Singapore's stablecoin payment platform dtcpay has closed a $10 million Series A funding round, led by Vertex Ventures, a Temasek-backed venture capital firm. Announced on July 24, 2026, the capital injection is earmarked for one goal: scaling dtcpay's stablecoin payment services across Europe.
Founded by Alice Liu and Band Zhao, dtcpay operates a "Swap Engine" that converts stablecoins like USDT and USDC into fiat currency in real-time. Merchants receive regular dollars or euros, while users spend digital assets without manual conversion. The experience feels identical to using a standard debit card.
Luxembourg EMI License Unlocks 30-Country Market
Alongside the funding, dtcpay revealed it has secured an Electronic Money Institution license from Luxembourg's financial regulator CSSF. This EMI license grants dtcpay the right to offer regulated payment services across all 30 European Economic Area countries, covering a population of over 450 million.
Obtaining the license took more than a year of rigorous compliance work, covering capital requirements, anti-money laundering protocols, and user fund segregation. With this addition, dtcpay now holds licenses in six major jurisdictions: Singapore, Hong Kong, Australia, Canada, the United States, and Luxembourg—making it one of the most compliant stablecoin payment firms globally.
Visa Infinite Card Bridges Crypto and Retail
dtcpay has partnered with Visa to issue a co-branded Infinite Card. Users deposit stablecoins into their dtcpay wallet and spend at any merchant accepting Visa. The stablecoins are swapped to fiat behind the scenes, so the merchant never touches crypto. The initial focus is on luxury hotels and high-end retailers, with plans to expand to mainstream consumers.
Visa reported that monthly stablecoin settlement volumes already reach tens of billions of dollars as of late 2025. dtcpay aims to make stablecoin spending as smooth as using a traditional banking app, emphasizing compliance and user experience over hype.
Service rollout across European countries is expected in the second half of 2026. Users won't need to understand blockchain—just register, deposit stablecoins, and start paying at millions of locations. One caveat: digital payments and crypto assets carry risks; prices and regulations may change. This article is for informational purposes only and does not constitute financial advice. Always do your own research.