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# Singapore businesses gain fiat and stablecoin payouts through Independent Reserve
- URL: https://www.southeastasiaconnect.com/independent-reserve-cross-border-business-payments-singapore/
- Published: 2026-10-07T01:02:06.000Z
- Updated: 2026-10-07T02:07:15.000Z
- Description: Accounts funded in SGD or USD can pay overseas suppliers and staff in more than 20 currencies, with API tools for tracking and reconciliation.
- Author: Lars Voedisch
- Tags: News, #google-news, Singapore, Financial Services

Singapore businesses can fund an account in local or US dollars and pay overseas suppliers, employees and subsidiaries in their local currencies through [Independent Reserve](https://www.independentreserve.com/?ref=southeastasiaconnect.com)’s expanded platform. Announced on 6 October, the service combines cross-border fiat and stablecoin payments with tools to track transactions through existing business systems.

The offering supports more than 20 currencies, covering most G10 currencies and several ASEAN currencies, according to Independent Reserve. Payout destinations include bank accounts, electronic wallets and cards. That gives a finance team several ways to reach a recipient rather than requiring every payee to hold a digital-asset account.

The funding and payout steps are separate. A business can put Singapore or US dollars into its Independent Reserve account, then send funds to an overseas recipient in the destination currency. The company identifies supplier invoices, international payroll and transfers between group companies as uses for the service.

## Stablecoin receipts alongside local-currency payments

Businesses can also accept customer payments in stablecoins such as USDC and USDT directly into their accounts. This adds a receiving function alongside outgoing payments, allowing internationally active companies to consider both sides of their payment flow within the same platform.

Independent Reserve says the service connects digital-asset settlement with local payment rails. Its Singapore chief executive, Lasanka Perera, pointed to demand from clients that trade internationally and need to move capital between markets. The company presents the expansion as a way to reduce the intermediaries, currency conversions and processing delays involved in cross-border settlement.

An API integration connects the platform with a business’s existing systems. According to the release, it supports automated transactions and payment tracking as transactions happen, bringing reconciliation into the same workflow as the payment instruction. For companies handling repeated overseas payments, that is a distinct part of the offering beyond adding currencies or payout methods.

The provider advertises real-time payouts and same-day settlement. Businesses should confirm the applicable corridor, recipient and processing conditions, as well as fees, before relying on that timing for payroll or supplier deadlines.

**Source:** [Independent Reserve’s 6 October 2026 service announcement](https://www.independentreserve.com/blog/news/press-release-independent-reserve-expands-service-offerings-to-bring-real-time-cross-border-payments-to-businesses-in-singapore?ref=southeastasiaconnect.com).