Ride-hailing giant Grab and StraitsX explore building a Web3 wallet and a settlement layer based on stablecoin.

2025-11-18 03:17:57

According to Mars Finance, on November 18, Southeast Asian ride-hailing giant Grab signed a memorandum of understanding with Singapore stablecoin payment infrastructure provider StraitsX to jointly explore building a Web3 Wallet and stablecoin-based settlement layer in Asia. This cooperation plan will integrate Web3 Wallet functionalities into the Grab app, enabling users to hold and use stablecoins such as XSGD and XUSD for transactions, while allowing GrabPay merchants to accept stablecoin payments from local and overseas consumers.

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