On Monday the cryptocurrency payment processor Bitpay announced the company is now supporting settlement options using two stablecoins — the Gemini dollar and the Circle Centre coin. Not only can Bitpay merchants settle in BCH, BTC, and local fiat currencies, but they can also utilize a US dollar-equivalent digital currency.
Bitpay Now Supports Settlement With Two Stablecoins — USDC and GUSD
Stablecoins have been a hot topic recently as a slew of new assets has joined the crypto-economy’s ranks. On Oct. 15 the Atlanta-based firm Bitpay announced the company will now support stablecoins for merchant settlement options. This means Bitpay merchants can choose to accept the Gemini dollar (GUSD) or Circle’s Centre coin (USDC) for settlement instead of settling in BCH, BTC, or local currencies.