Stablecoin payments reach GrabPay merchants via OKX Pay in Singapore

**OKX Pay Revolutionizes Singapore's Cryptocurrency Payment Landscape with Stablecoin Integration**

Singapore's cryptocurrency adoption accelerated significantly as OKX launched its groundbreaking OKX Pay service on September 30, 2025, enabling mainstream stablecoin payments across GrabPay merchant networks. This innovative blockchain-powered solution allows users to seamlessly pay merchants using popular stablecoins USDC and USDT, automatically converting transactions through StraitsX's XSGD stablecoin before final settlement in Singapore dollars.

The strategic partnership between OKX, StraitsX, and Grab represents a major milestone in DeFi integration with traditional payment rails, addressing previous cryptocurrency settlement friction points. Users simply scan GrabPay SGQR codes to initiate on-chain transfers, creating a frictionless bridge between digital assets and fiat currency transactions.

This development signals growing merchant interest in cryptocurrency payments and positions Singapore as a leading hub for blockchain-based financial innovation. The service demonstrates how stablecoins can facilitate practical, everyday Bitcoin and cryptocurrency usage while maintaining regulatory compliance through automatic SGD conversion, potentially accelerating mainstream digital asset adoption across Southeast Asia's payment ecosystem.