PANews reported on March 17 that Dtcpay, a Singapore-based stablecoin payment infrastructure company, announced the completion of a $10 million Series A funding round led by Vertex Ventures Southeast Asia & India.

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