraitsX Powers Crypto Card Growth

StraitsX experienced rapid growth in the use of stablecoin cards, where the number of transactions increased 40x. Southeast Asia is witnessing the expansion of stablecoin infrastructure, which is facilitating seamless payments. Singapore-based StraitsX announced a sharp increase in the growth of its stablecoin card program, indicating a rise in the adoption of Southeast Asia’s digital payments ecosystem. The StraitsX stablecoin card program expe…

StraitsX: The Invisible Stablecoin Infrastructure Powering Southeast Asia's Digital Payments

When a traveler from Bangkok taps to pay in Singapore using a Thai e-wallet, the experience feels effortless and thats by design. Behind the scenes, Singapore-based StraitsX is quietly running the stablecoin infrastructure that makes it all possible. Between Q4 2024 and Q4 2025, StraitsX recorded a 40-fold surge in card transaction volume, while the number of issued cards skyrocketed 83 times. These figures position StraitsX among the fastest-gr…