Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 11911
Markets: 92186
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
11911
Cryptocurrencies
53.67%
Bitcoin Share
Cryptopolitan 2024-12-03 22:55:53

Singapore’s Dtcpay to support only stablecoins, dropping BTC and ETH in 2025

Singapore’s Dtcpay to support only stablecoins, dropping BTC and ETH in 2025

Dtcpay, a cryptocurrency payment platform in Singapore, will switch to supporting only stablecoins starting in January 2025. With this move, the firm intends to stop accepting Bitcoin (BTC) and Ethereum (ETH) for payments. According to the report , the firm said the aim of this change offer a more stable, secure, and reliable payment system. Dtcpay, founded in 2019, is one of the key players in fintech, earning support from major industries like Singapore’s Pontiac Land. The company received a payment license from Singapore’s central bank in 2022. Dtcpay’s shift to stablecoins The shift also comes amid the growing demand for stable, secure, and regulated payment options. Cryptocurrencies like Bitcoin and Ethereum can have big price changes, which create risks for businesses and users. Stablecoins, which are tied to traditional currencies like the U.S. dollar, offer a more predictable and stable alternative for digital transactions. Dtcpay believes this move will make payments safer and easier for everyone. Dtcpay’s decision is part of a larger trend in the fintech industry. A report from Chainalysis shows that stablecoin payments in Singapore reached nearly $1 billion in the second quarter of 2024. Dtcpay will only support certain stablecoins like Tether’s USDt (USDT), Circle’s USD Coin (USDC), First Digital USD (FDUSD), and Worldwide USD (WUSD). These stablecoins are backed by real reserves to keep them at a 1:1 value with the U.S. dollar. FDUSD, launched in June 2023, is now the sixth-largest stablecoin with a market value of $1.9 billion. WUSD, backed by the Worldwide Stablecoin Payment Network, is known for its added security since it is fully backed by reserves. The Singapore firm noted that the new stablecoin-only model aligns with its mission to deliver a “more reliable, scalable, and secure payment experience” for its clients. The platform’s commitment to stability is important in the financial ecosystem. A large part of their transactions is already done with stablecoins. This change also aligns with growing regulations in places like Singapore, where the government is setting clear rules for digital assets. Dtcpay is ready to these changes to stay compliant and meet demand. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
53.67%
Bitcoin Share
603
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.