StraitsX Stablecoin Card Volumes Surge 40x Across Southeast Asia

• Stablecoin card payments grow rapidly as StraitsX volumes rise 40x and issuance expands.
• Crypto card usage surges globally with volumes exceeding $1.5B by late 2025.
• On-chain crypto card spending surged 420% in 2025, from $23M to $120M.

Stablecoin-backed payment systems are becoming embedded into everyday transactions across Southeast Asia, as infrastructure providers expand partnerships with card issuers and regional payment networks.

Data from Singapore-based StraitsX shows that between the fourth quarter of 2024 and the same period in 2025, transaction volume tied to its card program increased 40 times, while the number of cards issued rose 83-fold.

Card Infrastructure Expands Alongside Market Growth

StraitsX operates primarily as a backend provider, enabling partners to issue stablecoin-linked cards rather than offering consumer-facing products. Through i…

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