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 experienced a fortyfold increase in transaction volume from the fourth quarter of 2024 to the 2025 periods. 

The StraitsX stablecoin card program experienced an 83-fold increase in card issuance, indicating a sharp increase in the adoption of payment solutions utilizing stablecoins. StraitsX supports payment infrastructures for companies such as RedotPay, which processed a $2.95 billion card volume in the 2025 period. Data from the Artemis Analytics showed that crypto cards experienced a sharp increase in adoption, where crypto card usage saw a rise from $100 million monthly to $1.5 billion monthly. 

Data from Dune Analytics showed that crypto card expenditure experienced a 420% increase in 2025, indicating a sharp increase in adoption. StraitsX experienced a sharp increase in adoption as a result of the growth of the industry, as opposed to a static environment.

Invisible Infrastructure Enables Seamless Payments

StraitsX acts as a Visa BIN sponsor, enabling partners such as RedotPay and UPay to provide payment solutions to their customers efficiently. When customers make payments, stablecoins settle the payments instantly, and merchants receive their local currency without any noticeable delays or disruptions worldwide. 

According to their CEO, Tianwei Liu, customers are concerned with the success of their transactions, not the payment technology used in digital financial systems. He also stated, “At StraitsX, we strive to make the infrastructure of stablecoins invisible, so they can be used seamlessly in everyday life.” They have processed almost $30 billion in cumulative stablecoin transactions, which is a significant milestone in the development of digital payment infrastructure globally.

Expansion Plans and Future Payment Models

StraitsX is also planning to expand its operations beyond Singapore, and it is expected to establish payment corridors to support the adoption of stablecoins across different regions of the world. The firm plans to launch XSGD and XUSD, both based on the Solana blockchain and supporting high-speed transactions and machine-to-machine micropayments. The firm is also planning to expand its operations in Japan, Taiwan, and Hong Kong, which is in line with the growth strategies of different regions of the world in terms of digital payment markets. 

Highlighted Crypto News:

Stablecoins Could Become Crypto’s ‘ChatGPT Moment,’ Says Ripple CEO Garlinghouse