Tremendous offers payouts in USDC and USDT, the two most popular stablecoins, redeemable to recipients' own crypto wallets. These crypto options are off by default, but you can enable them in your campaigns anytime to reach recipients in markets where PayPal or bank transfers may not be available.
A stablecoin is a cryptocurrency designed to track the value of the US dollar. Unlike Bitcoin, the price isn't meant to swing, making it a reliable way to send monetary payouts.
Tremendous’ stablecoin payouts provider performs OFAC sanctions screening and Chainalysis blockchain analytics to screen every transaction for risks and suspicious activity.
Sending stablecoin payouts
Stablecoin payouts are available to recipients in 180+ countries and regions around the world. Stablecoin payouts have a minimum denomination of $6 USD.
To send stablecoin payouts to your recipients:
- Add stablecoin products to your campaign.
- Navigate to the Campaigns tab of the dashboard, then select Actions > Edit products on the desired campaign.
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Select the checkboxes next to the USDC or USDT stablecoin products.
Stablecoin payouts incur fees, which you can add to your order total or pass through to your recipients. Learn more about monetary payout fees.
- Save your changes.
- Place your order.
- On the Tremendous homepage, select Send rewards at the top left. Choose your preferred digital order type: email, text message, or link.
- Select the campaign that includes stablecoin products.
- Enter your recipients’ details and select your preferred payment method, then complete your order. Your order total is calculated and charged in your team currency, not USDC or USDT.
Redeeming stablecoin payouts
Recipients must provide their wallet address and full legal name when redeeming a stablecoin payout. Once redeemed, stablecoin payouts arrive in the destination wallet within one minute. See our Recipient Help Center guide for a detailed walkthrough of the redemption experience.
Some wallets impose deposit minimums when receiving funds. Recipients must check their wallet’s deposit minimum before they redeem their payout. If a recipient redeems a payout below their wallet’s deposit minimum, the funds will be lost.
Blockchain networks charge network fees, or gas fees, to process transactions. Network fees dynamically change throughout the day depending on the network. Tremendous covers the first $0.10 in network fees, with any remainder paid by the recipient.