- StraitsX’s new $10M funding round involves key players like UQPAY and NTT DOCOMO.
- Funds will enhance stablecoin and fiat integration for Web3 ecosystems.
- Boost expands StraitsX’s reach within Asian markets and payment networks.
StraitsX secured $10 million in financing from UQPAY and NTT DOCOMO to enhance its stablecoin infrastructure integrating fiat networks and expand in Asia.
This investment underscores growing institutional interest in regulated stablecoins, potentially strengthening Asia’s digital payment systems and bridging traditional finance with the Web3 ecosystem.
StraitsX Raises $10M to Scale Asian Stablecoin Reach
StraitsX has successfully completed a $10 million financing round with lead investor UQPAY and ongoing support from NTT DOCOMO. Participants aim to expand the stablecoin’s infrastructure, enhancing fiat network integration and Web3 ecosystem compatibility.
The development marks a significant expansion effort for StraitsX across the Asian region. The $10 million investment targets building stablecoin assets, anticipating a seamless connection between centralized fiat networks and decentralized ecosystems.
XSGD and Regional Integration: Current Status and Future Outlook
Did you know? Stablecoins like XSGD have been gaining popularity in Asia, aligning with regional payment networks more than traditional cryptocurrencies.
XSGD, pegged to the Singapore Dollar, currently trades at $0.77, reflecting a slight 0.07% decline over 24 hours. With a market cap of $16.89 million and a 66.25% drop in 24-hour trading volume, XSGD remains a key stablecoin, CoinMarketCap reports.
XSGD(XSGD), daily chart, screenshot on CoinMarketCap at 22:01 UTC on October 26, 2025. Source: CoinMarketCapThe Coincu research team anticipates that regulatory support for such integrations can enhance StraitsX’s footprint, fostering growth in diverse financial infrastructures. Data trends underscore stablecoin potential amidst secure transactional frameworks across Southeast Asia.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/news/straitsx-10m-funding-stablecoin-expansion/
