dtcpay Completes $25M Series A for Stablecoin Payments

| newsbtc.com
Singapore-based payments company dtcpay has completed a $25 million Series A to expand its stablecoin payments and merchant infrastructure. Vertex Ventures Southeast Asia & India led the initial tranche, while Japan’s SBI Group later joined as a strategic investor. Genedant Capital and existing investor Kwee Liong Tek also participated. The funding will support merchant payment services, stablecoin settlement and cross-border money transfers. dtcpay’s Visa card enables users to spend fiat currencies and stablecoins at more than 150 million merchant locations worldwide. The company previously moved from supporting multiple cryptocurrencies, including Bitcoin, to a stablecoin-only payments model. dtcpay holds a Major Payment Institution licence from Singapore’s Monetary Authority of Singapore and an Electronic Money Institution licence in Luxembourg. It also has licences or registrations in Hong Kong, Australia, the United States and Canada. The investment highlights growing institutional interest in regulated stablecoin payments, but it is unlikely to create a direct short-term price catalyst for Bitcoin or Ethereum.
Neutral
The deal is strategically positive for stablecoin payment adoption, but it does not directly increase demand for Bitcoin or Ethereum. In the short term, traders may view the funding as confirmation of institutional interest in regulated digital-asset infrastructure. However, dtcpay’s stablecoin-only model and focus on payments rather than cryptocurrency trading limit the likelihood of an immediate price reaction in major cryptocurrencies. Over the longer term, broader use of stablecoins could improve crypto-market liquidity, settlement efficiency and mainstream access to digital assets. That benefit would be indirect and depends on regulatory expansion, merchant adoption and transaction growth. Historical reactions to private funding rounds in payment infrastructure are usually limited unless they include a major token launch, large-scale user growth or material changes in network demand. Therefore, the expected direct price impact on BTC and ETH remains neutral.