StraitsX provides infrastructure to OSL Pay…supporting management of US dollar-denominated assets

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.”