PEXX Debuts Global USD Accounts & Stablecoin Payments
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PEXX wants to ease banking across borders. The Singapore-based company has just launched its full neobank platform, available in +50 countries, offering USD accounts, global debit cards, and stablecoin transfers, using only a passport and phone for instant onboarding.
Accounts can hold USD, USDT, or USDC, with seamless transfers through both traditional rails (SWIFT, ACH) and crypto rails. Users can send stablecoins directly to bank accounts in 16 fiat currencies, simplifying international payments for freelancers, remote workers, and global businesses.
A global Visa debit card connects to both USD and stablecoin balances. Idle funds can earn up to 3.50% APY through tokenized US Treasury Bills. PEXX says its payment infrastructure, thanks to stablecoins, lets users save 1% to 2 % more on cross-border transactions compared to standard FinTech apps.
"PEXX gives you everything you expect from a USD bank, except the borders, high fees, and friction," said Marcus Lim, CEO & Founder. "Our mission is simple: if you've got a passport and a phone, you should have full access to USD, just like anyone else."
The launch follows a $4 million seed round backed by TNB Aura, Antler, EMO Capital, and LongHash Ventures. The funding will support expansion across Asia, Latin America, and the Middle East as PEXX positions itself for a growing market of digital-first, globally mobile professionals.
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NEWS
🇸🇬 PEXX launches a Neobank, bridging USD and crypto for global users. The Singapore-based FinTech allows users to open USD accounts without US residency requirements, using only a passport and phone for instant onboarding. The platform integrates traditional banking with cryptocurrency capabilities, enabling deposits in USDT and USDC stablecoins.
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🇩🇪 Deutsche Bank explores stablecoins and tokenized deposits. The bank is also assessing the development of its own tokenized deposit solution for use in payments, intending to improve efficiency. Read more
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