Stablecoin payouts for ConnectVersion bêta privée

Stablecoin payouts let your platform pay out in stablecoins, starting with USDC. You can use stablecoin payouts with your existing Connect integration to avoid managing stablecoins yourself. Your platform’s funds can remain in fiat currency, and Stripe handles converting to stablecoins and paying it out.

How it works

When you opt in to stablecoin payouts and provide your users access to the Express Dashboard, your users can link a crypto wallet with their account and set their default currency to USDC. Your users can link a crypto wallet using the Express Dashboard.

When a user links a crypto wallet, they immediately see a new USDC balance on their connected account. The USDC balance works like any other local currency balance. You can transfer funds into the balance and the funds are paid out to their linked crypto wallet instead of their bank account. When you create Transfers in USD, they automatically convert to the preferred currency of your recipients. This simplifies your integration and enables you to have a unified integration across fiat and stablecoin payouts.

Considerations

• US platform activation: Your platform must be in the US and activated. You can activate it by registering your platform, activating your account, and completing the platform profile.
• Individual recipients: Recipients paid in crypto must be individuals or sole proprietors. Paying companies and non-profits in crypto isn’t currently supported.
• Express Dashboard access: To pay an individual in crypto, create a connected account for them with access to the Express Dashboard. They can link a crypto wallet and choose their preferred currency in this Dashboard.
• Pay with the Transfers API: You must use the Transfers API within your integration to pay in stablecoins. Transfers to connected accounts with linked crypto wallets are converted from fiat to USDC, enabling you to pay in USDC while your platform balance stays in fiat. If you haven’t built an integration yet, you can pay in crypto using a no-code or programmatic integration.