MetaComp, a Singapore-based licensed digital finance company, has launched StableX, a platform aimed at cross-border transactions. It is a Major Payment Institution license holder from the Monetary Authority of Singapore, a badge that confirms its reputation in financial innovation.
The platform is specifically aimed at the international businesses’ foreign exchange requirements as well as payment providers and financial institutions.
StableX works by using stablecoin technology along with smart routing systems that make foreign exchange transactions more efficient and accurate.
The platform currently accepts USDT and USDC stablecoins but has FDUSD, PYUSD, and WUSD in the pipeline as well. These currencies will enable wider currency compatibility along with liquidity and reliability for international users.
The StableX system smartly decides whether to process the transactions in stablecoins or U.S. dollars based on the one that yields the most favorable outcomes.
This way, each transaction is optimized for efficiency, cost-effectiveness, and timely settlement. For example, when a person transfers Singapore Dollars into the United Arab Emirates, the system selects the most efficient route with the most favorable rate.
MetaComp StableX ensures Real-Time transactions
MetaComp Co-President Ms. Tin Pei Ling stated that StableX provides businesses with continuous access and real-time fund movement across borders. Her co-president, Mr. Eddie Hui, explained that today’s global economy needs reliable tools that integrate seamlessly with current systems.
Built on MetaComp’s Web 2.5 Core Banking System, StableX uses a Unified API Gateway and integrates with their institutional platform called CAMP.
This structure supports services like custody, payment-on-behalf, and over-the-counter trading. It also offers yield opportunities through Alpha Ladder Finance, MetaComp’s parent company, which holds capital market licenses.
StableX currently enables seamless transactions in both major and niche currencies, including AED, USD, SGD, GBP, and EUR. The strategic launch is directed towards regulation and ease of operation as it scales up for wider international requirements.
StableX is live for institutions that require enhanced cross-border payments using the platform of MetaComp.
