Singapore stablecoin payment company Dtcpay completes $10 million Series A financing, led by Vertex Ventures

The Singapore-based stablecoin payment infrastructure company Dtcpay announced the completion of a $10 million Series A funding round, led by Vertex Ventures Southeast Asia & India.

The company has obtained a Luxembourg electronic money institution license to expand regulated payment services in the European Economic Area. Dtcpay builds stablecoin payment infrastructure for businesses and consumers and has partnered with Visa to launch a card that connects digital finance with traditional finance. Its platform supports real-time settlement between stablecoins and fiat currencies.