StraitsX CEO says stablecoin cards are now buying groceries, not lambos

At Money20/20 USA, Tianwei Liu said StraitsX processes over $500 million a month in card payments, mostly small everyday purchases Stablecoins spent years as the parking lot of crypto trading. According to StraitsX CEO Tianwei Liu, they are now paying for diapers. Speaking at Money20/20 USA in Las Vegas, Liu said stablecoin-backed cards are pulling digital dollars into ordinary, daily spending. Small tickets, big volume Liu, who co-founded StraitsX, said the company now processes over $500 million in monthly transactions through its stablecoin-backed Visa debit cards. The more interesting figure is what those transactions look like. Roughly 85% of them come in under $50. These are routine purchases like groceries and household basics. They are not speculative bets or exotic cross-border transfers. The growth curve behind those figures is steep. Between Q4 2024 and Q4 2025, StraitsX card transaction volume grew 40-fold, while the number of cards issued jumped 83 times. Partners are a big part of that story. RedotPay, one of the firms issuing cards on StraitsX rails, processed over $2.95 billion in card volume through the company during 2025. Across its broader business, StraitsX say...