YY Group Holding Limited announced on October 1, 2025 that it has entered into a Memorandum of Understanding with Obita, a Singapore‑based enterprise‑grade cross‑border payment and digital financial network. Under the MOU, YY Group will integrate Obita’s stablecoin payment infrastructure into its global gig workforce platforms and corporate operations, creating scalable, compliant rails for receivables, payables and treasury management.
The partnership is designed to deliver faster, lower‑cost payouts to YY Group’s hundreds of thousands of gig workers and clients worldwide, while also offering workers the option to hold savings in fiat‑backed stablecoins to mitigate local currency volatility. For the enterprise side, the integration will streamline cross‑border capital flows, including intra‑group financing and loan repayment, thereby improving operational efficiency and margin potential as the company scales.
CEO Mike Fu said the collaboration “positions YY Group to scale more efficiently, strengthen our margins and accelerate our global expansion initiatives.” Obita’s CEO, Zhang Dayong, highlighted that the partnership demonstrates how compliant stablecoin infrastructure can make cross‑border payouts efficient, secure and inclusive—an outcome that aligns with YY Group’s strategy to support flexible labor markets across Southeast Asia, the Middle East and other growth regions.
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