Dtcpay will shift to a payment model that only supports stablecoins

ChainCatcher news, according to Cointelegraph, the Singapore-licensed cryptocurrency payment platform Dtcpay has announced plans to gradually stop supporting cryptocurrencies such as Bitcoin, shifting to transactions limited to stablecoins.

Its platform will gradually cease support for Bitcoin and Ethereum payments by the end of 2024. Instead, Dtcpay will transition 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 the 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).