Payments Processor BitPay Integrates Stablecoin Settlements

Bitcoin payment processor BitPay has announced that merchants may now accept settlement in USD-pegged cryptocurrency “stablecoins” Gemini Dollar (GUSD) and USD Coin (USDC), providing them with the ability to denominate their operations in cryptocurrency while remaining immune from market volatility. The Atlanta-based BitPay made the announcement on Monday, explaining that it will allow merchants in 190 countries to accept international payments without relying on costly, time-consuming wire transfers. GUSD was recently launched by Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss. The token, whose balance sheet will be…

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