TechFlow news, November 18: Southeast Asian ride-hailing giant Grab has signed a memorandum of understanding with Singapore-based stablecoin payment infrastructure provider StraitsX to jointly explore building a Web3 wallet and stablecoin-based settlement layer in Asia. The collaboration plans to integrate Web3 wallet functionality into the Grab app, enabling users to hold and transact with stablecoins such as XSGD and XUSD, while allowing GrabPay merchants to accept stablecoin payments from both local and overseas consumers.
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