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Grab and StraitsX have signed a memorandum of cooperation to jointly build a Web3 wallet and stablecoin settlement network.

GateNews

2025-11-18 02:39:11

PANews November 18 news, Southeast Asian ride-hailing giant Grab has signed a memorandum of cooperation with Singapore stablecoin platform StraitsX, planning to create a Web3 wallet and stablecoin settlement network for the Asian market. Both parties will promote the integration of the Web3 wallet into the Grab App, allowing GrabPay merchants to accept stablecoins such as XSGD and XUSD, and achieve cross-border, real-time, compliant settlement. The system will introduce smart contracts and on-chain funds management, with all user assets managed by non-hosted wallets in accordance with regulatory requirements.

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