MetaComp, a Singapore-based cryptocurrency platform licensed by the Monetary Authority of Singapore (MAS), has officially unveiled StableX, a cutting-edge cross-border foreign exchange (FX) payment platform that utilizes stablecoins.
Obtaining a Major Payment Institution (MPI) license from Singapore’s regulatory body, MetaComp highlighted that the StableX platform provides “always-on access” to foreign currency exchanges, ensuring speed, cost-effectiveness, and reliability for users.
The launch of StableX aims to cater to the foreign exchange requirements of cross-border merchants, financial institutions, and payment service providers, according to a statement shared by Colin Wu.
— Wu Blockchain (@WuBlockchain) May 14, 2025
Designed with cross-border merchants, fintech companies, and global businesses in mind, the platform promises to enhance the efficiency of foreign transactions.
StableX to Support USDT, USDC
Currently, StableX supports the two leading stablecoins by market capitalization: Tether (USDT) and USD Coin (USDC). The platform plans to integrate additional stablecoins, including FDUSD, PYUSD, and WUSD, expanding its offerings.
In addition, StableX employs an “intelligent routing engine” that automatically selects the optimal payment method—either USD or stablecoin—based on what provides the best results in terms of cost, speed, and settlement certainty, as explained by MetaComp.
“StableX is purpose-built for cross-border B2B payments,” stated Tin Pei Ling, Co-President of MetaComp. “With StableX, we’re making global money transfers faster, more intelligent, and more stable, all powered by stablecoins.”
MetaComp’s CAMP for Seamless High-Volume FX Transactions
In a prior interview with Finance Newso, Eddie Hui, Chief Operating Officer and Co-President of MetaComp, revealed that the company is developing a Client Asset Management Platform (CAMP) designed to manage both fiat and cryptocurrencies for users.
StableX is set to utilize CAMP to facilitate high-volume FX transactions across borders, as noted in the latest announcement.
“We’re promoting the adoption of cryptocurrencies as legitimate assets, which can integrate seamlessly with traditional finance,” Eddie stated, emphasizing that CAMP aims to centralize various financial services.
Additionally, CAMP will afford clients the opportunity to earn yields on their treasury balances and available liquidity, as indicated by MetaComp.
The initial rollout of StableX will focus on a selected group of currency pairs, with plans to expand access to 31 major currencies already supported by MetaComp. This phased approach is intended to ensure liquidity, operational reliability, and regulatory compliance as businesses scale their global payment solutions.
The launch of StableX marks a significant step forward for MetaComp in facilitating efficient cross-border transactions in the realm of digital finance.
