The “Receive Stablecoin” feature allows users to accept stablecoin payments (like USDT) directly into their Shiga wallet. This function supports automatic conversion to fiat currency (USD, EUR, GBP) if desired, depositing funds into a linked bank account.

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Why This Feature is Necessary

  1. Seamless Crypto-to-Fiat Conversion
    • Enables instant conversion of stablecoins into spendable cash without manual exchanges.
  2. Business & Merchant Payments
    • Businesses can accept crypto payments while receiving fiat, avoiding volatility risks.
  3. Cross-Border Transactions
    • Faster and cheaper than traditional banking for international payments.
  4. DeFi & Banking Bridge
    • Connects decentralized finance (DeFi) with traditional banking, making crypto usable in everyday finances.
  5. Flexible Receiving Options
    • Users can choose between:
      • Pure stablecoin deposits (for crypto transactions).
      • Auto-conversion to fiat (for cash liquidity).
      • Payment links (for easy invoicing).
How to Receive Stablecoin
  1. On the Shiga platform, locate and select the “Receive” option.
  2. A menu titled “Choose Your Preferred Method” will appear with three options:
    • Receive Stablecoin (direct stablecoin deposits).
    • Receive Fiat (convert stablecoins to local currency).
    • Payment Link (generate a link for payment requests).
    You can also Download QR Code or Copy the address for easy sharing.