Stablecoin card use surges in Southeast Asia

StraitsX, a Singapore-based fintech firm, has experienced explosive growth in its stablecoin card program, witnessing a 40-fold increase in transaction volume and an 83-fold rise in card issuance between 2024 and 2025. The company's infrastructure enables seamless, real-time stablecoin settlements for partner cards, making the underlying crypto technology virtually invisible to consumers. This surge aligns with broader trends in the crypto card market, which saw significant global volume increases during the same period. StraitsX is now expanding its reach across Southeast Asia and plans to introduce machine-to-machine micropayments on the Solana blockchain with its new stablecoins, XSGD and XUSD.