New feature release: Stablecoin conversions
Confirmo is excited to announce the release of our highly anticipated stablecoin conversions feature. Let’s explore how this update helps your crypto-enabled business!
Convert to USDT or USDC
Until now, when creating a new payment method, you could set up automatic conversions of incoming payments into Bitcoin, fiat currencies, or simply accept the currencies your customers pay with.
With this update, you can now convert all incoming payments to your preferred stablecoin – USDT or USDC. Stablecoins offer the speed and efficiency of crypto without the volatility, as their value is pegged to the US Dollar.
Once you receive a payment with stablecoin conversions enabled, the assets will be received to their respective balances in your Confirmo account. You can withdraw from these balances using Payouts (manual mass withdrawals), or Settlements (automated withdrawals) as usual.
Withdrawing your funds
Withdrawals are available on the following networks:
- USDT: Tron network
- USDC: Ethereum network
These new features greatly increase business flexibility when managing crypto payments, and we are working on more exciting releases in the near future.
