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StraitsX and Visa to Extend Stablecoin Card Issuing to 100+ Markets

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StraitsX and Visa to Extend Stablecoin Card Issuing to 100+ Markets

The company reported annualised gross transaction volume of more than US$6 billion across its stablecoin-backed card programmes in Asia, a figure that gives the partnership a credible commercial foundation. The expanded capability is designed for fintechs, Digital Payment Token (DPT) service providers and wallet operators that want to issue cards connected to stablecoin balances and digital asset payment flows, while consumers and merchants continue to use the standard Visa acceptance network. The announcement noted that the expansion remains subject to applicable regulatory, compliance and Visa requirements.

Tianwei Liu, chief executive and co-founder of StraitsX, said the growth of stablecoin-backed cards in Asia had demonstrated a practical path from settlement-layer use case to everyday payments. “Expanding our issuing capabilities globally allows us to bring the same infrastructure to businesses looking to build and scale card programs across markets,” he said. Rubail Birwadker, Global Head of Growth Products and Partnerships at Visa, described the collaboration as connecting stablecoin payment flows to the scale and reliability of Visa’s global network.

The structural significance of this deal lies in the distribution model. Stablecoin-to-card bridging is one of the few mechanisms through which dollar or Singapore-dollar denominated stablecoins can be used at the point of sale without requiring merchant adoption of new payment rails. By sitting inside the Visa acceptance network, StraitsX can offer its fintech and DPT-service-provider clients access to tens of millions of merchant locations while retaining stablecoin balances and settlement on its own infrastructure layer.

StraitsX issues the XUSD and XSGD stablecoins and holds a Major Payment Institution licence from MAS.


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