Loading the 3D model…

PROGRAMMABLEMONEY

Six pieces of programmable money pulled apart layer by layer, and The Full Stack in the middle showing how they connect. Pick a world to open it.

ANATOMY OF ASTABLECOIN CARD

All chapters
Viewdrag to orbit · 1 2 3
15%
Motion
Theme
Stablecoin card issuer · Anatomy of a Stablecoin Card

StraitsX

A Singapore licensed payments company that issues its own stablecoins, XSGD and XUSD, and sponsors Visa cards on its own BINs for crypto apps across Asia.

Company
StraitsX (Xfers), Fazz group
Network
Visa issuing member, BIN sponsor
Card volume
$470.8M in 30 days
Founded
2014
Licensed as
Major Payment Institution licenses from Singapore's MAS for three StraitsX companies (Jul 2024), plus an expanded license for Xfers. Issuer of XSGD, XUSD and XIDR.
BINs and regions
Own Visa BINs and a multi BIN setup. Ten Asia Pacific issuing markets named: Singapore, Hong Kong, Taiwan, Australia, Japan, Korea, Thailand, Philippines, Malaysia, Vietnam. An Oct 2026 Visa deal aims at 100+ markets, subject to approvals. Cards in SGD or USD.
Card types
Virtual, physical and wearable cards with Apple, Google and Samsung Pay. Whether they are debit, prepaid or credit is not published.
How programs fund it
Programs prefund reserves with StraitsX in XUSD, XSGD, USDC or fiat (USD, SGD), and StraitsX says funds are drawn just in time at each purchase. One page also lists USDT.
Pays the network
Converts into the network currency inside its own stack. Its settlement chain and schedule with Visa are not published.
Card volume
$3.5B all time and $470.8M in the last 30 days, self reported to PaymentScan (PaymentScan, Nov 3, 2026). StraitsX says more than $6B a year.
Programs it powers
RedotPay, OKX Card in Singapore, Pionex, Chocolate Finance, UPay and others.
Pros
MAS licensed; issues its own dollar and Singapore dollar stablecoins; two card currencies; ten Asian issuing markets.
Cons
Card type and network settlement are not published; volume is self reported with no chain split; reach outside Asia depends on approvals; Visa only.
Rules
StraitsX answers to MAS in Singapore and to Visa for its BINs, and to local rules in each market where cards are issued.

More card issuers

Bridge Immersve Monavate Rain Reap UR Wirex

Public information as of September 2026, simplified. Not legal or investment advice. Open the full stablecoin cards world.

Sources291Created by Andres Lamothe