The Association of Cryptocurrency Enterprises and Startups Singapore (ACCESS) announced today that membership fees can now be paid through stablecoins, made possible via the integration with GrabPay that has a stablecoin top-up feature. ACCESS’ stablecoin membership payment model marks an industry-first for trade associations globally, demonstrating how digital assets can be integrated into non-profit operations. This initiative adds to the growing roster of regional innovation use cases featured during the week, highlighting the diverse advancements shaping the digital asset landscape. A recent study by global payment institution Triple-A, who power the stablecoin top-ups for GrabPay, indicated that 562 million people worldwide own cryptocurrencies as of 2024, underscoring the technology’s penetration into mainstream use.
ACCESS Drives Innovation with Digital Asset Payments
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. Notably, Stripe’s recent $1.1 billion acquisition of the stablecoin platform Bridge further highlights the sector’s growth.
Recognizing these trends, ACCESS is integrating GrabPay into its payment ecosystem to reduce transaction friction and enhance payment transparency. Members can fund their GrabPay wallet with stablecoins and use it to pay their membership dues in SGD, ensuring a smooth and compliant transaction experience.
“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,” said Katherine Ng, Secretary General of ACCESS and Managing Partner of Katashe Solutions, a Web3 venture builder. “This use case showcases the potential of mainstream platforms integrating Web3 solutions to bring secure, convenient, and compliant digital payment experiences to a broad user base.”
Eric Barbier, CEO of Triple-A, shared, “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.”
How it Works
ACCESS members can make their membership fee payment via stablecoins on the Grab app with the following steps:
Future Roadmap for ACCESS
Looking ahead, ACCESS will continue collaborating with industry players to expand digital asset adoption in Singapore through cross-chain interoperability projects that facilitate seamless digital asset transactions, educational programs designed to increase awareness and promote responsible blockchain usage, and strategic partnerships with startups, institutions, and fintech leaders to advance Web3 development. ACCESS remains committed to fostering a regulatory-compliant environment that benefits businesses, consumers, and the broader financial ecosystem. Additionally, the organization is prioritizing governance and policy development by convening discussions on sustainable blockchain adoption models, responsible treasury management strategies, and digital asset regulations.
About ACCESS
The Association of Cryptocurrency Enterprises and Startups Singapore (ACCESS) is a non-profit organization committed to developing Singapore as a premier global hub for the development of fintech and blockchain solutions. ACCESS engages industry players, policymakers, and the public through advocacy, education, and collaboration. For more information, please visit https://access.org.sg.
About Triple-A
Triple-A is a global payment institution licensed in the United States, Europe, and Singapore, enabling businesses worldwide to pay and get paid in both local and digital currencies.
We empower businesses such as Razer, Farfetch, Alternative Airlines, Du and Grab to reach over 560M digital currency owners, boost revenue, and optimise costs through stablecoin and cryptocurrency payments, while eliminating volatility, custody, and compliance risks. Our commitment is to build a more efficient, inclusive global payment ecosystem by bridging the gap between local and digital currencies.
Registered with the United States Financial Crimes Enforcement Network (FinCEN), licensed by the Monetary Authority of Singapore (MAS), and Banque de France’s ACPR in Europe, Triple-A is trusted by over 20,000 businesses worldwide to make global crypto payments simple, secure, and cost-effective.