According to BlockBeats, on December 3, Dtcpay, a cryptocurrency payment platform licensed in Singapore, announced plans to gradually stop supporting cryptocurrencies such as Bitcoin and instead support stablecoin transactions only.
Its platform will gradually stop supporting Bitcoin and Ethereum payments by the end of 2024. Instead, Dtcpay will move to supporting only stablecoins (such as Tether's USDt and Circle's USD Coin) as payment methods for all its digital payment token (DPT) services.
Dtcpay plans to complete the full transformation to a stablecoin payment model in January 2025. In addition to USDT and USDC, Dtcpay will also support First Digital USD (FDUSD), a reserve-backed stablecoin launched by First Digital, and Worldwide USD (WUSD), a stablecoin of the Worldwide Stablecoin Payment Network (WSPN).
