On Nov. 10, WalletConnect pitched its Pay service as a single integration for stablecoin checkout. The company said merchants can accept payments with sponsored blockchain fees and receive a chosen token or fiat through a regulated partner.
WalletConnect’s merchant documentation says the product has live-payment APIs. The company named 94° Coffee in Lisbon as its first live merchant in January.
“Accepting stablecoins shouldn't mean rebuilding your checkout,” the company said on X. Payment options include tap-to-pay, QR codes and payment links in stores, and QR codes or links online.
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View post on XBusinesses without access to a merchant dashboard must contact sales to get started. Payment providers can use a hosted checkout or build their own interface, though access to the software toolkit for building one requires approval.
The service separates the asset a customer spends from the one the merchant receives. According to its documentation, supported payments may involve swapping tokens or bridging between blockchains before settlement.
Which Wallets and Assets Work
WalletConnect’s general-availability list includes USDC on Ethereum, Base, Arbitrum, Solana and Stellar, among other networks; USDT on networks including Ethereum, Polygon, Solana and Tron; and assets including EURC, ETH and SOL. Fiat settlement is available only for selected token-and-network combinations, depending on partner support.
The company says more than 700 WalletConnect-compatible wallets can be used, subject to each wallet’s chain support. Direct payments from exchange accounts use a separate mechanism: Binance Pay is listed as live, while Coinbase, OKX and other integrations are marked as coming soon. Merchants must onboard with each exchange, which handles compliance and settles funds into the merchant’s own exchange account.
Fiat Settlement Stays With Partners
MoonPay is a named settlement partner in the earlier Ingenico arrangement, which The Defiant reported in April. In its announcement, MoonPay said its Virtual Accounts, powered by Iron, would convert stablecoin proceeds at Ingenico terminals into fiat and deliver settlement over banking rails. Ingenico announced its WalletConnect Pay integration for Android payment terminals in January.
WalletConnect’s fiat coverage page lists dollars, euros and pounds for settlement.
For Travel Rule data capture, WalletConnect says it collects a user’s full legal name, date of birth and place of birth once, then captures wallet and IP addresses for each transaction. The company says pre-execution screening checks U.S., UK and EU sanctions lists. These controls do not include full identity verification of retail buyers or ongoing transaction monitoring, which remain the responsibility of licensed participants.
Other providers offer related ways to connect stablecoins with conventional merchant payments. Coinbase said in September that its Spring by Citi collaboration enables stablecoin checkout, with Coinbase converting to fiat and Citi settling as bank of record. Shift4’s platform, launched in December 2025, instead lets merchants choose to receive settlement in stablecoins rather than by bank transfer.
Source: thedefiant.io. Adapted by NBTC.
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