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Gemini Dollar (GUSD) and Other Stablecoins Now Supported by BitPay

Tue, 12/10/2019 - 16:17
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Alex Dovbnya
BitPay makes a huge step towards propelling the adoption of stablecoins by rolling out GUSD, USDC, and PAX for its customers around the globe
Gemini Dollar (GUSD) and Other Stablecoins Now Supported by BitPay
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BitPay, the leading cryptocurrency payment provider, has announced the addition of Gemini Dollar (GUSD), Circle’s USD Coin (USDC), and Paxos Standard Token (PAX), according to the company's press release.    

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Making crypto commerce volatility-free 

The aforementioned cryptocurrencies can now be used for payments at thousands of companies, including such giants as Microsoft and Avnet. 

On top of that, BitPay customers can also send funds from one wallet to another, which is seen as a viable alternative to old-fashioned bank transfers. 

While explaining the reason behind the most recent additions, the company claims that the adoption of USD-pegged stablecoins has dramatically increased over the last few years. They offer fast transactions and transparency while bringing stability to the volatile world of cryptocurrencies. 

“Accepting or paying with stablecoins opens up new possibilities for global businesses that require the stability of the dollar but the security and efficiency of blockchain payments,” said Stephen Pair, BitPay’s CEO.

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Adding new crypto payment options  

Bitcoin and Bitcoin Cash have long remained the only cryptocurrencies supported by BitPay, but the company started to offer new options as of recently. 

As reported by U.Today, BitPay finally embraced Ethereum at the beginning of September. A month later, the company expanded the suite of available coins with XRP after inking a partnership with Ripple's investment arm Xpring. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at