The all-time controversial cryptocurrency payment processor BitPay supports three major stablecoins now in addition to its existing list of supported tokens. According to the press release, BitPay confirms that businesses could accept payment in USDC, GUSD, and PAX. All of them are pegged to the U.S. dollar.

USDC stands for USD Coin GUSD stands for Gemini Dollar PAX stands for Paxos Standard Token

Tether (USDT) Excluded from Bitpay Supports

With this news coming out, BitPay’s total number of supporting cryptocurrencies increased to six alongside Bitcoin Cash (BCH), Bitcoin (BTC) and Ether (ETH). However, the stablecoin with the biggest trading volume by far Tether (USDT) still remains excluded from its supports.

Paying or accepting bills with stablecoins certainly opens up new possibilities for global businesses. For the reason that global businesses require stability of the dollar but with the security and efficiency of blockchain payments. BitPay’s CEO Stephan Pair commented in the press release.

He also said that businesses can now invoice international customers without the need for complicated and costly cross-border wire transfers. In contrast, customers can send and receive payments using fast, volatility-free, and efficient dollar-pegged stablecoins.

Corporate Decisions Bring BitPay into Spotlight

Despite continuous criticism faced over various aspects of its business practices, BitPay remains silent to comment on requests and complaints. This makes customers use BitPay less often. The seemingly arbitrary rejections of payments to charities ignite a storm on various social media sites. And, users start to claim that the company’s policy constituted the very centralized censorship that Bitcoin was built to eliminate.

A separate problem stems from BitPay’s lack of compatibility with many major wallets. In September this year, Bitcoin developers signaled that the future upgrades to the Bitcoin Core client could remove compatibility altogether.

BitPay supports for altcoin XRP revealed in October this year to send/receive payments.