Stablecoin Firm StraitsX Raises $10M to Grow Web3 Payments in Asia

StraitsX, a leading Asian stablecoin provider, has successfully secured $10 million in funding to accelerate Web3 payments infrastructure across the Asia-Pacific region. The cryptocurrency firm plans to leverage this capital injection to expand its blockchain-based settlement solutions and launch innovative cross-border payment services alongside card-based offerings.

This significant funding round positions StraitsX at the forefront of Asia's growing digital asset ecosystem, as the company aims to bridge traditional finance with decentralized finance (DeFi) solutions. The stablecoin specialist will focus on enhancing cryptocurrency payment rails and developing robust Web3 infrastructure to support seamless cross-border transactions.

The $10 million investment comes amid rising institutional adoption of blockchain technology and increasing demand for efficient digital payment solutions across Asian markets. StraitsX's expansion strategy targets the rapidly evolving cryptocurrency landscape, where stablecoins play a crucial role in facilitating Bitcoin and digital asset trading while maintaining price stability.

This development signals growing investor confidence in Asian crypto markets and highlights the region's potential for mainstream blockchain adoption, positioning StraitsX as a key player in the next generation of financial technology infrastructure.