MetaComp, a regulated financial institution under the Monetary Authority of Singapore (MAS), has officially launched StableX, a next-generation FX infrastructure powered by stablecoins. The platform aims to revolutionize cross-border payments by streamlining how businesses, institutions, and fintechs move money globally.
MetaComp, a licensed institution in Singapore, has released the cross-border foreign exchange payment infrastructure platform, StableX. The platform is specifically designed to meet the foreign exchange needs of cross-border merchants, financial institutions, payment service…
— Wu Blockchain (@WuBlockchain) May 14, 2025
Designed specifically for cross-border merchants, payment providers, and financial institutions, StableX delivers real-time execution, cost efficiency, and round-the-clock access to liquidity. Central to this innovation is an intelligent routing engine that dynamically selects the most efficient payment rail—whether USD or supported stablecoins like USDT and USDC—based on cost, speed, and settlement reliability. Looking ahead, MetaComp plans to expand support to other stablecoins, including FDUSD, PYUSD, and WUSD.
Moreover, StableX stands out for its dynamic multi-currency processing capabilities. For example, a transaction initiated in Singapore Dollars (SGD) can be routed through stablecoins before converting to United Arab Emirates Dirhams (AED), resulting in faster settlement and minimized friction. At launch, the platform supports several key currencies—USD, EUR, GBP, SGD, and AED—with plans to scale up to 31 major and exotic currencies.
Underscoring the platform’s mission, Tin Pei Ling, Co-President of MetaComp, stated that StableX was “purpose-built to give businesses 24/7 access to FX infrastructure that’s fast, intelligent, and reliable.” Co-President and COO Eddie Hui added that StableX bridges the divide between outdated legacy infrastructure and the agile, digital-first needs of today’s global businesses.
Further strengthening its institutional value, StableX integrates with MetaComp’s Client Asset Management Platform (CAMP), which offers custody, OTC trading, and compliant payment services such as collection-on-behalf (COBO) and payment-on-behalf (POBO). Through CAMP, users can also access yield opportunities via Alpha Ladder Finance, MetaComp’s MAS-licensed parent company, under the CMS and RMO regulatory frameworks.
The launch of StableX comes at a time when the digital payments space is accelerating. In a related development, Visa recently announced the integration of stablecoins like USDC and USDT into its network, enabling crypto payments at over 150 million merchants globally. This alignment between infrastructure innovation and mainstream adoption signals a broader shift toward stablecoin-powered financial systems.
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