Grab Super App Eyes Stablecoin Settlement With StraitsX

Grab, Southeast Asia’s largest super-app, is taking a deeper step into stablecoin infrastructure with a new exploratory agreement with StraitsX, a Singapore-based stablecoin issuer.

The two companies announced on Tuesday that they had signed a memorandum of understanding (MOU) to develop a Web3-enabled settlement layer that brings digital asset wallets, programmable payments and stablecoin-based clearing into everyday consumer experiences. 

If approved by regulators and implemented, the system would allow Grab users to hold and spend StraitsX-issued…