Straits Trading narrows loss by 72.7% to $11.1m in H1
Singapore Business Review·
Stablecoin payments go 'invisible' in Southeast Asia as crypto card business surges
coindesk·- StraitsX, a Singapore-based company, has experienced significant growth in its stablecoin card program, with a 40x increase in transaction volume and an 83x rise in card issuance from 2024 to 2025. - The company provides infrastructure for stablecoin-backed cards to partners such as RedotPay, which processed over $2.95 billion in card volume in 2025. - StraitsX plans to further expand in Southeast Asia and enable machine-to-machine micropayments on the Solana blockchain with its new stablecoins, XSGD and XUSD.