Grab Expands Stablecoin Usage with Web3 Wallet and StraitsX Payment System

Updated

November 19, 2025

Gambar Grab Expands Stablecoin Usage with Web3 Wallet and StraitsX Payment System

Jakarta, Pintu News – Grab, Southeast Asia’s largest super app, is deepening its involvement in stablecoin infrastructure with a new partnership with StraitsX, a Singapore-based stablecoin issuer.

The two companies recently announced the signing of a memorandum of understanding to develop a settlement layer enabled by Web3. This includes digital asset wallets, programmable payments, and stablecoin-based clearing integrated in everyday consumer experiences.

Grab and StraitsX partnership

Through this partnership, Grab users will be able to hold and spend StraitsX-issued tokens such as XSGD and XUSD directly through the Grab app.

The app is available in countries including Singapore, Malaysia, Indonesia, Thailand, Vietnam, Philippines, Cambodia and Myanmar. If approved by regulators and implemented, the system will change the way cross-border retail payments operate in the region.

This partnership is not Grab’s first in the stablecoin space. Previously, Grab has tested the use of blockchain for rewards, collaboration with Web3 wallet, and limited pilots to assess user readiness. In 2023, Grab partnered with Circle to test the Web3 customer experience in Singapore.

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Broader Implementation of Web3 in the Grab App

At the heart of this proposal is the integration of the Web3 wallet within the Grab app. This allows users to make cross-border payments, convert between fiat and stablecoins, and receive funds from external Web3 wallets.

With this, traders will also receive a Web3-compatible wallet that offers programmable settlement, onchain financial tools, and real-time clearing.

This initiative could lower costs compared to card networks and reduce liquidity challenges. However, the realization of this initiative is still subject to regulatory approval in the various jurisdictions where Grab operates. Each jurisdiction has a different oversight model for stablecoins, e-money and digital assets.

Impact and Potential Changes to Cross-Border Payments

With Grab’s extensive reach in Southeast Asia, this move has the potential to significantly change the way cross-border payments are made in the region. A more integrated and efficient payment system could replace the current separate and high-cost cross-border flows. This demonstrates Grab’s broader ambition to opt for an onchain settlement rail that can be the foundation for all major markets where Grab operates.

Grab is exploring the more fundamental question of which stablecoin infrastructure should support its future payment streams. This marks an escalation from previous experiments and indicates greater ambition to integrate blockchain technology in its operations.

Conclusion

The agreement between Grab and StraitsX marks an important step in the evolution of digital payments in Southeast Asia. By combining Web3 technology with an extensive network, Grab has the potential to bring significant changes to the way transactions are conducted in the region. While there are still many challenges, especially on the regulatory front, the potential for innovation and greater efficiency is huge.

FaQ

What is the main purpose of the partnership between Grab and StraitsX?

The partnership aims to develop a Web3-based settlement layer that includes digital asset wallets, stablecoins, and programmatic payments within the Grab app.

Who are the parties involved in developing this stablecoin infrastructure?

The initiative involves Grab and StraitsX, a Singapore-based stablecoin issuer that develops tokens such as XSGD and XUSD.

When will the memorandum of understanding be announced?

The memorandum of understanding was announced recently, marking Grab’s expansion into Web3 and stablecoin technology integration.

Where will this stablecoin feature be available?

The feature is planned to be available in Grab apps operating in various Southeast Asian countries, including Singapore, Indonesia, Malaysia, Thailand, Vietnam, Philippines, Cambodia and Myanmar.

Why is stablecoin integration important for Grab?

This integration can improve the efficiency of cross-border payments, lower costs, and open up access to blockchain-based transaction settlement.

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