DeFi· ★★★· bullish·

UAE and Singapore emerge as testing grounds for stablecoin cross-border payments

  • —StraitsX's XSGD is used for cross-border payments and on-chain settlement in Singapore
  • —DBS, OCBC and UOB completed tokenized deposit transactions via Swift on Sept. 10
  • —The UAE central bank approved the dirham-pegged stablecoin DDSC in February for institutional settlement
  • —Visa: the strategy is interoperability with banks, not replacing them
Why it matters: Stablecoins are moving beyond trading into corporate payments, expanding demand for USDC, USDT and local stablecoins.
#USDC#USDT
Source: TokenPost
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