KEY TAKEAWAYS
- OKX Pay launches Singapore’s first stablecoin-powered scan-to-pay system, enabling payments with USDT or USDC at GrabPay merchant-partners.
- The service simplifies stablecoin transactions, allowing instant payments at various locations without additional steps.
- Collaboration with StraitsX and Grab enhances the reach and convenience of OKX Pay across thousands of merchants.
- OKX Pay expands stablecoin use cases, making them practical for everyday transactions in Singapore’s cashless economy.
The next generation of stablecoin payments has arrived in Singapore with the launch of OKX Pay. This service marks Singapore’s first stablecoin-powered scan-to-pay system, allowing customers to make payments using USDT or USDC stablecoins at GrabPay merchant-partners by scanning their GrabPay SGQR code.
OKX Pay opens up stablecoin payments to a wide network of shops, cafés, restaurants, and hawker stalls within the GrabPay merchant-partner ecosystem. The process is straightforward, enabling easy and instant payments without complicated steps.
How OKX Pay Works
Integrated into OKX SG, Singapore’s New Money App, OKX Pay allows users to utilize stablecoins beyond trading and investing. Customers can pay for a variety of goods and services by simply opening the OKX SG app, scanning the GrabPay merchant-partner’s SGQR code, and entering the payment amount. The transaction is processed instantly, with merchants receiving Singapore dollars (SGD) while the payment is deducted from the customer’s stablecoin balance.
This seamless experience is made possible through collaboration with StraitsX and Grab, two companies with strong local and global presence. The service offers convenience across thousands of locations, including popular merchants like Best Denki, Cedele, Jumbo, and Toast Box, without the need for top-ups or additional steps.
Expanding Stablecoin Use Cases
OKX Pay represents a significant step in making stablecoins a practical option for everyday transactions. Previously, using stablecoins for real-world payments was hindered by complex processes and limited merchant adoption. With the launch of OKX Pay, stablecoins can now be used easily for daily purchases, enhancing their utility beyond trading and investing.
Singapore, known for its leadership in digital innovation and cashless payments, provides an ideal environment for this development. OKX Pay combines the flexibility of stablecoins with a user-friendly experience, empowering customers to control their stablecoins for everyday transactions.
For more information about OKX Pay, visit the official announcement here.
Why This Matters: Impact, Industry Trends & Expert Insights
OKX has launched Singapore’s first stablecoin-powered payment service, OKX Pay, enabling seamless payments using USDT or USDC at GrabPay merchant-partners. This advancement marks a significant step in integrating stablecoins into everyday transactions in Singapore.
Recent industry reports indicate that stablecoin adoption has seen significant growth by September 2025, driven by increasing use in payments, especially cross-border transactions, regulatory clarity, and expanding merchant acceptance. The launch of OKX Pay aligns with this trend by facilitating stablecoin payments across a wide network of merchants, enhancing their utility beyond trading and investing.
According to expert insights, stablecoin payments are rapidly gaining traction across Asia, driven by the need for faster, cheaper, and more programmable cross-border payment solutions. This supports the significance of OKX Pay in Singapore, as it leverages these advantages to provide a seamless payment experience, reflecting stablecoins’ growing role in modernizing financial infrastructure.
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