StraitsX is expanding its stablecoin payment network across Asia, linking Singapore, Thailand, Taiwan and Japan through real-time cross-border settlement rails.

In Thailand, StraitsX will partner with KASIKORNBANK (KBank) and Orbix Technology to enable real-time QR interoperability between Thailand’s national QR payment system and Singapore’s SGQR framework.

The collaboration explores using the XSGD stablecoin as the settlement asset, allowing consumers to pay through familiar local apps while merchants receive settlement in their domestic currencies.

Thai travellers in Singapore will soon be able to use KBank’s Q Wallet to pay at GrabPay and select PayNow-enabled merchants with Q-money. Payments will be settled instantly in Singapore dollars.

A second phase, pending regulatory approval, will enable Singapore travellers to pay Thai merchants with seamless baht settlement.

The expanded network, expected to go live in the second quarter of 2026, will connect regulated consumer and institutional payment platforms in Taiwan and Japan through a regional settlement framework.

This aims to strengthen interoperability between payment ecosystems in Southeast and Northeast Asia, with cross-border transactions settled in XSGD behind the scenes and completed in real time with transparent FX conversion and regulatory alignment.

These developments follow StraitsX’s rollout of Singapore’s first stablecoin-based “scan-to-pay” service in September.

“The Thailand-Singapore corridor offers an opportunity to explore how stablecoins can strengthen existing payment ecosystems.

By embedding XSGD into established consumer rails like GrabPay and Q Wallet by KBank, we’re showing how trusted digital assets can deliver real-time settlement, transparent FX conversion, and interoperability at scale,”

said Tianwei Liu, CEO and Co-Founder of StraitsX.

Featured image: Edited by Fintech News Singapore, based on image by wayhomestudio via Freepik