TBCASoft, the U.S.-based on-chain finance innovator and the creator of the HIVEX® Community, introduced a strategic MOU (“Undertaking HIVEX® StableLink”) with StraitsX, a licensed Main Cost Establishment (MPI) primarily based out of Singapore and issuer of the XSGD and XUSD stablecoins.
This collaboration marks a serious leap ahead in delivering scalable, blockchain-powered, cross-border funds that may utilise regulated stablecoins for immediate FX and settlement finality, bringing vital cost-efficiencies to our community companions – cellular customers, issuers, acquirers and retailers.
Below this collaboration, StraitsX will combine with the HIVEX® Community, a next-generation worldwide cellular fee answer.
Undertaking HIVEX® StableLink goals to attach regulated stablecoin issuers throughout a number of jurisdictions together with, however not restricted to Japan, Taiwan, Hong Kong, Thailand, and america.
The HIVEX® Community leverages blockchain to allow sovereign, interoperable, and safe cross-border funds – guaranteeing FX transparency, regulatory compliance, and strong information safety throughout jurisdictions.
HIVEX®, which has been utilising stablecoin applied sciences for cross-border clearing since 2023, goals to increase the community’s functionality from on the spot clearing to regulated on the spot settlement and international trade (FX) beneath the HIVEX® StableLink initiative.
“Undertaking HIVEX® StableLink and this collaboration with StraitsX is a defining milestone within the evolution of the HIVEX® Community as the worldwide infrastructure layer for cellular funds. We aren’t simply connecting wallets and companies.
We’re reshaping the way forward for digital finance with a blockchain-powered, trusted, multi-party framework that ensures scalability, interoperability, and sovereignty at each stage. With Singapore being a key worldwide monetary heart, this collaboration with StraitsX, the issuer of the XSGD stablecoin with a 1:1 peg to the Singapore Greenback, will ship large buyer worth throughout our HIVEX® Community.”
stated Ling Wu, Founder and CEO of TBCASoft.
“We’re excited to work with TBCASoft to make cross-border funds easier, smarter and more cost effective for companies.
By integrating our stablecoins and fee capabilities inside the HIVEX® Community, we’re making it potential for companies to entry seamless and on the spot QR fee and settlement expertise, backed by trusted infrastructure, sturdy compliance, and aggressive worth.”
stated Tianwei Liu, CEO & Co-Founding father of StraitsX.
This announcement additional cements TBCASoft and the HIVEX® Community as world enablers of cellular pockets interoperability, aligning the pursuits of banks, e-wallets, retailers, and customers beneath a harmonised decentralised framework.
Undertaking HIVEX® StableLink will spur HIVEX®’s footprint enlargement, accelerating the shift towards an open, borderless cellular funds future.
Featured picture: (From left) TBCASoft Founder and CEO Ling Wu and StraitsX CEO & Co-Founder Tianwei Liu