StraitsX Secures $10 Million for Stablecoin Expansion in Asia

StraitsX, a leading provider of stablecoins, has secured a significant $10 million funding round to support its expansion efforts across Asia. This investment is driven by partnerships with UQPAY and NTT DOCOMO, both key players in the Asian financial landscape. The funds will be primarily used to enhance cross-border payment capabilities through API integrations and on-chain settlements. StraitsX aims to build a robust stablecoin ecosystem that seamlessly connects traditional finance with Web3 technologies throughout Asia.