OKX Singapore launched scan‑to‑pay support allowing users to spend USDC and USDT at Grab Pay merchants by scanning Singapore’s unified QR code (SGQR) through OKX Pay.
OKX Singapore Enables USDC and USDT Payments at Grab Merchants via QR Codes
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Transactions will be settled onchain using the purpose bound money (PBM) framework, which applies programmable logic for compliant, conditional settlement, while regulated payment provider StraitsX performs compliance checks and real‑time validation. Merchant partners can accept stablecoin payments without directly handling digital payment tokens; XSGD, StraitsX’s SGD‑backed stablecoin, will serve as the underlying currency for settlement. The service is offered in collaboration with Grab and StraitsX and is positioned to enable stablecoin use for everyday transactions in Singapore.
