HIVEX® Partners with StraitsX to Launch Multi-Currency Stablecoin Settlement Across Asia
Asia’s First Layer-1 Blockchain Network Powers Compliant Cross-Border Payments at Consumer Scale
Singapore and Silicon Valley, USA; November 10, 2025 – HIVEX®, the first Layer-1 blockchain network purpose-built for cross-border mobile payments settlement, announced the expansion of its StableLink™ stablecoin settlement infrastructure through a strategic partnership with StraitsX, a Major Payment Institution licensed and regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act of 2019.
This partnership marks a major milestone for HIVEX StableLink, the multi-currency settlement layer that enables wallets and financial institutions to settle cross-border payments. Through the integration of StraitsX’s Singapore dollar-pegged XSGD and U.S. dollar-pegged XUSD, HIVEX will enable live multi-currency settlement corridors connecting key Asian markets supporting over 1.5 billion mobile wallet users and millions of merchants.
“This is a breakthrough moment not just for HIVEX, but for Asia’s digital payment landscape,” said Ling Wu, Founder and CEO of TBCASoft and HIVEX. “We are turning stablecoin settlement from a pilot into real-world infrastructure - supporting tourism, commerce, and interoperability between Asia’s most vibrant economies.”
A Compliant Blockchain Infrastructure for Real-World Payments
Unlike public, crypto-native blockchains, HIVEX is a permissioned Layer-1 network designed specifically for financial institutions, mobile wallets, and regulators. It enables real-time, FX-transparent, and fully auditable settlement using fiat-backed stablecoins that align with emerging regulatory frameworks, ensuring trust and compliance across jurisdictions.
By integrating with StraitsX’s XSGD and XUSD, HIVEX now supports:
Instant cross-border payments and settlement between wallets and merchant networks with the StraitsX ecosystem;
On-chain FX conversion based on binding exchange rates, enhancing transparency for users and providers;
Compliant infrastructure with capabilities to execute settlement of consumer payments in stablecoins that are backed by local currency reserves, facilitating on- and off-ramp operations.
The integration allows users to scan-to-pay across borders using their familiar local wallets, while merchants receive instant settlement in their local currency, all powered by stablecoins on the HIVEX chain.
Accelerating the HIVEX StableLink Network
The HIVEX–StraitsX collaboration is part of the broader HIVEX StableLink initiative, which invites compliant stablecoin issuers to participate in a shared, interoperable settlement framework for digital and mobile payments on the HIVEX chain. The goal is to build a truly interoperable, neutral, and multi-currency network for global mobile payments.
“Stablecoins like XSGD are becoming the invisible infrastructure for international payments. HIVEX provides the regulatory-grade blockchain foundation to make them work in the real world,” added Ling Wu. “Together with StraitsX, we are demonstrating what stablecoin adoption should look like: compliant, interoperable, and embedded in the systems people already use.”
About HIVEX
HIVEX is the first Layer-1 blockchain network specifically designed for cross-border clearing and settlement of mobile payments. Developed by TBCASoft, Inc., HIVEX connects over 1.5 billion KYC-verified wallets and has already enabled live QR/NFC payments across Asia. Its StableLink initiative introduces multi-currency stablecoin settlement on-chain, powering real-time, compliant transactions across wallets, banks, and regulated digital asset issuers.
About StraitsX
StraitsX is the stablecoin-native settlement layer driving global finance, and a Major Payment Institution licensed by the Monetary Authority of Singapore. As the issuer of XUSD and XSGD stablecoins, StraitsX leverages the power of blockchain and stablecoin technology to drive payments interoperability while offering innovative tools for liquidity management, stablecoin integration, and cross-border transactions. Partnering with leading financial institutions, global liquidity providers, and payment technology partners, StraitsX delivers cutting-edge payment solutions in a highly regulated and reliable environment, bridging the gap between traditional finance and the digital economy.
Website: https://www.straitsx.com
Media contact:
TBCASoft, Inc.
Marketing@TBCASoft.com
