Stablecoin payment platform StraitsX partners with DRSV to further develop Asian digital currency transactions.

In a groundbreaking development, blockchain infrastructure firm DSRV has entered into a strategic partnership with Singapore-based digital payments platform StraitsX. This collaboration aims to establish a robust foundation for the stablecoin industry across Asia, driving innovation in stablecoin utilization and transforming the way countries in the region connect their payment systems using blockchain technology.

DSRV's efforts will be centered on reinforcing infrastructure based on regulatory alignment. The company plans to collaborate with StraitsX on the development of technology for issuance and redemption of fiat-based stablecoins. This partnership is expected to contribute significantly to the evolution of stablecoin-based payment solutions in Singapore.

StraitsX, which began issuing XSGD in 2020 under the Singapore Monetary Authority's regulatory sandbox and now functions with a major payment institution license, has expanded its influence through partnerships with regional and global players such as Grab and Alipay Plus. Consumers using major Korean digital wallets at GrabPay-supported merchants in Singapore can now complete transactions settled in XSGD.

StraitsX 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, enabling real-time, cross-border transactions by creating interoperable systems among various payment service providers in different countries.

DSRV aims to establish itself as a central player in the Asian stablecoin landscape by combining technological innovation with institutional trust. The company will utilize its proprietary interchain bridge and stablecoin issuance technologies to develop a payment infrastructure compatible with Singapore's stablecoin ecosystem.

The partnership between DSRV and StraitsX is not only focused on enhancing payments but also on fostering sustainable growth in the global payments sector. The goal is to enable real-time, cross-border transactions by creating interoperable systems among various payment service providers in different countries. This development signals a significant leap in the use of stablecoins to facilitate seamless, borderless retail payments in Southeast Asia.

The collaboration is expected to set a precedent for secure, regulation-compliant digital financial systems across Asia. StraitsX emphasizes the importance of building a regulatory-friendly ecosystem that supports stablecoin adoption while maintaining compliance across jurisdictions. DSRV and StraitsX collaborate with Singapore, Indonesia, and Thailand to build an interoperable blockchain-based cross-border payment system, considering regulatory authorities such as the Monetary Authority of Singapore (MAS), the Indonesian Financial Services Authority (OJK), and the Bank of Thailand.

The strategic collaboration between DSRV and StraitsX aims to drive innovation in stablecoin utilization. As the partnership progresses, it is expected to contribute significantly to transforming the way countries in the region connect their payment systems using blockchain technology.

Stablecoin payment platform StraitsX partners with DRSV to further develop Asian digital currency transactions.