Quick Breakdown
- OKX launches Singapore’s first stablecoin-powered scan-to-pay service, enabling payments with USDT or USDC at GrabPay merchant-partners.
- Users can pay by scanning a GrabPay SGQR code within the OKX SG app, with merchants receiving SGD instantly while funds are deducted from stablecoin balances.
- The service expands stablecoin utility beyond trading and investing, offering a secure and convenient way to make everyday payments across Singapore’s wide merchant network.
OKX has introduced OKX Pay, Singapore’s first stablecoin-powered scan-to-pay service, marking a significant step in bringing crypto payments into everyday transactions. The new feature allows customers to pay with USDT or USDC at thousands of GrabPay merchant-partners by simply scanning a GrabPay SGQR code.
From your morning kopi to nightly groceries – OKX Pay x Grab is live across the Lion City 🇸🇬
Singapore’s first‑of‑its‑kind stablecoin scan‑to‑pay. Real‑world payments, real momentum.
Now available in Singapore.
— OKX (@okx) September 30, 2025
Stablecoins enter mainstream payments
Built directly into the OKX SG app, the service enables users to spend stablecoins for purchases at cafés, shops, restaurants, and hawker stalls across Singapore. Merchants receive Singapore dollars (SGD) instantly, while payments are deducted from the user’s stablecoin balance. Participating locations include major outlets such as Best Denki, Cedele, Jumbo, and Toast Box, offering a seamless way to pay without top-ups or extra steps.
The system is powered by a partnership with StraitsX and Grab, combining stablecoin technology with Singapore’s established cashless infrastructure. By leveraging GrabPay’s extensive merchant network, OKX Pay opens stablecoin usage beyond trading and investing, making them practical for daily spending.
Singapore positioned as crypto payments hub
Singapore’s status as a global leader in digital innovation and cashless payments makes it a natural launchpad for the service. OKX Pay gives customers full control of their funds through a secure platform while ensuring instant, trustworthy transactions.
The launch highlights stablecoins’ growing role in real-world finance, addressing long-standing barriers such as complex processes and limited merchant adoption. With OKX Pay, stablecoins move from speculative assets to functional money, signaling a potential shift in how digital currencies are used in everyday life.
As stablecoin adoption accelerates globally, Singapore’s early embrace of OKX Pay underscores the city-state’s ambition to remain at the forefront of financial technology and crypto innovation.
In a separate move, OKX founder and CEO Star Xu revealed that the company quietly developed a decentralized perpetuals trading platform in 2023 through its Web3 division, targeting competitors like Hyperliquid and Aster as part of its broader DeFi strategy.
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