Your Guide to Stablecoin Payment Innovation, Merchant Adoption, and Compliance
Stablecoins explained: Digital currencies pegged to stable assets like USD or SGD, offering price stability and fast settlement.
Business benefits: Faster cross-border payments, lower costs, and access to broader customer segments.
Onboarding process: Choose a licensed digital payment service provider and accept stablecoins seamlessly.
FOMO Pay advantage: Licensed in Singapore, Hong Kong and United Arab Emirates, support multiple fiat and stablecoins like USDC and USDT, simple API integration, strong compliance and customer support.
Stablecoins are digital tokens designed to minimise volatility by being pegged to stable assets such as the US dollar, Singapore dollar, or gold. Popular examples include USDC, USDT, etc. They combine the speed and cost-efficiency of blockchain with the stability of fiat currency, making them ideal for transactions.
- Price stability: Avoids large price swings
- Unlock opportunities in decentralised finance (DeFi).
- Blockchain benefits: Near-instant settlement, 24/7 availability, and lower fees.
1. Understand MAS Regulations: Stablecoin acceptance may fall under Digital Payment Token (DPT) services regulated by the Payment Services Act. Ensure your provider is licensed.
2. Choose a Licensed Payment Provider: Partner with MAS-regulated platforms like FOMO Pay for secure, compliant transactions.
3. Select the Stablecoins You’ll Accept: USDC and USDT are widely used internationally.
4. Integrate Into Your Payment Systems: Use APIs, POS plugins, or e-commerce connectors for quick integration.
5. Stay Compliant and Audit-Ready: Maintain KYC/KYT/AML processes and keep transaction records.
FOMO Pay enables merchants worldwide to accept stablecoin payments with a seamless onboarding process. Merchants complete a registration form, provide the necessary compliance documentation, and get set up with our secure payment infrastructure. Once approved, they can start accepting leading stablecoins, expanding their payment options for global customers.
MAS Licensing: Fully licensed under the Payment Services Act and also the first fintech in Singapore to receive the Digital Payment Token (DPT) license.
Instant Conversion: Optional auto-settlement into multi-currency to reduce volatility risk.
Easy Integration: Developer-friendly APIs and ready-to-use plugins.- Transparent Operations: Built-in compliance and reporting tools.
To contact FOMO Pay and start accepting stablecoins, please visit our official Contact Us page.
FOMO Pay has already powered stablecoin adoption for global enterprises:
Volkswagen Group Singapore Partnership: Volkswagen Group Singapore integrated FOMO Pay's infrastructure to allow customers to pay for vehicles and aftersales service using major digital currencies such as BTC, ETH, USDT, USDC, etc.
Circle Payments Network Design Partner: FOMO Pay collaborated with Circle, an issuer of USDC, and joined Circle Payments Network as a founding partner to enable real-time cross-border stablecoin transactions with near-instant settlement, expanding their global payment infrastructure to help businesses streamline international trade.
Global Dollar Network Membership: FOMO Pay joined the Global Dollar Network as one of the first partners to integrate USDG stablecoin into its payment infrastructure, enabling merchants and corporates to accept regulated stablecoin payments for faster, more transparent cross-border transactions across Southeast Asia, the Greater Bay Area, and MENA.
Stablecoins are not just the future—they’re already transforming how businesses send and receive money globally. With a regulated, trusted partner like FOMO Pay, Singapore and international merchants can embrace this innovation securely and compliantly.
Q: What stablecoins are most suitable for Singapore merchants?
A: USDC, USDT, and regulated stablecoins.
Q: Is accepting stablecoins expensive?
A: No—fees are often lower than card processing and bank transfers.
Q: Can I keep my funds in digital assets?
A: Yes, or you can instantly convert to fiat currencies.
Q: Is it complicated to add stablecoins to my payment flow?
A: Not with FOMO Pay—integration can be as simple as adding a new payment method.
