StraitsX partners with Visa to expand stablecoin-backed card issuing

• StraitsX partners with Visa to expand stablecoin-backed card issuing to over 100 markets.
• The People’s Bank of China approved Visa’s preparations for a local clearing organization.
• Visa has one year to complete its preparations before applying to begin operations in China.
• This partnership aims to enhance global financial services through stablecoin technology.
• The expansion is expected to facilitate digital payments and financial inclusion.