Singapore-based payment institution dtcpay has announced that it will be shifting its payments services to stablecoins only effective 2025.
The platform intends to phase out Bitcoin and Ethereum by the end of the year and will only support stablecoins and fiat currency payment modes going forward.
The decision is driven by the stability and regulatory compliance offered by stablecoins, as well as the growing trend of users leaning towards stablecoins for digital payments.
dtcpay's strategic move reflects the need for a reliable and secure digital payment method, and the company's track record and innovation in the industry have gained consumer confidence.