StraitsX announced a fortyfold increase in stablecoin card transactions from late 2024 through early 2025. Transaction volume surged alongside an eighty-three-fold jump in card issuance, signaling rapid mainstream adoption in Southeast Asia.
Partner RedotPay facilitated $2.95 billion in card volume during this period. Industry data indicates crypto card expenditure rose 420 percent globally over the same timeframe. StraitsX operates as a Visa BIN sponsor, allowing partners to settle payments instantly while merchants receive local currency without delay.
CEO Tianwei Liu emphasized making stablecoin infrastructure invisible for seamless everyday use. The firm has processed approximately thirty billion dollars in cumulative transactions. Future expansion targets include Japan, Taiwan, and Hong Kong. StraitsX plans to launch XSGD and XUSD tokens on the Solana blockchain to support machine-to-machine micropayments.