StraitsX has enabled invisible stablecoin payments across Southeast Asia by powering crypto-linked card programs that settle stablecoin transactions into local currency in real time. Between Q4 2024 and Q4 2025, StraitsX’s card transaction volume surged 40x and card issuance grew 83x. The company partners with firms such as RedotPay and acts as a Visa BIN sponsor to enable partners to issue cards for crypto payments in the region.
Between Q4 2024 and Q4 2025, StraitsX’s card transaction volume surged 40x. Card issuance grew 83x over the same period. Both measures refer specifically to StraitsX’s card programs during that Q4 2024–Q4 2025 interval.
RedotPay processed over $2.95 billion in card volume in 2025. RedotPay is one of StraitsX’s BIN sponsorship partners and was soft-launched in late 2024. StraitsX processes nearly $30 billion in cumulative stablecoin transactions. StraitsX acts as a Visa BIN sponsor enabling partners such as RedotPay and UPay to issue cards tied to stablecoin payments that settle into local currency in real time.
This summary presents the reported transaction and issuance metrics for StraitsX and RedotPay during 2024–2025. The numerical figures above are the data points cited for that period.
Visa captured over 90% of onchain card volume in 2025. Visa’s stablecoin-linked card spend reached a $3.5 billion annualized run rate by Q4 2025, a level reported for that quarter. That run rate was up 460% year-over-year.
Artemis Analytics estimated global monthly crypto card volumes grew from about $100 million in early 2023 to over $1.5 billion by late 2025, reflecting the change over that period. Dune Analytics shows total onchain card spending grew 420% in 2025, rising from about $23 million in January to $120 million in December. These figures reference the early 2023 baseline and the calendar year 2025 onchain spending trajectory.
The figures above summarize reported market share and spending metrics for crypto card payments through 2025. They are presented for the specific periods described earlier in the text.
StraitsX acts as a Visa BIN sponsor in Southeast Asia, enabling partner companies such as RedotPay and UPay to issue payment cards. The company powers crypto-linked card programs across the region that are built around stablecoin settlement. RedotPay is named as one of StraitsX’s BIN sponsorship partners and was soft-launched in late 2024.
Customers’ stablecoin payments settle in real time with local currency arriving instantly for card transactions issued under these partnerships. “No user cares about whether a payment runs on stablecoins or fiat; they only care if the payment goes through.” UPay and other partner firms use StraitsX’s BIN sponsorship framework to bring card products to market that leverage this real-time settlement behavior.
StraitsX has established a technical and partnership framework across Southeast Asia that enables invisible stablecoin payments by acting as a Visa BIN sponsor and supporting partners such as RedotPay and UPay to bring crypto-linked card products to market. This partnership model delivers real-time settlement so customers’ stablecoin payments convert to local currency instantly at the point of use, and it has driven broader adoption and growing prominence of stablecoin card infrastructure across the region.
