WalletConnect Partners with DTC Pay to Revolutionize Stablecoin Payments Across Asia

Introducing WalletConnect Pay: A Milestone in Web3 Payment Solutions

WalletConnect, the widely recognized Web3 wallet connection standard, has announced a groundbreaking partnership with DTC Pay, one of Asia’s leading point-of-sale (POS) payment solution providers. This strategic collaboration, unveiled on November 1, introduces “WalletConnect Pay,” marking WalletConnect’s entry into Asia’s thriving POS payment ecosystem.

The partnership aims to integrate stablecoin payments into everyday commercial transactions across the region. Retail stores, restaurants, and other establishments will now be able to accept stablecoins through the WalletConnect Pay system. With DTC Pay becoming WalletConnect’s inaugural major payment institution (MPI) partner in Asia, this collaboration underscores significant advancements in payment infrastructure for blockchain-based assets.

Simplifying Stablecoin Transactions for the Masses

WalletConnect Pay is designed to democratize stablecoin payments, boasting a user experience as simple as popular platforms like Alipay. With support for over 500 digital asset wallets, consumers can seamlessly complete transactions by scanning a QR code—mirroring the ease of traditional QR-based payment systems.

Merchants, on the other hand, enjoy a straightforward adoption process. There’s no need for costly new devices or complex system overhauls—existing POS terminals are now compatible with stablecoin payments. Supported tokens currently include leading stablecoins like USD Coin (USDC), Tether (USDT), and Worldwide USD (WUSD), enabling businesses to adopt a future-ready financial model effortlessly.

Band Zhao, Group Chairman of DTC Pay, emphasized the transformative potential of this collaboration, stating, “This partnership allows us to make on-chain payments as intuitive and trustworthy as card payments.”

Bridging the Gap Between Niche and Mainstream Payments

For WalletConnect, this partnership signals a decisive step in making digital asset payments mainstream. Data reveals that 72% of WalletConnect's network transactions already utilize stablecoins, highlighting the growing reliance on these digital assets. Through this collaboration with DTC Pay, stablecoins are primed to transition beyond their niche status, catalyzing billions of dollars in transactions for daily-use businesses like retail stores and restaurants, as well as institutional environments.

Jess Houlgrave, CEO of WalletConnect, elaborated on the significance: “By connecting wallets, merchants, and consumers through a trusted infrastructure, we are accelerating the transition of digital asset payments from an experimental phase to an essential utility.”

Reinforcing the Core of Web3 Financial Infrastructure

Over the years, WalletConnect has emerged as the backbone of Web3 financial connectivity, bridging over 700 wallets and powering 70,000 applications. The WalletConnect Pay initiative strengthens this legacy by positioning the platform as a pivotal enabler of on-chain POS and payment infrastructure.

For merchants, this evolution means unhindered access to universal stablecoin payment solutions, while consumers benefit from efficient, secure payment options both online and offline. Simultaneously, institutional users can harness WalletConnect’s integration to connect traditional financial systems with blockchain-based settlement infrastructures.

WalletConnect continues to solidify its role in modernizing financial transactions through decentralized technology. The partnership with DTC Pay highlights the platform’s commitment to bridging the divide between traditional systems and blockchain innovations, establishing WalletConnect Pay as a cornerstone in the ongoing transformation of global payment systems.