Crypto Payments Company Dtcpay Shifts to Stablecoin-Only Payment Model

PA一线｜2024-12-03 20:01

PANews reported on December 3 that according to Cointelegraph, Singapore's licensed cryptocurrency payment platform Dtcpay announced plans to gradually stop supporting cryptocurrencies such as Bitcoin and instead support stablecoin-only transactions.

Dtcpay officially announced on the X platform on December 3 that its platform will gradually stop supporting Bitcoin and Ethereum payments by the end of 2024. Dtcpay said that all its digital payment token (DPT) services will transition to only support stablecoins, such as Tether's USDT and Circle's USDC. Dtcpay plans to transition to a model that only supports stablecoins by January 2025. In addition, Dtcpay will also support First Digital's reserve-backed stablecoin FDUSD and the World Stablecoin Payment Network (WSPN)'s stablecoin WUSD.

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