[Grab and StraitsX Sign Memorandum of Understanding to Build Web3 Wallet and Stablecoin Settlement Network] Southeast Asian ride-hailing giant Grab has signed a memorandum of understanding with Singapore-based stablecoin platform StraitsX to develop a Web3 wallet and stablecoin clearing network in the Asian market. The collaboration includes integrating a Web3 wallet into the Grab App, enabling GrabPay merchants to accept stablecoin payments such as XSGD and XUSD, and supporting cross-border, real-time, and compliant settlements. The system will leverage smart contracts and on-chain fund management technology, with user assets managed through non-custodial wallets, adhering to relevant regulatory requirements.