StraitsX says stablecoin Visa cards are settling hundreds of millions monthly, used mostly for small purchases — CryptoBriefing report

Opening — what was reported

CryptoBriefing reports that StraitsX CEO Tianwei Liu told the outlet StraitsX processes over $500 million per month in card payments, and that roughly 85% of those card transactions are under $50, used for everyday purchases such as groceries and household basics.

The article attributes to StraitsX large year‑over‑year growth in card usage and card issuance between the fourth quarter of 2024 and the fourth quarter of 2025, and it reports a newly disclosed Visa partnership announced in October 2026 intended to enable card issuance into more than 100 markets, subject to local regulatory responses.

Essential confirmed facts (source‑attributed)

The following items are reported by CryptoBriefing and attributed to StraitsX leadership or company disclosures:

• StraitsX processes over $500 million per month in card payments.

• About 85% of StraitsX card transactions are under $50 and are cited as purchases like groceries and household basics.

• Card transaction volume grew 40‑fold between Q4 2024 and Q4 2025; cards issued rose 83‑fold over the same period.

• RedotPay, a partner, processed over $2.95 billion in card volume through StraitsX during 2025.

• StraitsX reports nearly $30 billion in cumulative stablecoin transactions across its wider business.

• StraitsX operates as a licensed Major Payment Institution under the Monetary Authority of Singapore and issues stablecoins XSGD and XUSD.

• StraitsX acts as a Visa BIN sponsor and announced a Visa partnership (Oct 2026) described as enabling card issuance into 100+ markets, subject to local regulations.

Context — why these claims matter

If accurate, the reported monthly card volume and the high share of small transactions would indicate stablecoin‑backed cards are being used for everyday retail purchases rather than primarily for trading or large transfers.

The scale of reported growth in 2025 compared with late 2024 would suggest a rapid rollout of card programs and partner integrations in the period described by StraitsX.

Being a licensed Major Payment Institution in Singapore and acting as a Visa BIN sponsor would be material for partners that want to issue cards without building BIN infrastructure, but CryptoBriefing’s report frames the Visa tie as subject to market‑by‑market regulatory responses.

Detailed reported developments

Usage profile: CryptoBriefing reports StraitsX says around 85% of card transactions fall below $50, with purchase examples including groceries and household basics. That framing positions most transactions as routine, low‑value consumer spending.

Growth metrics: The article reports a 40‑fold increase in card transaction volume and an 83‑fold increase in cards issued when comparing Q4 2024 with Q4 2025. The piece also reports that RedotPay processed over $2.95 billion in card volume through StraitsX during 2025.

Cumulative stablecoin activity and regulatory posture: CryptoBriefing reports StraitsX has handled nearly $30 billion in cumulative stablecoin transactions and that the company is licensed as a Major Payment Institution under the Monetary Authority of Singapore.

Visa partnership and market expansion: CryptoBriefing reports StraitsX announced a Visa partnership in October 2026 described as enabling card issuance into over 100 markets, while noting that local regulatory approvals and responses will affect actual rollout.

Analysis — interpretation and limits

Reported figures are attributed to StraitsX via CryptoBriefing reporting. These are meaningful claims about adoption, but the outlet’s article is the supplied source; primary documentation such as audited transaction statements, partner confirmations beyond RedotPay’s reported volume, or regulator filings were not supplied here.

The characterization of most transactions as sub‑$50 retail spending, if accurate, suggests stablecoin cards are functioning as payment rails for everyday commerce rather than being dominated by large transfers or speculative activity. However, transaction count, merchant categories, geographic distribution and merchant acceptance network details were not provided in the supplied ledger.

The Visa partnership is framed as a mechanism to scale issuance into many markets, but CryptoBriefing explicitly notes that expansion remains subject to local regulatory responses. That caveat means announced geographic reach is a target or capability rather than a guarantee of immediate market access.

Key unknowns and limits

CryptoBriefing is the source of the reported numbers and attributions; independent verification (for example, audited transaction records, regulator confirmation beyond the licensing statement, or corroborating partner statements) was not supplied in the evidence ledger.

The ledger does not include granular payments data (transaction counts, merchant categories beyond examples, user demographics, chargeback/fraud rates) or detailed timelines for the Visa partnership rollout per jurisdiction.

The operational arrangements supporting the claimed volumes (custody, settlement paths, fiat corridors, merchant acceptance contracts) are not documented in the supplied evidence.

Significance — what this could mean for payments and crypto

If the reported figures and usage profile hold up under independent scrutiny, stablecoin‑backed cards could be emerging as practical retail payment rails in at least some markets, potentially increasing on‑ramp/off‑ramp options for consumers who prefer stablecoin settlement.

A Visa partnership and BIN sponsorship capability would lower technical barriers for fintech and crypto firms to issue cards, but regulatory constraints in each jurisdiction will shape whether and how quickly those cards become available to consumers.

Questions for readers and next steps

Readers may reasonably ask: Can the reported $500 million/month and sub‑$50 usage mix be corroborated by independent statements or filings? Which markets and partners are live today, and which remain pending regulatory approval? What consumer protections and dispute processes apply to stablecoin card payments in each jurisdiction?

Next reporting steps would include seeking primary transaction data or vendor confirmations, statements from Visa about the BIN sponsorship arrangement, and any public filings or notices from the Monetary Authority of Singapore referencing StraitsX’s Major Payment Institution licence status.

Current status

The information in this brief is based on a CryptoBriefing report that attributes the claims to StraitsX CEO Tianwei Liu and company disclosures. The ledger supplies no independent primary documents beyond that reporting.

There are no unconfirmed claims listed in the supplied evidence ledger.