Stablecoins are now available on Raenest, making it easier than ever to receive money from clients, partners, and family abroad who prefer paying with crypto. With Raenest, you can receive USDT and USDC, and the funds are instantly converted into U.S. Dollars (USD) in your Raenest account, no need to worry about volatility or managing crypto wallets.
This guide explains everything you need to know about how stablecoins work on Raenest.
What are Stablecoins?
Stablecoins are cryptocurrencies designed to maintain a steady value by being tied (“pegged”) to a stable asset like the U.S. Dollar.
1 USDC ≈ 1 USD
1 USDT ≈ 1 USD
They’re widely used for sending and receiving money internationally because they’re faster and more stable than most cryptocurrencies.
How Stablecoins work on Raenest
On Raenest, stablecoins act as a receivable method.
When someone sends USDT or USDC to your stablecoin wallet address, the funds are automatically converted to USD using the exchange rate at the time of the transaction.
The converted funds are then credited to your Raenest USD account.
From there, you can spend, withdraw, or transfer like any other balance in your Raenest account.
Note: You cannot withdraw or store stablecoins on Raenest. Once received, they are immediately converted into USD and credited to your wallet.
How to create a Stablecoin Wallet
You’ll need a stablecoin wallet address to start receiving payments. There are two ways this works depending on your account status:
If you don’t already have a USD, GBP, or EUR bank account on Raenest:
Go to Accounts in the app.
Select “Get Account.”
You’ll be asked to fill a short questionnaire with details about you and your work (this is the same process as opening a bank account).
Once submitted, your request will either:
Be approved immediately, or
Go under review (depending on your responses and history).
Once approved, your USDC and USDT wallet addresses will be created.
If you already have a Raenest bank account (USD, GBP, or EUR):
Go to Accounts and select “Create Stablecoin Wallet.”
You’ll review and accept the Terms & Conditions.
Your stablecoin wallet is created. Depending on the system check, it may be:
Approved immediately, or
Sent under review if there are questionable past transactions.
Each stablecoin wallet gives you both a USDC address and a USDT address, and each comes with a sub-wallet for different networks (Ethereum, Tron, etc.), so you can choose the one that works best for the sender.
How to Receive Stablecoins
Open your Raenest app and go to Accounts.
Copy your stablecoin wallet address (USDC or USDT).
Share it with the sender.
Once the payment is made:
The stablecoins are instantly converted to USD at the current exchange rate.
The USD balance is credited to your Raenest account.
Transfers typically take 1 - 20 minutes to reflect, depending on the blockchain network (Ethereum, Tron, etc.) and network congestion.
What are the conversion rates for USDC/USDT to USD?
Stablecoin transactions are converted into USD at the prevailing exchange rate at the time of transaction.
The rate is provided by Raenest’s payment partners and may differ slightly from other exchanges.
All conversions are final — once USDC/USDT is received, it cannot be converted back to stablecoins.
How can I spend or use the funds I receive?
Once converted, your USD balance can be used like any other funds in Raenest:
Withdraw to your local bank account.
Spend using your Raenest card.
Use it for cross-border payments.
Are there transaction limits for receiving Stablecoins?
Your transaction limits depend on your KYC (Know Your Customer) level.
Higher verification levels mean higher limits.
Suspicious or non-compliant inflows may be placed on hold for further checks before being released.
Why Stablecoins on Raenest?
With stablecoins on Raenest, you get the best of both worlds:
Receive payments quickly from anywhere in the world.
Avoid the volatility of crypto as your funds arrive as USD instantly.
No need to manage separate crypto wallets.
Compliant, secure, and simple to use.
That’s all you need to know to get started with stablecoins on Raenest. Ready to get paid in stablecoins? Log in to the app and tap ‘Account’.