The encryption payment platform Dtcpay will shift to a payment model that only supports stablecoins.

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On December 3rd, Dtcpay, a Singapore-licensed cryptocurrency payment platform, announced plans to gradually stop supporting cryptocurrencies such as BTC and ETH, and instead focus on transactions limited to stable coins. The platform will gradually phase out support for BTC and ETH payments by the end of 2024. In their place, Dtcpay will shift towards supporting only stable coins, such as Tether's USDt and Circle's USD Coin, as the payment method for all their digital payment tokens (DPT) services. Dtcpay aims to complete the full transition to a stable coin payment model by January 2025. In addition to USDT and USDC, Dtcpay will also support First Digital's reserve-backed stable coin, First Digital USD (FDUSD), and the Stable Coin Worldwide USD (WUSD) from the Worldwide Stablecoin Payment Network (WSPN).

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