dLocal has introduced Stablecoin Full, a service enabling merchants to collect, convert, and pay out funds using stablecoins across various emerging markets.

With this launch, stablecoins are integrated into dLocal’s current platform as a standard payment method, coexisting with local fiat options. Merchants can now accept stablecoins at checkout, opt for settlement in either USD or stablecoins, send global payouts using digital assets, and exchange between local currencies and stablecoins within the same integration framework that includes reporting and reconciliation features.

Solving payment challenges in emerging markets

According to dLocal’s official announcement, businesses operating in developing regions often encounter fragmented liquidity, foreign exchange volatility, a multitude of local payment methods, and differing regulatory landscapes. These factors complicate cross-border fund transfers in areas like Latin America, Africa, and Southeast Asia.

Stablecoins are becoming increasingly popular in some of these markets, especially in countries with high inflation rates, as an alternative for remittances, savings, and e-commerce transactions. Stablecoin Full aims to establish a regulated platform where merchants can formalize their use of stablecoins.

This solution integrates into dLocal’s licensed and regulated partner network in each market, ensuring that stablecoin transactions comply with local regulations, data requirements, and compliance standards. This approach is designed to eliminate the need for merchants to manage crypto infrastructure or navigate jurisdiction-specific regulatory requirements on their own.

Unified Infrastructure for Fiat and Digital Transactions

A key feature of Stablecoin Full is its unified orchestration layer, which manages both stablecoin and fiat transactions across pay-ins, payouts, on/off-ramps, and treasury operations. It also offers consolidated reporting and reconciliation capabilities across different markets, along with governance structures for handling data and working with regulated partners.

Marcelo Dutilh, Product Lead for Stablecoins at dLocal, noted that merchants are looking for a single partner to handle cross-market complexities instead of developing in-house crypto expertise or managing compliance issues on a country-by-country basis.