Dtcpay management clarified that the platform will only support certain stablecoins: USDT, USDC, First Digital USD (FDUSD), and Worldwide USD (WUSD). These tokens are backed by the US dollar at a 1:1 ratio.

Dtcpay noted that stablecoins tied to government currencies can become a more predictable, secure, and stable alternative for making digital payments. While BTC, ETH, and other cryptocurrencies create financial risks for businesses and individual users due to strong volatility.

Dtcpay was founded in 2019 and has become one of the key players in the fintech industry. Dtcpay received funding from the developer Pontiac Land in Singapore, and in 2022, it received a license to process payments from the Central Bank of Singapore.

According to analysts at Chainalysis, Singapore has become one of the leaders in accepting cryptocurrency payments. In Q2 2024, the total value of crypto transactions processed through merchant services in Singapore reached $1 billion.$BTC $ETH