Singapore Fintech Association adds stablecoin option for membership payments
Triple-A converts the payments into Singapore dollars before settling with the association, which does not handle digital assets.
The Singapore Fintech Association (SFA) has introduced a stablecoin payment option for membership fees, using Triple-A to process the transactions. The option is available to both current members and people applying to join.
Payments can be made through a compatible digital wallet, while the association’s other payment methods remain available. Triple-A handles conversion into Singapore dollars and transfers the funds directly to SFA, leaving the association without any need to hold or handle digital assets.
Triple-A holds a Major Payment Institution licence from the Monetary Authority of Singapore. Its founder and CEO, Eric Barbier, said the arrangement demonstrated how organisations could make accepting stablecoins as straightforward as other forms of payment.
SFA president Holly Fang said the additional method gave members more choice over payments. She also described it as a step towards broader adoption and strengthening Singapore’s role in payments innovation.
