Wu said that according to fintechnews, digital payment token provider dtcpay has announced a strategic shift that will exclusively support stablecoins for all its payment services starting in January 2025. The move will phase out support for Bitcoin (BTC) and Ethereum (ETH) by the end of this year, while maintaining support for all other stablecoins and fiat currency services. The company stressed that the inherent volatility of cryptocurrencies such as Bitcoin and Ethereum was the driving force behind this decision. This shift is also consistent with observed user behavior, as a large portion of dtcpay's transaction volume already comes from stablecoins based on one year of transaction data. dtcpay plans to gradually support a wider range of stablecoins, including First Digital USD (FDUSD) and Worldwide USD (WUSD) in addition to the currently supported USDT and USDC.
