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We're excited to announce that @StraitsX, a major payment institution licensed by @MAS_sg, is piloting a series of stablecoin applications with @Mastercard, @IdemiaGroup, & Carbon Seed for $XSGD - their Singapore dollar stablecoin built on @hedera ⚡ #SFF2022
Through collaboration with their partners, StraitsX focused on driving five key benefits of stablecoins: increasing payment efficiency, on-chain & offline programmability providing interoperability, financial inclusion & enabling sustainable and energy-efficient transactions. 
Through their partnership with Idemia, a leading solutions provider in identity technologies, users are able to transact XSGD offline.
As a result, this will help drive financial inclusion by enabling users with limited network access to benefit from lower merchant fees.
As a result, this will help drive financial inclusion by enabling users with limited network access to benefit from lower merchant fees.
