🇸🇬 Singapore
Pay with Stablecoins in Singapore
Pipe is a stablecoin wallet app with two balances: a stablecoin wallet (USDC/USDT on Base) and a local fiat wallet. When you scan a merchant's QR code, Pipe instantly converts your stablecoins to SGD and settles the merchant in fiat — they never see crypto. You get the convenience of stablecoins; the merchant gets a normal fiat payment.
USDC & USDT
Supported stablecoins
Base network
Built on
SGQR / PayNow QR
Merchant network
Why Pay with Stablecoins in Singapore?
Singapore is one of Southeast Asia's most crypto-forward jurisdictions, with a growing number of merchants accepting QR-based payments. Stablecoins like USDC and USDT let you hold dollar-pegged value without exchange rate risk — useful for travellers, remote workers, and digital nomads who move between currencies. Pipe bridges that stablecoin balance directly to everyday spending, without needing a crypto card or a local bank account.
How Pipe Works
Step 1
Deposit USDC or USDT
Top up your Pipe wallet with USDC or USDT from any exchange or wallet. Card top-up is also supported.
Step 2
Scan a QR code
Open Pipe, tap Pay, and scan the merchant's QR code. Pipe converts your stablecoins to the local currency at real-time rates.
Step 3
Merchant receives fiat
The merchant receives local currency immediately. No waiting, no volatility exposure on their end.
Step 4
More markets — coming soon
We're expanding to more merchants and markets. Join the waitlist to be first when new regions launch.
Pipe vs Your Alternatives
| Feature | Pipe | Crypto Card | Bank Transfer |
|---|---|---|---|
| Setup time | < 2 minutes | 3–7 business days | Instant (if local) |
| Merchant acceptance | QR-accepting terminals | Visa/Mastercard only | Bank account required |
| Conversion fees | Real-time FX rate | 1–3% + FX spread | 0% (local fiat) |
| Stablecoin support | USDC & USDT | Varies by provider | None |
| Privacy | No card number exposed | Card details shared | Bank account shared |
Frequently Asked Questions
Is USDC legal in Singapore?
Holding and transacting with stablecoins like USDC in Singapore is generally permitted for individuals. Singapore's Monetary Authority of Singapore (MAS) has published guidelines on digital payment tokens under the Payment Services Act 2019. For your specific situation — especially for business use — consult a qualified legal or compliance advisor.
Is it safe to hold stablecoins?
USDC and USDT are dollar-pegged stablecoins backed by cash and short-term treasuries. USDC is audited monthly by independent firms. Pipe uses Crossmint's custodial infrastructure on the Base network, which means your assets are secured without requiring you to manage private keys. As with any financial product, there are risks — read Pipe's terms before depositing.
What stablecoins does Pipe support?
Pipe currently supports USDC and USDT on the Base network. You can hold whichever you prefer and spend either at supported merchants.
How are stablecoins taxed in Singapore?
The Inland Revenue Authority of Singapore (IRAS) treats digital tokens as property. Singapore does not have a capital gains tax, so gains on stablecoins held personally may not be taxable — but GST and income tax rules may apply depending on how you use them. Consult a qualified tax advisor for your specific situation.
Which merchants accept Pipe payments?
Pipe works at merchants that accept QR payments. Not all QR codes in Singapore are compatible — coverage depends on the payment terminal the merchant uses. We're actively expanding merchant acceptance. Join the waitlist for updates.
Use your stablecoins in Singapore
Join the Pipe waitlist — top up with USDC or USDT, scan a QR code, and Pipe handles the conversion to SGD.
Join WaitlistCompare payment options: Crypto Card vs QR Payments in Singapore