Singapore's MetaComp Introduces Stablecoin-Powered FX Platform for Cross-Border Payments

MetaComp, a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS), has launched StableX, a cross-border foreign exchange payment platform powered by stablecoins. The new infrastructure platform is designed for merchants, institutions, payment service providers, fintechs, and global businesses seeking 24/7 access to foreign exchange services.

The platform addresses complexities in the global foreign exchange market, where over US$7 trillion is traded daily through what MetaComp describes as "a complex, fragmented network of legacy systems." StableX offers an alternative approach by routing transactions through stablecoin-powered FX rails for real-time execution and continuous liquidity access.

At the heart of StableX is an intelligent routing engine that dynamically selects the most efficient transaction processing method - either through stablecoins or US dollars - based on factors including cost, speed, and settlement certainty. The platform currently supports USDT and USDC, with additional support for FDUSD, PYUSD, and WUSD planned for implementation.

"StableX was purpose-built for cross-border B2B payments," said Ms Tin Pei Ling, Co-President of MetaComp. "It delivers what businesses need most — 24/7 access, real-time execution, and infrastructure they can trust. With StableX, we're making it faster, more intelligent, and more stable to move money globally — and we're doing it with the power of stablecoins."

Mr Eddie Hui, Co-President and Chief Operating Officer of MetaComp, added, "Legacy infrastructure has carried the industry far, but today's businesses need more agility. StableX bridges that gap by leveraging stablecoins to deliver FX and settlement infrastructure that works in harmony with existing systems — enabling institutions and platforms to scale global flows with confidence."

The platform is fully integrated into MetaComp's Client Asset Management Platform (CAMP), which offers custody, payment services, and OTC transactions. Within CAMP, StableX works alongside the OTC module to facilitate compliant, high-volume FX transactions with competitive pricing and efficient settlement.

StableX also supports MetaComp's broader payment solutions, including collection-on-behalf (COBO) and payment-on-behalf (POBO) services, with additional capabilities planned for future rollouts. The platform is built on MetaComp's Web 2.5 Core Banking System with a Unified API Gateway.

At launch, StableX supports a core set of popular currency pairs, with plans to expand access to the 31 major and exotic currencies already supported by MetaComp, including AED, EUR, GBP, HKD, SGD, and USD. This phased approach aims to ensure liquidity, operational reliability, and regulatory compliance as users expand their global payment operations.

MetaComp is a subsidiary of Alpha Ladder Finance Pte. Ltd., which holds MAS licences under the Capital Market Services (CMS) and Recognised Market Operator (RMO) regimes. CAMP clients can also obtain yield on treasury balances through regulated wealth solutions offered by Alpha Ladder Finance.

The company operates under a P2B2C (platform-to-business, partners-to-clients) model and provides digital finance capabilities including OTC and exchange trading, fiat payment rails, regulated digital asset custody, and prime brokerage services.