Today, we’re excited to share a powerful new way to send money with stablecoin payouts.
With Remitly, you can now send U.S. dollars that are delivered as digital dollars (USDC). This gives our customers an additional payout choice designed for environments where inflation or currency instability might make digital dollars a helpful option.
Why Stablecoin Payouts Matter
In some markets, local currencies may lose value quickly. Even after sending funds home, your recipient might find it’s worth less by the time they use it. Stablecoins can help address this.
USDC is a stablecoin designed to maintain a 1:1 value with the U.S. dollar. By sending funds as USDC, your recipient receives a more predictable store of value they can hold, use, or convert when it makes sense for them.
Note: USDC is backed by U.S. dollar reserves and issued by Circle Internet Financial, LLC (“Circle”). Its value is generally stable, though may vary under certain market conditions. You can learn more by reviewing Circle’s USDC Terms.
How Stablecoin Works with Remitly
Sending stablecoins with Remitly is simple:
- Open the Remitly app and choose your destination.
- Select “Crypto wallet” as the delivery method.
- Enter your recipient’s wallet details (such as Yellow Card or Lemon Cash)*.
- Send money in USD, your recipient will have the equivalent amount in USDC delivered to their wallet, powered by our stablecoin partner.
Transfers are generally fast and available 24/7. You don’t need to buy crypto or use an exchange account, just send as you normally would.
*Mention of specific wallet providers is for illustrative purposes only. Remitly is not affiliated with these providers.
Built for Senders and Recipients Alike
This feature is helpful if your recipient already uses a crypto wallet or lives in a country where stablecoins are commonly used. Even if you’re new to crypto, Remitly handles the complexity behind the scenes so you can focus on supporting your loved ones with confidence.
Start Using Stablecoin Payouts
Help your loved ones gain more control and flexibility. With stablecoin payouts, the funds you send are designed to maintain their value—allowing your family to plan, save, and decide when to convert to local currency.
To try it, open the Remitly app and choose “Crypto wallet” as your delivery method.
*Currently available when sending from the U.S. to Argentina and Nigeria. Additional options coming soon.
Frequently Asked Questions (FAQs)
What is a stablecoin?
A stablecoin is a type of cryptocurrency intended to maintain a stable value by being tied to a reserve asset, such as the U.S. dollar. USDC is designed to be backed 1:1 by U.S. dollar reserves and is issued by Circle, a regulated financial institution. You can learn more by reviewing Circle’s USDC Terms.
How do stablecoin payouts work with Remitly?
When you send money through Remitly using the “Crypto wallet” delivery method, the funds are delivered as USDC (a stablecoin), powered by our stablecoin partner, to your recipient’s crypto wallet. This method supports value stability and fast availability.
Do I need to be familiar with cryptocurrency to use this service?
No. Remitly keeps the process simple. You send in USD; your recipient’s crypto wallet receives USDC. Clear steps are provided in the app.
Are stablecoin transactions secure?
Yes. Transactions are screened for compliance, sent over secure blockchain networks, and follow Remitly’s customer protection practices. Once delivered, they cannot be changed or canceled.
What do I need to use the stablecoin payout option?
You need to:
- Have a Remitly account in the U.S.
- Select “Crypto wallet” as the delivery method
- Ensure your recipient has a USDC-compatible wallet (e.g., Yellow Card, Lemon Cash, Trust Wallet)*
*Mentioned wallets are for illustrative purposes only and are not affiliated with Remitly.
Can I send a Stablecoin payout now?
As of now, stablecoin payouts are available when sending from the U.S. to Argentina and Nigeria. We plan to expand to additional countries in the future.
Digital assets, including stablecoins such as USDC, involve risks including price volatility, loss of value, technology failures, and counterparty or issuer risk. Digital assets are not legal tender. Digital-asset transactions may be irreversible. Stablecoin Payout services, including conversion, transmission, and related services, are provided by Bridge. Remitly’s and Bridge’s terms and conditions apply.