Ride-hailing giant Grab collaborates with StraitsX to explore the construction of a Web3 wallet and a stablecoin-based settlement layer

Southeast Asian ride-hailing giant Grab has signed a memorandum of understanding with Singapore-based stablecoin payment infrastructure provider StraitsX to jointly explore building a Web3 wallet and a stablecoin-based settlement layer in Asia. This collaboration aims to integrate Web3 wallet functionalities into the Grab app, enabling users to hold and transact with stablecoins such as XSGD and XUSD, while allowing GrabPay merchants to accept stablecoin payments from local and overseas consumers.