Asset Management Firms DSRV and StraitsX Join Forces to Propel Stablecoin Transactions Across Asia.
In a significant move for the stablecoin industry, blockchain infrastructure firm DSRV has entered into a strategic partnership with Singapore-based digital payments platform StraitsX. The partnership aims to establish a robust foundation for the stablecoin industry across Asia, with the goal of transforming the way countries in the region connect their payment systems using blockchain technology.
DSRV's ongoing efforts will be centered on reinforcing infrastructure based on regulatory alignment. This approach is crucial for building a regulatory-friendly ecosystem that supports stablecoin adoption while maintaining compliance across jurisdictions, as emphasized by the executives at StraitsX.
One of the key benefits of this partnership is the ability for consumers using major Korean digital wallets, such as KakaoPay, NaverPay, or Toss, to complete transactions settled in XSGD at GrabPay-supported merchants in Singapore. This development signals a significant leap in the use of stablecoins to facilitate seamless, borderless retail payments in Southeast Asia.
StraitsX, which began issuing XSGD in 2020 under the Singapore Monetary Authority's regulatory sandbox, now operates with a major payment institution license. The platform issues stablecoins pegged 1:1 to major fiat currencies, including the Singapore Dollar (XSGD), US Dollar (XUSD), and Indonesian Rupiah (XIDR). These stablecoins operate across seven blockchain networks, including Ethereum and Polygon.
DSRV will utilize its proprietary interchain bridge and stablecoin issuance technologies to develop a payment infrastructure compatible with Singapore's stablecoin ecosystem. The collaboration between DSRV and StraitsX is expected to set a precedent for secure, regulation-compliant digital financial systems across Asia.
The partnership between DSRV and StraitsX is framed as a foundational step toward accelerating the development of stablecoin-based financial infrastructure in Asia. StraitsX has expanded its influence through key partnerships with regional and global players such as Grab and Alipay Plus, contributing to the evolution of stablecoin-based payment solutions in Singapore.
DSRV aims to establish itself as a central player in the Asian stablecoin landscape by combining technological innovation with institutional trust. The strategic collaboration between DSRV and StraitsX aims to drive innovation in stablecoin utilization, and the initiative is expected to contribute significantly to transforming the way countries in the region connect their payment systems using blockchain technology.
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