According to CoinWorld, on August 15 (UTC+8), Jason Tay, the business head of StraitsX, stated that 80% of the currencies in the region are restricted, and the company is building infrastructure to enable seamless cross-border flow of funds. StraitsX is collaborating with Ripple to use regulated stablecoins to bridge the gap between TradFi and the encryption world, breaking down the barriers of regional payment fragmentation and establishing an interconnected ecosystem in Southeast Asia. (Source: MLion)

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