- dtcpay announced it will shift its payment services to stablecoins starting in 2025.
- The Singapore-based platform will discontinue Bitcoin and Ethereum payments by the end of the year.
Singapore-based payment institution dtcpay has announced a major shift taking effect in 2025. The licensed payments platform said it will stop accepting digital assets Bitcoin and Ethereum as payment methods and will instead support stablecoins and fiat currency payment options.
The move prioritizes the stability of stablecoins and fiat over the inherent volatility of cryptocurrencies. Business operators and consumers can expect a more secure and regulation-compliant payment experience under the new model.
dtcpay eyes stablecoins in services pivot
In its announcement, dtcpay said January 2025 will mark a change in approach. With the decision to stop accepting BTC and ETH, the company plans to support stablecoins such as USDT, USDC, Worldwide USD (WUSD) and First Digital USD (FDUSD), alongside traditional fiat payment methods.
dtcpay’s decision comes amid a broader trend of users of regulated digital payment providers moving toward stablecoins. The company aims to capitalize on that growth as digital payments continue to evolve and become a mainstream component of the broader cryptocurrency revolution.
Stablecoins account for a significant share of on-chain value transfers: Chainalysis reported in Q2 2024 that asset-backed stablecoins represented roughly $1 billion in payment activity. dtcpay’s strategic change signals market demand for a stable, reliable digital payment option. By aligning with long-term trends and emphasizing trust, the platform expects to strengthen consumer confidence.
Thanks to its innovation, steady digital growth and industry recognition, dtcpay has become a preferred partner for businesses. In October 2024, the payment platform was the only Asia-based company selected for the Mastercard Start Path program. It also became the first company to deploy a regulated point-of-sale (POS) solution in Singapore that enables merchants to accept crypto-based payments.