Bitpace Integrates USDG Stablecoin for Cross-Border Invoices
Bitpace, a crypto payment gateway, has added support for the USDG stablecoin to its platform. This move enables merchants and businesses to settle international invoices using a regulated dollar-backed option. According to Anil Oncu, Bitpace's CEO, this integration provides another way for businesses to transfer money across borders without relying on traditional wire transfers.
The USDG integration works by settling transactions on a blockchain network while staying pegged to the US dollar, thus avoiding price swings tied to unbacked digital assets. Bitpace handles the conversion and custody work behind the scenes, allowing merchants to accept USDG through their existing checkout flow without building separate liquidity or custody systems.
This move is part of a wider trend towards stablecoin rails for cross-border trade, which our crypto news hub has tracked in its breakdown of how stablecoins are speeding up international payments. Bitpace plans to continue expanding its supported asset list and treasury settlement tools as demand grows among commercial clients.