Service BitPay adds support tablconv USD Dollar Coin and Gemini


Service BitPay added support for two stalking. This coin project Circle USD Coin (USDC) and cryptocurrency brothers Winklevoss Gemini Dollar (GUSD).

According to a press release from BitPay, stabilini can be exchanged for Fiat through Circle and Gemini. Every coin is pegged to the us dollar at a ratio of 1:1, so the holders are much less risks than those who are interested in the volatile cryptocurrency.

“Adding USDC and GUSD gives users an alternative to BitPay for bitcoin in the form of stable coins,” — said in the message.

So far the service has supported payment only in bitcoin (Bitcoin) Bitcoin and Cash (Bitcoin.Cash). Now, the client platform can use stablon without resorting to banking services, and the calculations can be done on any day and any time. In July, BitPay became the eighth company to receive a license BitLisense from the new York Department of financial services and had the opportunity to process payments for merchants and residents of this jurisdiction. Now the company can conduct calculations in 190 countries.

From Gemini to Dollar Candy: 8 new tablconv

Circle released their stablon September 26. About the launch of Gemini Dollar became known on September 10. The coin is created on the Ethereum blockchain and received permission of the new York Department of financial services. Both crypto-currencies pegged to the U.S. dollar. USDC and GUSD previously added largest market OKEx.

Why is it important

  • Stabilini are becoming more popular among the players of the stock market due to the absence of such volatility, what is at the usual cryptocurrency. They are tied to real assets and thus have a more sustainable course. The most known stable coin Tether tied to the dollar at a ratio of 1:1, is now worth $0.97 and eve fell by 6%.

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