ChainCatcher news, according to Cointelegraph, the Singapore-licensed cryptocurrency payment platform Dtcpay has announced plans to gradually stop supporting cryptocurrencies like Bitcoin, instead opting to support transactions limited to stablecoins.
Its platform will gradually stop supporting Bitcoin and Ethereum payments by the end of 2024. Instead, Dtcpay will shift to exclusively supporting stablecoins (such as Tether's USDt and Circle's USD Coin) as the payment method for all its Digital Payment Token (DPT) services.
Dtcpay plans to complete its full transition to a stablecoin payment model by January 2025. In addition to USDT and USDC, Dtcpay will also support the reserve-backed stablecoin First Digital USD (FDUSD) launched by First Digital, as well as the stablecoin Worldwide USD (WUSD) from the Worldwide Stablecoin Payment Network (WSPN).
