Singapore-based stablecoin payment infrastructure company StraitsX is experiencing a significant surge in card transaction volume, according to Co-founder and CEO Tianwei Liu. The company has reported a 40-fold increase in transaction volume between the fourth quarter of 2024 and the same quarter last year. Additionally, the number of cards issued saw a remarkable 83-fold uptick during the same period.
This surge in stablecoin payment volume comes at a time when the adoption of digital assets and blockchain technology is rapidly growing worldwide. Stablecoins, which are cryptocurrencies pegged to a stable asset like the US dollar, are gaining popularity due to their ability to provide stability in an otherwise volatile market.
In a similar development, foreign exchange (FX) startup OpenFX has raised $94 million in a new funding round to facilitate faster cross-border transactions using stablecoins. The company’s Series A round, announced recently, underscores the increasing demand for innovative payment solutions that leverage blockchain technology.
Furthermore, cybersecurity startup Tenex has raised $250 million in new funding, highlighting the growing importance of artificial intelligence (AI) tools in defending against cyber threats. The funding round, led by Crosspoint Capital, signifies the accelerated pace of AI security spending as organizations seek advanced technologies to safeguard their digital assets.
The convergence of stablecoin payments, cross-border transactions, and AI security reflects a broader trend towards digital transformation in the financial industry. As companies embrace innovative technologies to enhance efficiency and security, the landscape of finance is evolving rapidly to meet the demands of a digital-first economy.
The surge in stablecoin payment volume, coupled with significant funding rounds in the FX and cybersecurity sectors, underscores the growing importance of digital assets and AI in shaping the future of finance. As Singapore’s StraitsX, OpenFX, and Tenex continue to innovate and expand their offerings, they are poised to play a pivotal role in driving the next wave of financial innovation.
**Ticker Symbols:**
– StraitsX: N/A
– OpenFX: N/A
– Tenex: N/A
**References:**
1. PYMNTS: [Singapore’s StraitsX Sees Surge in Stablecoin Payment Volume](https://www.pymnts.com/cryptocurrency/2026/singapores-straitsx-sees-surge-in-stablecoin-payment-volume/)
2. PYMNTS: [OpenFX Raises $94 Million for Cross-Border Stablecoin Payments](https://www.pymnts.com/news/cross-border-commerce/cross-border-payments/2026/openfx-raises-94-million-for-cross-border-stablecoin-payments/)
3. PYMNTS: [Tenex Raises $250 Million as AI Security Spending Accelerates](https://www.pymnts.com/news/investment-tracker/2026/tenex-raises-250-million-as-ai-security-spending-accelerates/)
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