dtcpay Partners with WalletConnect to Drive Global On-Chain Payment Adoption

Pioneering a Next-Generation Financial Ecosystem

dtcpay, a Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS), has forged a strategic alliance with WalletConnect, a leading Web3 wallet-app connection platform. This partnership sets the stage for rapid adoption of secure, seamless on-chain payments while redefining blockchain-powered financial infrastructure.

With dtcpay becoming WalletConnect’s first major payment institution partner in Asia, this collaboration amplifies WalletConnect’s position as a cornerstone of blockchain-based financial services in the region. By facilitating stablecoin-powered transactions, this initiative reflects the accelerated growth of blockchain payments, particularly in Asia—a region poised for transformative advancements in digital finance.

Driving Stablecoin Payments to New Heights

As part of the integration with WalletConnect, dtcpay is committed to several key objectives:

• Enabling universal stablecoin payments with top-tier assets like USDC, USDT, and WUSD
• Offering an embedded payment experience for both merchants and consumers
• Expanding on-chain payment access for businesses, institutions, and individual users worldwide

The partnership goes well beyond enabling stablecoin transactions; it reimagines traditional financial tools within the blockchain environment. By integrating stablecoin technology into everyday payment systems, dtcpay aims to replicate the intuitive experience users expect from conventional methods like credit cards.

Addressing Barriers to On-Chain Payment Adoption

According to WalletConnect’s “2025 State of On-Chain Payments Report,” cryptocurrency payments are becoming one of the industry’s fastest-growing use cases. Yet, complexities in wallet connectivity, authentication processes, and workflow inefficiencies hinder wider adoption. Currently, only 10% of crypto users prefer digital currencies for payments. dtcpay and WalletConnect aim to eliminate these barriers by delivering an intuitive, secure, and efficient payment experience that rivals traditional financial systems.

The Rise of Stablecoins in Finance

Recent data highlights the growing dominance of stablecoin payments in blockchain networks. WalletConnect reports that stablecoins account for 72% of transaction traffic on its platform, with USDC dominating 38% and USDT close behind at 34%. These numbers underscore the expanding role of stablecoins, transforming them from transaction tools into vital settlement layers for both retail and institutional finance.

Stablecoins are evolving into a foundational pillar of global payment infrastructure, bridging the world of traditional banking and blockchain technology. The partnership between dtcpay and WalletConnect stands as a powerful example of this ongoing paradigm shift, paving the way for stablecoins to play a permanent role in global finance.

Strategic Insights from Industry Leaders

Band Zhao, Chairman of dtcpay, stated, “This partnership empowers us to deliver secure, seamless stablecoin payments across multiple regions. By making on-chain transactions as intuitive and trustworthy as credit cards, we aim to unlock tremendous value for merchants, consumers, and organizations worldwide."

Similarly, Jess Houlgrave, CEO of WalletConnect, remarked, “Stablecoins represent a transformative milestone for cryptocurrency payments. dtcpay aligns with our mission to mainstream stablecoin adoption. Together, we’re providing a robust infrastructure that connects wallets, merchants, and consumers, cementing cryptocurrency’s role from experimentation to necessity.”

WalletConnect’s Industry Leadership

WalletConnect has emerged as a global standard in Web3 compatibility and wallet-app integration. The platform has facilitated over 350 million wallet-app connections, integrating with more than 700 wallets and 70,000 applications—serving a user base spanning over 50 million globally. Prominent industry names such as Fireblocks, Ledger, Robinhood, Blockchain.com, and OKX Wallet rely on WalletConnect, establishing its broad influence and reliability in the blockchain sector.

Bridging Web2 and Blockchain-Powered Payments

This landmark partnership extends beyond simple technical integration. It represents a major step in bridging the gap between conventional Web2-driven payment systems and blockchain-enabled financial ecosystems. dtcpay’s legacy payment infrastructure, validated through traditional finance, now seamlessly integrates into blockchain services. Similarly, WalletConnect leverages this collaboration to strengthen its foothold in Asia—the epicenter for stablecoin adoption.

As stablecoins rapidly transition from niche technologies to mainstream payment tools, the alliance between dtcpay and WalletConnect is poised to accelerate this transformative wave. Together, they are re-engineering the global financial landscape, setting new standards for secure, accessible blockchain payments and ensuring they reach both retail and institutional players alike.