Ride-hailing giant Grab and StraitsX jointly explore building a Web3 wallet and a stablecoin-based settlement layer

ChainCatcher reported that Southeast Asian ride-hailing giant Grab has signed a memorandum of understanding with Singapore stablecoin payment infrastructure provider StraitsX to jointly explore building a Web3 wallet and a stablecoin-based settlement layer in Asia. This collaboration plans to integrate Web3 wallet functionality into the Grab app, enabling users to hold and use stablecoins such as XSGD and XUSD for transactions, while also allowing GrabPay merchants to accept stablecoin payments from both local and overseas consumers.