StraitsX provides infrastructure to OSL Pay…supporting management of US dollar-denominated assets
Summary
- StraitsX said on the 29th that it has provided its infrastructure “DVA/+” to OSL Pay.
- With the deployment, OSL Pay said it will support deposits, holdings and management of US dollar-denominated assets within its platform.
- StraitsX said a clear trend is emerging in which digital-asset platforms are adopting scalable and stable infrastructure.
StraitsX, a stablecoin infrastructure company that develops digital assets pegged to fiat currencies, said on the 29th that it has provided its “DVA/+” infrastructure to OSL Pay.
DVA/+ is a virtual account infrastructure that supports stablecoin-based payments and settlement.
With the deployment, OSL Pay can now support deposits, holdings and management of US dollar-denominated assets within its platform, enabling fund management linked to digital-asset payment and settlement without going through external remittance procedures.
Jingwei, CEO of OSL Pay, said the goal is “to provide a more intuitive and stable link between fiat currency and digital assets,” adding that the integration aims to deliver a US dollar asset-management experience comparable to that of traditional finance.
Anthony Koo, head of payments at StraitsX, said it is becoming increasingly clear that digital-asset platforms are opting to adopt scalable and stable infrastructure rather than building in-house solutions, adding that the OSL Pay case “signals the direction of the industry’s evolution.”
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
