DTCPay Closes $25M Series A as Japan's SBI Group Joins Stablecoin Payments Firm

The new capital is intended to help DTCPay grow its merchant network and expand its product line, including an updated enterprise business portal and additional consumer features. The company had previously raised $16.5 million in a pre-Series A round in 2023.

Founded in 2019, DTCPay supplies infrastructure that lets businesses and consumers accept, hold, and transact using stablecoins. Its offerings include a digital payment token point-of-sale service.

BitKE reported that Quek How Jiang, CEO of Genedant Capital, said dtcpay is building the regulated infrastructure that will bring stablecoin payments into everyday commerce, adding that the firm looked forward to using its network of strategic investors, industry leaders and institutional relationships to support the company's commercial expansion and international growth.

Binance says North Korean attackers used a malicious Homebrew download and a fake recruitment process to breach its wallet infrastructure and steal about $6.34 billion.