Dtcpay, a Singapore-based licensed major payment institution (MPI), announced last Wednesday a strategic partnership with WalletConnect, the connectivity layer for the financial internet, to advance onchain payments and stablecoin adoption.

The collaboration will accelerate the adoption of secure, frictionless onchain payments and reinforce dtcpay’s role in shaping the next generation of onchain finance, dtcpay said in a statement.

This partnership also marks a milestone for WalletConnect, as dtcpay becomes its first Major Payment Institution (MPI) partner in Asia.

This further cements WalletConnect’s role as critical infrastructure for onchain finance and a key player in one of the fastest growing regions for payments and stablecoin adoption.

Through the integration of WalletConnect, dtcpay will make stablecoin payments universally accessible across wallets, apps, and ecosystems, supporting: USDC, USDT, WUSD.

The firm will also deliver trusted, embedded checkout experiences for merchants and consumers, in stablecoin transactions.

It will also expand access to onchain payments for enterprises, institutions, and retail users.

Cited The State of Onchain Payments 2025, published by WalletConnect, the statement highlighted that payments are fast emerging as crypto’s breakout use case.

Yet only 10 percent reported payments as their preferred use case today, with many citing inefficient processes as the blocker; the WalletConnect and dtcpay partnership addresses this issue.

It is noted that stablecoins already account for 72 percent of payments traffic across the WalletConnect network, with USDC (38 percent) and USDT (34 percent) dominating, underscoring their role as the de facto settlement layer for both retail and institutional flows.

WalletConnect provides institutional-grade onchain access with end-to-end encryption, never exposing private keys, taking custody, or introducing asset flow risk.

Today, it powers billions in transaction volume across the ecosystem and is trusted by industry leaders including Fireblocks, Ledger, Robinhood, Blockchain.com, OKX Wallet, Binance Wallet, and Gemini Wallet.

This partnership underscores the shared vision of dtcpay and WalletConnect to build trusted, scalable infrastructure for the financial internet, bridging traditional payment systems with onchain technology.

“Partnering with WalletConnect allows us to deliver secure and seamless stablecoin payments at global scale,

“Together, we are making onchain payments as intuitive and trusted as card payments, while opening new possibilities for merchants, institutions, and consumers worldwide,” said Band Zhao, Group Chairman of dtcpay.

Jess Houlgrave, Chief Executive Officer of WalletConnect, said recent developments in stablecoins represent a watershed moment for crypto.

“Stablecoins are already proving to be one of crypto’s most important real-world use cases, and dtcpay shares our vision of making them mainstream,

“By connecting wallets, merchants, and consumers through trusted infrastructure, we’re accelerating the shift from experimental to essential in how the world transacts,” she added.

It is noted that WalletConnect has become a recognized standard in crypto connectivity, with 350 million+ wallet-to-app connections, and supporting 50 million+ users across 70,000+ apps and 700+ wallets.

This milestone reinforces dtcpay’s commitment to bridging Web2 and onchain payments, empowering businesses and consumers with secure, efficient, and globally connected financial infrastructure, said the statement.

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