Transactions will be settled onchain using the purpose bound money (PBM) framework, which applies programmable logic for compliant, conditional settlement, while regulated payment provider StraitsX performs compliance checks and real‑time validation. Merchant partners can accept stablecoin payments without directly handling digital payment tokens; XSGD, StraitsX’s SGD‑backed stablecoin, will serve as the underlying currency for settlement. The service is offered in collaboration with Grab and StraitsX and is positioned to enable stablecoin use for everyday transactions in Singapore.
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