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Stablecoins are challenging Asia’s financial order
Southeast Asia, Stablecoins, Cross-border Payments, Singapore Chester Tan Southeast Asia, Stablecoins, Cross-border Payments, Singapore Chester Tan

Stablecoins are challenging Asia’s financial order

And for Singapore-based StraitsX, its local currency token presents opportunities to optimise payments made to merchants in the Republic.

Its XSGD token, which trades on Coinbase, is the only Singapore dollar-backed stablecoin to date that has been deemed "substantively compliant" with the Monetary Authority of Singapore's (MAS) single-currency regulatory structure, which was finalised in 2023.

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