dtcpay & WalletConnect Team Up to Revolutionize Stablecoin Payments
dtcpay and WalletConnect have joined forces to revolutionise stablecoin payments. The partnership aims to make onchain transactions as seamless and secure as traditional card payments, benefiting enterprises, institutions, and retail users.
The collaboration, dubbed WalletConnect Pay, will enable stablecoin payments via wallets, apps, and merchants at POS terminals across Asia. It supports popular stablecoins like USDC and USDT, simplifying transactions for both merchants and consumers.
The platform, connecting over 70,000 apps and 700 wallets, already powers more than 350 million wallet-to-app connections. It partners with notable names such as Fireblocks, Ledger, Robinhood, and major crypto exchanges' wallets. dtcpay, a licensed Major Payment Institution, brings its expertise to the table, ensuring secure and compliant transactions.
Band Zhao, dtcpay's Group Chairman, sees this partnership as a stepping stone to global, secure stablecoin payments. Jess Houlgrave, CEO of WalletConnect, believes stablecoins are becoming essential in global transactions, with the partnership accelerating this shift. Currently, stablecoins make up 72% of payments on WalletConnect's network, with USDC and USDT leading at 38% and 34% respectively.
The dtcpay-WalletConnect collaboration seeks to close the gap in crypto payment preference, currently at 10%. By integrating stablecoin payments into everyday transactions, they aim to make onchain finance as intuitive and trusted as traditional payment systems.
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