Bitpay Launches Support For Three USD Stablecoins — But Not Tether
William Suberg's original article for cointelegraph.com reduced by 77%
Controversial cryptocurrency payment processor BitPay has announced it is adding three stablecoins to its list of supported tokens. In a press release on Dec. 10, BitPay confirmed businesses could now accept payment in USD Coin, Gemini Dollar and Paxos Standard Token.
BitPay steers clear of USDT. The rollout brings the total number of available cryptocurrencies to six, alongside Bitcoin, Bitcoin Cash and Ether. Notably absent from BitPay's choice is Tether, the stablecoin with by far the biggest trading volumes.
BitPay has faced sustained criticism over various aspects of its business practices this year. A separate problem stems from BitPay's lack of compatibility with many major wallets. In October, BitPay announced plans to support altcoin XRP for payments.
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