WalletConnect partners with dtcpay to launch stablecoin payments in Asia, enabling fast, secure, and card-like checkout experiences for users.
WalletConnect has entered the stablecoin payments market with a strategic partnership with Singapore-based dtcpay. The collaboration launches WalletConnect Pay to enable stablecoin payments for merchants and consumers in Asia. This move marks a major step for WalletConnect. Additionally, it expands the platform from connecting wallets and apps to supporting onchain payments and point-of-sale systems.
WalletConnect Expands into Payments With dtcpay
The launch represents a new direction for WalletConnect. The platform has been responsible for connecting more than 70,000 decentralized applications and 700 wallets with end-to-end encryption for a long time. Now, via dtcpay, a licensed Major Payment Institution, WalletConnect is bringing their technology to the real world, to make transactions possible. Merchants, integrating stablecoin payments in particular, can do so without having to install any new hardware-and consumers can make payments as simply as by scanning a QR code.
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WalletConnect announced that the cooperation with dtcpay will make transactions with stablecoins as easy as paying with a card. The system supports USDT and USDC, which already make up 72 percent of all payments across the WalletConnect network. With dtcpay integration, stablecoins can now be used in shops, online and in everyday life. The approach reflects the ambition of WalletConnect to make onchain finance as easy as traditional payments.
The partnership also focuses on inefficiencies. According to The State of Onchain Payments 2025, only 10 percent of users choose payments as their use case of choice for crypto. Lack of efficiency was cited as the chief barrier. By integrating WalletConnect into dtcpay’s systems, both companies hope to eliminate this barrier and usher in faster, trusted, and universal payment experiences.
WalletConnect and dtcpay See Global Potential for Stablecoin Payments
Band Zhao, Group Chairman of dtcpay stressed that the collaboration will make payments onchain as intuitive and trusted as current card systems. He said the move creates new opportunities for merchants, institutions, and consumers around the world. WalletConnect said this partnership is only the beginning of its payments journey. Furthermore, it plans to expand into more merchant and institutional use cases.
The global nature of the partnership is noteworthy. There are already billions of dollars flying through the WalletConnect network every month. By making it possible to make stablecoin settlements at checkout in an instant, WalletConnect and dtcpay are bridging the gap between digital assets and everyday commerce. In addition, this change could boost the popularity of stablecoins as one of the most important use cases in the crypto sector, moving them from being used for trading to serving as practical financial tools.
On the other hand, Analysts say that the entry of WalletConnect in payments could lead to more competition, putting pressure on the existing payment providers. Licensed players such as dtcpay may have more trust, but smaller companies without regulatory support may be more difficult. As operational costs increase, there is a risk of the liquidation of unlicensed platforms.This may lead to faster consolidation across the sector. Moreover, market share will shift to firms with strong partnerships and compliance frameworks.
WalletConnect’s growth into payments is a good example of blockchain infrastructure evolving. By connecting wallets, apps and, now, point-of-sale systems, it is trying to create a financial internet where stablecoins are a bridge between digital assets and mainstream business.