Everything You Need to Know About Stablecoins on Raenest.

Stablecoins make it easier to move money across borders without the price swings associated with many other cryptocurrencies. On Raenest, you can receive, hold, send, convert, and spend USDC and USDT.

With the latest update, USDC and USDT now have dedicated wallets, giving each stablecoin its own balance, wallet address, and transaction history. Your incoming stablecoins stay in their original form instead of being automatically converted to USD, giving you more control over how you use them. You can also move your USDC or USDT into Stablecoin Vault to earn variable returns over time.

This guide explains how stablecoins work on Raenest, how to open your stablecoin wallet, and how to receive, hold, convert, spend, and send your stablecoins.

Stablecoins are cryptocurrencies designed to maintain a relatively stable value by being tied, or pegged, to a stable asset such as the U.S. Dollar. Two of the most widely used stablecoins are:

Stablecoins are commonly used for international payments because they allow people and businesses to move value across borders via blockchain networks.

USDC and USDT now have their own dedicated wallets on Raenest. When someone sends you USDC or USDT, the funds are credited to the matching stablecoin wallet in your Raenest account. Unlike the previous stablecoin experience, incoming stablecoins are not automatically converted to USD. From your stablecoin wallet, you can:

Before you can receive, convert, spend, or send USDC or USDT, you'll need to create a stablecoin wallet. Setting one up takes less than a minute.

Once your wallet is created, it will appear on your Stablecoin tab with its own balance, wallet address, and transaction history.

You can create both a USDC wallet and a USDT wallet. Each wallet keeps its own balance and transaction history.

Once you've created your USDC or USDT wallet, you can use its wallet address to receive payments from another person or move funds in from another wallet.

To find your wallet address:

Before a sender makes a transfer, make sure they're using a network your wallet supports. Using the wrong network can prevent the funds from arriving correctly.

Once received, your USDC or USDT stays in its corresponding stablecoin wallet rather than automatically converting to USD.

Once received, you can convert your USDC or USDT into other currencies directly in the Raenest app. Here’s how to convert stablecoins on Raenest:

You can convert USDC or USDT into available currencies, including USD, GBP, EUR, NGN, and KES.

The conversion fee depends on the currencies involved:

The exact fee is shown before you confirm your conversion.

We recently upgraded your Raenest card, and you can now spend your USDC and USDT directly with your card. This means you don't need to convert your stablecoins to USD to use them.

When you're ready to pay, simply choose the balance you want to spend, and your USDC or USDT balance will appear alongside your USD, GBP, EUR, and NGN balances. Once you select your stablecoin balance, your card draws directly from it to complete the payment, so there's no need to fund your card separately or pay card funding fees.

And because your Raenest card works anywhere Visa is accepted, you can use your USDC and USDT to pay online or in-store across more than 150 million merchants worldwide.

Want to learn more about the upgraded Raenest card? Here's everything you need to know about the new Raenest card.

Stablecoins are available as a receiver type in Send Money, alongside other options such as Bank Account, Mobile Money, and Raenest Tag. To send stablecoins:

You can send stablecoins across supported networks, including Ethereum, Tron, Binance, Solana, and Polygon. The available networks will appear when you set up your transfer.

A stablecoin send can include up to three charges:

Yes. If you have USDC or USDT sitting in your Raenest wallet, you can put them to work with Stablecoin Vault and earn variable returns over time.

Getting started is simple. Deposit at least $100 into your Vault, and once your deposit is successfully processed, your funds begin earning 24 hours later. Your earnings are added to your Vault balance daily, so they can compound over time without you having to do anything extra. Read our complete guide to Raenest Stablecoin Vault.

You can currently use USDC and USDT on Raenest.

2. Can I hold stablecoins on Raenest?

Yes. Your USDC and USDT each have their own dedicated wallet, balance, and transaction history.

3. Can I send stablecoins from Raenest?

Yes. You can send USDC and USDT to external wallet addresses across supported networks.

4. Which networks can I use to send stablecoins?

Supported networks include Ethereum, Tron, Binance, Solana, and Polygon. The available networks appear when you set up your transfer.

5. Can I convert stablecoins to USD?

Yes. You can convert USDC or USDT to USD directly in the Raenest app.

6. Can I convert stablecoins to other currencies?

Yes. You can convert USDC and USDT into available currencies, including USD, GBP, EUR, NGN, and KES.

7. Do I need to convert my stablecoins before spending them?

No. Your Raenest card can spend directly from your USDC or USDT balance, so you don't need to convert your stablecoins to USD first.

8. Can I earn on my stablecoins?

Yes. You can move your USDC or USDT into Stablecoin Vault and earn variable returns. See our Stablecoin Vault guide for more information.

9. How much does it cost to convert stablecoins?

Conversions between USD and USDC or USDT incur a 0.50% fee. Conversions between USDC/USDT and other currencies incur a 0.70% fee. The exact fee is shown before you confirm.

10. How much does it cost to send stablecoins?

Raenest charges $2 + 0.1% per stablecoin send, with the percentage fee capped at $20. Network or gas fees and applicable conversion fees may also apply.

Your USDC and USDT can now do more than just receive payments. Hold them. Send them. Convert them. Spend them. Or put them to work. Open the Raenest app, head to Accounts, switch to the Stablecoin tab, and create your USDC or USDT wallet to get started.