The partnership between StraitsX, KBank, and Asian countries aims to enable real-time cross-border stablecoin settlement by Q2 2026.
Stablecoin-native settlement StraitsX announced plans to expand the StraitsX Payment Network across Thailand, Taiwan, and Japan, to establish real-time cross-border settlement corridors between Southeast Asia and Northeast Asia by Q2 2026.
This expansion introduces stablecoin-native settlement into existing financial and consumer payment ecosystems, enabling instant cross-border transactions with transparent FX conversion.
“The Thailand–Singapore corridor offers an opportunity to explore how stablecoins can strengthen existing payment ecosystems,” said Tianwei Liu, CEO and Co-Founder of StraitsX. “By embedding XSGD into established consumer rails like GrabPay and Q Wallet by KBank, we’re showing how trusted digital assets can deliver real-time settlement, transparent FX conversion, and interoperability at scale.”
Connecting Thailand and Singapore Through Stablecoin Settlement
In Thailand, StraitsX will collaborate with KBank and Orbix Technology to enable real-time QR interoperability between Thailand’s national QR payment system and Singapore’s SGQR framework. This partnership will explore using XSGD as the settlement asset for transactions, allowing consumers to pay through local wallets while merchants receive instant settlement in their domestic currency.
During the first phase, Thai travellers in Singapore will be able to pay at GrabPay and PayNow-enabled merchants using Q Wallet by KBank, with merchants receiving instant settlement in SGD. In the second phase, Singapore travellers in Thailand will be able to use their home wallets for seamless THB settlement, establishing a proof of concept for stablecoin-powered interoperability between national payment systems.
Expanding Regional Interoperability Across Japan and Taiwan
StraitsX will extend its regional settlement framework to connect regulated payment platforms across Japan, Taiwan, and Southeast Asia. This integration will enable users in Japan and Taiwan to transact with merchants in Southeast Asia, with all cross-border payments settled in XSGD in real time and accompanied by transparent FX conversion.
By embedding stablecoin settlement into trusted institutional and consumer payment systems, StraitsX is demonstrating how compliant, programmable finance can unify the region’s fragmented cross-border infrastructure.
Powering the Next Phase of Asia’s Payment Infrastructure
The expansion marks the next phase of the StraitsX Payment Network’s growth following Singapore’s first stablecoin-powered “scan-to-pay” experience introduced earlier this year. Together, these initiatives strengthen StraitsX’s position as the regional settlement layer for stablecoin-native payments across Asia.
“Asia is setting the pace for how stablecoins will power the next phase of global payments,” added Tianwei Liu, CEO and Co-Founder of StraitsX. “By embedding stablecoin settlement into the region’s most trusted consumer and institutional payment rails, we’re creating the infrastructure for programmable, borderless finance that can operate safely, transparently, and at scale.”
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