StraitsX now processes more than $500 million in monthly stablecoin-backed card payments, with roughly 85% of transactions falling below $50. Between the fourth quarter of 2024 and the fourth quarter of 2025, transaction volume grew 40-fold, while the number of cards issued increased 83 times. RedotPay, which uses StraitsX infrastructure, generated more than $2.95 billion in card payments in 2025. A new partnership with Visa aims to extend card issuance to more than 100 markets. StraitsX, a payment institution licensed by Singapore’s Monetary Authority, also issues the XSGD and XUSD stablecoins and has handled nearly $30 billion in cumulative transactions.
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