{"id":3204331,"date":"2025-11-06T10:00:00","date_gmt":"2025-11-06T15:00:00","guid":{"rendered":"https:\/\/www.pymnts.com\/?post_type=nw_announcement&#038;p=3204331"},"modified":"2025-11-06T09:26:51","modified_gmt":"2025-11-06T14:26:51","slug":"walletconnect-unveils-vision-for-the-future-of-payments-a-unified-standard-and-stablecoin-adoption","status":"publish","type":"nw_announcement","link":"https:\/\/www.pymnts.com\/newswire-announcements\/walletconnect-unveils-vision-for-the-future-of-payments-a-unified-standard-and-stablecoin-adoption\/","title":{"rendered":"WalletConnect Unveils Vision for the Future of Payments: A Unified Standard and Stablecoin Adoption"},"content":{"rendered":"<p>WalletConnect, the connectivity layer for the financial internet, today announced the release of its <a href=\"https:\/\/payments.walletconnect.com\/\">WalletConnect Pay Whitepaper<\/a> and wallet_pay, a new open standard for onchain payments designed to bring feature parity with traditional payment systems like Visa and Apple Pay. <\/p>\n<p>The wallet_pay standard, which will start to roll out to all WalletConnect Certified wallets in Q1, eliminates token and network friction, introduces compliance-ready primitives, and delivers merchant-grade capabilities such as authorizations, recurring billing, loyalty integration, and fraud protection. The framework establishes a consistent interface between wallets, merchants, and payment service providers (PSPs), akin to ISO20022, ISO8583 or SWIFT messaging standards in traditional payments, creating a unified ecosystem where users can complete crypto checkouts in a single, seamless interaction.<\/p>\n<p>Major merchants and payment platforms are already using WalletConnect as part of their payments offering and will be able to benefit from WalletConnect Pay functionality as it rolls out \u2014 these include: Coinbase Commerce, Stripe, Shopify, dtcpay, BitPay, Moonpay, Shift 4, BoomFi, Coinify, Cryptomus, Alchemy Pay, Gate Pay, Mesh, CoinGate and DePay.\u00a0<\/p>\n<p>Across these integrations, merchants are embracing onchain checkout both at Point of Sale and online to reduce costs, expand global access, and meet growing consumer demand for crypto-native payments. <\/p>\n<p><em>\u201cWe\u2019re at an inflection point for onchain payments,\u201d said Jess Houlgrave, CEO of WalletConnect. \u201cStablecoins are transforming global commerce, but the experience has remained fragmented. WalletConnect Pay establishes the common standard the industry needs and the response so far has been fantastic. Stablecoins and onchain payments are inevitable, our goal is to make the path to mainstream adoption as seamless as possible.\u201d<\/em><\/p>\n<p>Over $1.08 billion in payments are currently powered by the WalletConnect Network. While stablecoins dominate overall payment volume, native tokens like ETH continue to drive significant usage:<\/p>\n<p>USDC \u2014 54% of payment volume (20% of transactions)<br \/>\nUSDT \u2014 11% of payment volume (13% of transactions)<\/p>\n<p>ETH \u2014 31% of payment volume (54% of transactions)<\/p>\n<p>Other tokens (POL, BNB, SOL, etc.) make up the remaining share.<\/p>\n<p>While stablecoins (USDC + USDT) account for ~65% of total payment volume, ETH leads by transaction count. This reflects growing adoption of ETH as a direct payment asset in services such as Coinbase Commerce, where ETH payments are often accepted and seamlessly converted behind the scenes.<\/p>\n<p>\u00a0\u201c<em>Every extra step in a payment flow kills conversion. Collapsing \u2018connect\u2019 and \u2018pay\u2019 into a single action moves crypto closer to the checkout UX people already expect. It\u2019s great to see WalletConnect pushing the industry in this direction. We need standards like WalletConnect Pay if we want consumer crypto payments to scale beyond early adopters. We\u2019re glad to support this effort and we\u2019re excited to see the impact.<\/em>\u201d &#8211; Justin Gainsley, Payments Product Lead at Coinbase<\/p>\n<p>In Asia, WalletConnect partnered with dtcpay, a licensed Major Payment Institution (MPI) regulated by the Monetary Authority of Singapore, marking its first MPI partner in the region. More partnerships are expected to be announced with major payment service providers at WalletCon in November and early 2026.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WalletConnect, the connectivity layer for the financial internet, today announced the release of its WalletConnect Pay Whitepaper and wallet_pay, a new open standard for onchain payments designed to bring feature parity with traditional payment systems like Visa and Apple Pay. The wallet_pay standard, which will start to roll out to all WalletConnect Certified wallets in [&hellip;]<\/p>\n","protected":false},"author":102931,"featured_media":3204329,"template":"","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"press_contact_first_name":"Aaron","press_contact_last_name":"Dodd","press_contact_title":"Communications","press_contact_company":"WalletConnect","press_contact_email":"aaron@walletconnect.com","press_contact_phone":"","meta_description":"","keywords":"","spt_article_id":"iAqd9v86VSzUDFjt6TrGz","company_logo":3204330,"package_name":"Basic","spt_editor_url":"","footnotes":""},"tags":[],"class_list":["post-3204331","nw_announcement","type-nw_announcement","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>WalletConnect Unveils Vision for the Future of Payments: A Unified Standard and Stablecoin Adoption | PYMNTS.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pymnts.com\/newswire-announcements\/walletconnect-unveils-vision-for-the-future-of-payments-a-unified-standard-and-stablecoin-adoption\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WalletConnect Unveils Vision for the Future of Payments: A Unified Standard and Stablecoin Adoption\" \/>\n<meta property=\"og:description\" content=\"WalletConnect, the connectivity layer for the financial internet, today announced the release of its WalletConnect Pay Whitepaper and wallet_pay, a new open standard for onchain payments designed to bring feature parity with traditional payment systems like Visa and Apple Pay. 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