Grab has partnered with Singapore-based StraitsX to develop a Web3 wallet and stablecoin settlement network for Asia. This initiative will integrate the Web3 wallet into the Grab App, enabling GrabPay merchants to accept stablecoins like XSGD and XUSD. The system will facilitate cross-border, real-time settlements using smart contracts and on-chain fund management, with user assets held in non-custodial wallets to ensure compliance with regulatory standards.