StraitsX

Earlier this week, we had the privilege of hosting participants from around the globe as part of a program organised by Singapore Cooperation Programme, and conducted by IPOS International. It was an incredible opportunity for us to share the StraitsX journey, delve into practical examples of #stablecoin-powered payment networks, and engage in insightful discussions on hot topics like #programmable money and Purpose Bound Money (#PBM). A big thank you to IPOS and the Singapore Cooperation Program for orchestrating such a meaningful event. We are grateful for the chance to contribute to the global dialogue on #blockchain innovation! #StraitsX #IPOS #SCP #payments #dialogue

$XUSD attestation report for June 2024 is now available! #StraitsXAttestation📒 Read more here 👉https://lnkd.in/gSgBdsVn

$XSGD attestation report for June 2024 is now available! #StraitsXAttestation📒 Read more here 👉https://lnkd.in/ghPPet_H

👀ICYMI: $XUSD is now listed on MEXC 🎉 ⏩Transfer Out XUSD from StraitsX to MEXC 💳Purchase XUSD via credit/debit card options on MEXC 🔀Engage in XUSD:USDT spot trading on MEXC For more details 👉https://lnkd.in/gYv3WPjv

🚀 Exciting News! 🚀 StraitsX has secured MPI licences from the Monetary Authority of Singapore (MAS) to offer more comprehensive digital payment services, and we’re opening up full public access to XUSD, the StraitsX U.S. Dollar-pegged #stablecoin!  🎉 💡Designed to facilitate swift, global, and 24/7 payments, the launch of $XUSD marks our continued expansion of stablecoin utility in digital payments. XUSD is acknowledged by MAS to be compliant with the upcoming stablecoin regulatory framework, with reserve assets held and maintained at a level equal to at least 100% of the outstanding stablecoin in circulation. These milestones mark significant steps in simplifying and securing #payment settlements, showcasing our commitment to building a safe and compliant digital asset ecosystem in SEA🌐🔒 Read more about our regulatory milestone and #XUSD here 👉 https://lnkd.in/gX5hAX2z Get XUSD here 👉www.straitsx.com/xusd

We're thrilled to have been given the opportunity to contribute to Amazon's whitepaper on Purpose Bound Money: 'A New Paradigm In Value Transfer'. As a trusted partner, our collaborative efforts with Amazon and other key stakeholders have been instrumental in exploring innovative solutions to real-world challenges. Our joint experiments, including Project Orchid, have demonstrated the material benefits of digital currency, such as lower costs, instant settlement, and enhanced regulatory compliance. As part of the next phase in #PurposeBoundMoney (PBM), Amazon and HSBC are focused on developing a tokenised payables system, aiming to address critical gaps in SME financing. This initiative, close to our hearts, seeks to lower risks and costs, ultimately helping SMEs reach their full potential. We extend our gratitude to Amazon, Grab, and the Monetary Authority of Singapore (MAS) for their invaluable inputs and collaboration on this whitepaper. Special thanks to Elevandi for providing a platform at the Point Zero Forum to launch and discuss these groundbreaking insights on #PBM. Explore the detailed findings and future directions in the Purpose Bound Money whitepaper below. #StraitsX #DigitalPayments #Collaboration #Innovation

🚀In a recent interview with Crowdfund Insider, Head of StraitsX, Kenny Chan shared insights into a few pivotal topics: 🔗 The integration between digital asset platforms and traditional financial systems to enhance greater accessibility to global financial systems  💡 The role of stablecoins in innovating, and democratizing financial services  📝 Stablecoins’ role alongside CBDCs in shaping financial systems Learn how StraitsX is shaping the global financial system through our cutting-edge #stablecoin technology and digital payment solutions 🌏 Read the full article here👉 https://lnkd.in/g4p4U8pK #StraitsX #XSGD #financialinclusion #payments

🎙️ ICYMI: Our CEO and co-founder, Tianwei Liu, joined the hosts of MONEY FM 89.3 this morning to share personal anecdotes on motivations behind StraitsX’s continuous push for innovative payment solutions, and also discussed the real-world applications of #stablecoins for #payments. Tune in to hear his thoughts on how #StraitsX is shaping financial inclusion 👉 https://lnkd.in/ggR9NX6R

Our Regional Head of Compliance, Aaron Chua, recently spoke at the Singapore Management University to participants of the Advanced Certificate in Web 3.0 - Future of Fintech, DeFi, and Token Economics course organised by TechFin Global. Aaron provided valuable insights into the nature of #stablecoins, and the regulatory landscape for digital assets in Singapore, also sharing how StraitsX is pioneering real-world use cases for stablecoins, 'Purpose Bound Money' (PBM) and Programmable #XSGD payments. "PBM when embedded with the right rules, can significantly reduce administrative overhead, ensure adherence to intended purposes, and shorten settlement processing times." Get in touch to learn more about our ongoing efforts to innovate and drive the future of digital payments 👉 https://lnkd.in/guW2fq_H #StraitsX #Web3 #Fintech #Stablecoins #Regulation #Innovation #DigitalPayments #PBM straitsx.com

$XSGD attestation report for May 2024 is now available! #StraitsXAttestation📒 Read more here 👉https://lnkd.in/gaDf32tB