The Association of Cryptocurrency Enterprises and Startups Singapore (ACCESS) announced that members can now pay fees using stablecoins through GrabPay, which recently introduced a stablecoin top-up feature.
Industry-First Initiative
The media release highlighted that this marks the first time a trade association globally has enabled stablecoin payments.
- According to ACCESS, the initiative contributes to the expanding list of regional innovation use cases, emphasizing the diverse advancements shaping the digital asset landscape.
- The group also highlighted that integrating GrabPay will simplify transactions and improve transparency.
“ACCESS is dedicated to driving innovation in Singapore’s digital asset ecosystem. By integrating GrabPay, which supports stablecoin transactions, we are offering members a seamless and secure way to engage with digital assets,”
Katherine Ng, Secretary General, ACCESS and Managing Partner, Katashe Solutions
Ng also emphasized that this initiative demonstrates how mainstream platforms can integrate web3 solutions:
“We are pleased to support Grab and ACCESS in enabling stablecoin payments for membership fees. This partnership underscores the increasing demand for stablecoins and the importance of making stablecoins practical and accessible for everyday transactions.”
Eric Barbier, CEO, Triple-A
Stablecoin Adoption and Market Growth
The organization also referenced a recent study by global payment institution Triple-A, which facilitates GrabPay’s stablecoin top-ups, showing that 562 million people worldwide owned cryptocurrencies as of 2024.
“Stablecoins, which are pegged to a reserve of fiat currency or other assets, now represent a market valued at over $170 billion. With leading stablecoins such as Tether (USDT) and USD Coin (USDC) gaining traction for payments and remittances, fintech firms are accelerating adoption,” the media release read.
Notably, ACCESS also noted Stripe’s recent $1.1 billion acquisition of the stablecoin platform Bridge which was pointed out to further highlight the sector’s growth.
Looking Ahead
ACCESS shared that it will focus on expanding digital asset adoption in Singapore through cross-chain interoperability, education and strategic partnerships. The organization also stressed that it remains committed to regulatory compliance, fostering Web3 development and promoting responsible blockchain use. Additionally, it will prioritize governance and policy discussions on sustainable adoption, treasury management and digital asset regulations.
How to Pay ACCESS Membership Fee Using GrabPay
Members can top up their GrabPay wallets with stablecoins and pay their membership fees in Singapore dollars smoothly and securely.
- At the ACCESS website (https://access.org.sg/), select the membership type and click “Buy Now”:
- Student – $50
- Individual – $150
- Corporate (Overseas) – $1,000
- Corporate (Local) – $200
- Proceed to checkout.
- Input necessary details.
- Once done, proceed to payment.
- Select GrabPay as the payment option.
- In the Grab app, input the amount, ACCESS as the receiver and the order number.
- Enter the amount and confirm.
- Wait for the payment confirmation on the website.
This article is published on BitPinas: SG Crypto Association ACCESS Now Accepts Stablecoin Payments via GrabPay
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