The global cryptocurrency market witnessed major developments on November 5, 2025, including new fintech collaborations, cybercrime, and shifting institutional investments. Whether it’s Singapore’s growing stablecoin ecosystem, high-profile crypto theft cases or renewed regulatory scrutiny, our Crypto News Today has some interesting updates for the readers.
StraitsX, based in Singapore, announced it will launch a stablecoin payment network connecting Singapore, Thailand, Taiwan, and Japan by mid-2026. This represents a significant step forward in the integration of cross-border digital currencies in Asia.
In the first phase, StraitsX has collaborated with Thailand’s KBank to facilitate interoperability between Thailand’s PromptPay and Singapore’s SGQR systems through QR code payments.
The XSGD will serve as the settlement currency, enabling real-time payments and providing transparent foreign exchange conversion.
Thai tourists visiting Singapore will be able to pay using KBank’s Q Wallet, with instant merchant settlement in Singapore dollars via GrabPay and PayNow-enabled terminals.
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