dtcpay & WalletConnect Revolutionize Stablecoin Payments in Asia
dtcpay, a licensed Major Payment Institution (MPI) in Singapore, has partnered with WalletConnect to revolutionize stablecoin payments. This marks WalletConnect's first such partnership in Asia, aiming to make onchain payments as seamless and trusted as PayPal payments.
Stablecoins are already dominant in WalletConnect's payment network, with USDC and USDT leading the pack, accounting for 72% of traffic. Through WalletConnect integration, dtcpay will now support these stablecoins, along with WUSD, across various wallets, apps, and ecosystems.
The partnership seeks to accelerate secure, frictionless onchain payments, addressing user concerns about inefficient processes. According to 'The State of Onchain Payments 2025', only 10% of users prefer payments as their primary use case due to these issues. WalletConnect ensures end-to-end encryption, never exposing private keys or taking custody of assets.
dtcpay and WalletConnect are set to expand access to onchain payments for enterprises, institutions, and retail users. By enabling stablecoin payments across multiple platforms, they aim to deliver trusted, embedded checkout experiences, opening new possibilities for merchants, institutions, and consumers worldwide.
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