Overview
- Under the agreement, Grab will explore embedding a Web3-connected wallet in its app alongside a stablecoin settlement layer using StraitsX assets such as XSGD and XUSD.
- StraitsX is tasked with technical development for wallet functionality, payment processing, and smart contract-based clearing and settlement for GrabPay merchants.
- User access to stablecoins and any in-app fiat–stablecoin conversions will proceed only with regulatory approvals in relevant markets.
- The companies say the proposed network targets lower cross-border fees, clearer FX, and interoperability with existing Web2 payment rails.
- The roadmap includes AML and CTF controls, programmable settlement and on-chain treasury tools for merchants, and plans to scale adoption across key Asian markets.