The cryptocurrency payment gateway has expanded to support stablecoin payments
Georgetown, Cayman Islands - November 28, 2018
Merchants using the CoinPayments gateway can now accept stablecoin payments within their online stores. Until now, there had been no automated solution for processing stablecoin payments. The integration of stablecoins pegged to the US dollar into the CoinPayments platform allows users to have hosted wallets and automated payments for TrueUSD (TUSD), USD Coin (USDC), Gemini Dollar (GUSD), and Tether (USDT). Although there is no clear winner yet in the stablecoin category, each has its own advantages and disadvantages, and CoinPayments takes pride in supporting multiple options.
Considering the needs of our users, we are pleased to announce the integration of stablecoins into our growing list of accepted cryptocurrencies. This will greatly benefit all our users who face price volatility and strive to preserve their profits.
– CoinPayments Development Team
Stablecoins currently benefit from a wide infrastructure that enables their use on cryptocurrency exchanges as a trading pair providing protection against potential price volatility. Now, stablecoins can be used directly to purchase goods and services from any company using the CoinPayments payment gateway. This provides both the customer and the merchant the advantage of staying within the realm of cryptocurrencies, while enjoying the benefits of
