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Ride-Hailing Giant Grab Partners with StraitsX to Explore Building a Web3 Wallet and Stablecoin-Based Settlement Layer
BlockBeats News, November 18th, Southeast Asian ride-hailing giant Grab 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. The partnership plans to integrate Web3 wallet functionality into the Grab app, allowing users to hold and use stablecoins such as XSGD and XUSD for transactions, while enabling GrabPay merchants to accept stablecoin payments from both local and international customers.
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