Story perspectives
OKX Launches First Stablecoin Scan-to-Pay in Singapore
9/30/2025
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Story summary
- OKX Singapore launches OKX Pay, the first stablecoin-powered scan-to-pay in Singapore, enabling USDT or USDC at GrabPay merchants.
- Users pay by scanning SGQR codes, with transactions settled instantly in SGD.
- The service runs through the OKX SG app, delivering instant conversion and compliance.
- Supported by StraitsX and Grab, StraitsX's XSGD pegged 1:1 to SGD for local settlements under Singapore's framework.
