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DeCash

“Can a multi-currency stablecoin issuer become the institutional-grade blockchain payment rail for exchanges and payment platforms that need fiat-pegged tokens without ETH gas complexity?”

HQPanama City, Republic of Panama
IndustryFintech / Crypto
The story

DeCash launched as a multi-currency stablecoin issuer on Ethereum (and initially Algorand), incorporated in the British Virgin Islands as DCIC Ltd. The legal entity was subsequently restructured to DCIC S.A., domiciled in Panama, explicitly excluding EU/EEA residents from its services. The product targets institutional and B2B clients — regulated financial intermediaries, exchanges, and payment platforms — positioning itself as infrastructure for cross-border blockchain payments without requiring ETH for gas fees, using a delegated transaction model.

Last 12 months
2026-07
Product timeline
2021
Terms & Conditions published; DeCash launched as fiat-backed stablecoin issuer under DCIC Ltd (BVI), with USDD, EURD, GBPD, and CFHD ERC-20 tokens on Ethereum.· banking
2022
Whitepaper v2.0 published by DCIC Ltd (BVI); DeCash API and DeCash Send (coming soon) introduced alongside Delegated Wallets; Algorand blockchain support documented.· pivot
2026
Whitepaper v3.1 published by DCIC S.A. (Panama); legal entity migrated from BVI to Panama; platform markets to crypto exchanges and payment platforms; total market cap ~$88M.· pivot
Regulated entities
1
regulatory licence held by DeCash
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in DeCash’s embedded-finance stack
Payments / PSP
DeCash API (self-operated)DeCash Send (self-operated)
Crypto
in the full report
Accounting gap: significant
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

DeCash — frequently asked

Who is DeCash's payment processor?

DeCash processes payments through DeCash API (self-operated) and DeCash Send (self-operated).

Which crypto provider does DeCash use?

DeCash's crypto products run on DeCash (self-operated).

What is DeCash's embedded finance stack?

The Embedded Finance Index 2026 maps 2 layers in DeCash's stack: Payments / PSP (DeCash API (self-operated) and DeCash Send (self-operated)); Crypto (DeCash (self-operated)).

Where is DeCash headquartered?

DeCash is headquartered in Panama City, Republic of Panama.

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