XREX Singapore
MAS-licensed stablecoin and fiat cross-border payment institution

Singapore payment institution using blockchain and stablecoins for business payment rails. MAS currently authorizes XREX for six activities: account issuance, domestic and cross-border transfers, merchant acquisition, e-money issuance, and Digital Payment Token Service. XREX presents its local product around USD liquidity and fiat-stablecoin conversion. The MPI is not a bank licence or deposit guarantee, and it does not establish consumer card issuance.