BitPay cryptocurrency processing service has added support for stablecoins USD coin (USDC), gemini dollar (GUSD) and paxos standard token (PAX).
According to the service, more than 30 thousand BitPay partners, including Microsoft and Avnet, will now be able to receive payments from their clients in stablecoins.
Stephen Pair, BitPay’s CEO, and Co-founder claims businesses can invoice international customers without the need for costly, complicated cross-border wire transfers.
"Customers can send and receive payments using fast, efficient, and volatility free dollar-pegged stablecoins," Pair added.
Earlier iHodl reported that the Council of the European Union issued a report, according to which the EU decision-maker will ban all stablecoins until all of the risks related to them and concerns are properly addressed.
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