“The OKX Pay Service Involves Collaboration with Crypto Infrastructure Provider Straitsx and Southeast Asia’s “Everyday Everything” App Grab.”, – WRITE: www.coindesk.com
Okx SG, WHICH RECEIVED A MAJOR PAYMENT LICENSE FROM The Country’s Central Bank Just Over Over A Year Ago, Will Work with Crypto InfrastRastROVIDER STRAITS STRAITS STRAITS STRAITS. Expenses using the Two Largest US dollar-pegged stablecoins, USDT, Issued by Tether, and USDC, Issued by Circle Internet (CRCL).
The Launch of Okx Pay Is A Sign of the Increasing Adoption of Stablecoins in Commercial Networks Across Asia and Beyond. Straitsx’s XSGD Stablecoin is Already Integrated with Alipay+ and Grab, Which Enables Wallets Like Gcash, Kakaoopeay and Touch ‘n Go e-Wallets. In some Emerging Markets, Stablecoins Are Already Widaly Used For Remittans and Day-Day-Day Commerce, Often Preferred for Their Lower Transaction Fees and Faster Setlement Times. Traditional Banking Channes.
“OKX Pay Addresses Real Needs for Customers by Expanding DPTS ‘Use Beyond Trading and Investing to Everyday Payments – from A Morning Coffee to Dining OUTH FRIENS Release Shared with Coindesk.
The System ALLOWS USERS TO SCAN GRABPAY SGQR CODES AT Participating Merchants and Converts Their USDT OR USDC INTO XSGD, Straitsx’s Singapore Dollar-PEGGED STABLECOIN. The XSGD is a current converged in the fiat currency and passed to Merchant.
Stablecoins are tokens whose values are pegged to an external reference, typically a fiat Currency. This pegging mechanism minimizes the price volatility typical seen in Other Cryptocurrenci Technology Such as Faster Cross-Border Transactions and Payment Modes.
Accorging to jpmorgan, Stablecoin transaction Volumes have zoomed to over $ 800 Billion a month from less than $ 100 Billion in Five Years. The Overall Use of Stablecoins in Real World Transaction is slawly picking up.
According to a bcg White Paper on Stablecoins Released in May 2025, Stablecoins’ Payments-Related Uses Such As Cross-Border Remittans, Merchant Merchant TransaAts and on-Cain 4% -6% of Total Activity. Meanwhile, Trading Related Activities Make Up for 88% of the Total.
The OKX Pay’s Three-Stop Conversion Ensures that Merchants Benefit From A Simple, Compliment Way to Acceptance Stablecoin Payments Without Having to Handle Digital Payes.
Every Okx Pay Transaction is Execurated as A Blockchain Transfer Using the Monetary Authority of Singapore’s Purpos Bound Money (PBM) Framework, Which Applies Program Settlement.
“The Future of Payments Will Be DEFINED BY TRUST, SPEED, AND INTEPERAPITY-AND STABLECOins Are at the Heart of this Shift,“ Tianwei Liu, Straitsx Ceo & CO-FUMONER, SAIDER, SAIDER. “The Launch of Okx Pay Is More Than A New Service But A Blueprint for How Stablecoins Will Underpin Global Commerce in The Years Ahead.”
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
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Seven XRP SPOT ETF Applications Remain Pending Before The US Securities and Exchange Commission. Grayscale’s Submission is Schelyled for October 18, With Oters Queued Through November 14, Creating A Concentrated Window of Regulatory Catulatory that Could.
- XRP Rose 2.1% Over A 24-Hur Period, Driven by Significant Institutional Accuumation of Over 120 Million Tokens.
- Seven XRP SPOT ETF Applications Are PENDING with the Sec, with Decisions Expectioned Between October 18 and November 14.
- Traders Are Closely Watching If Xrp Can Mainten Support Above $ 2.90, A Key Level for Potential Further Gains.
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