The “Send Stablecoin” feature allows users to transfer stablecoins (cryptocurrencies pegged to stable assets like the US dollar) to other wallet addresses. Stablecoins, such as USDT, provide price stability compared to volatile cryptocurrencies, making them ideal for payments, remittances, and decentralized finance (DeFi) transactions.

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Why This Feature is Necessary

  1. Cross-Border Payments – Enables fast, low-cost international transfers without traditional banking delays.
  2. DeFi & Smartchain Compatibility – Many blockchains (like Polygon, Arbitrum, Optimism) support stablecoins for trading.
  3. Security & Transparency – Blockchain transactions are irreversible and verifiable, reducing fraud risks.
  4. User Convenience – Simplifies crypto payments for everyday use, such as merchant payments or peer-to-peer transfers.

By integrating “Send Stablecoin”, platforms like Shiga provide a seamless way for users to move funds securely across different networks while avoiding volatility risks.

  1. Access the Stablecoin Send Feature
    1. Navigate to the “Send Stablecoin” section in your Shiga dashboard.
    2. The interface will display the sending form as shown in the screenshot.

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From your Shiga dashboard:

  1. Click “Send” to open the transfer interface.

  2. You will see two primary options:

    • To Wallet Address – Send stablecoins to any external crypto wallet.
    • To Fiat Account – Convert stablecoins to local currency (GBP/EUR or NGN) and send to a bank account.

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To Wallet Address

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Select Asset

  • Under “Assets”, click “Select here” to choose which stablecoin you want to send (e.g., USDT).

  • Ensure you have sufficient balance for the transaction (shown as “Balance: $0.00” in the example).

  • In the “Amount” field, enter the value you wish to send (e.g., “$100”).

  • Verify your available balance matches or exceeds the amount.

  • Input Recipient Details

    • Under “Send to address”, paste or type the recipient’s full wallet address.
    • If the recipient is saved in your beneficiaries, select them from the “Select Beneficiary” dropdown.
    • This auto-fills their wallet address for convenience.
    • Add a “Description” to note the purpose of the transaction.
    • Under “Smartchain Network”, choose the appropriate blockchain for the transfer:

  • Ensure the selected network matches the recipient’s wallet compatibility.

    Click “Proceed” to initiate the transaction.

Review the details and click Proceed to complete the transaction.

Initiate transaction

  • Inputing six digit OTP sent to your email

  • If 2FA is set, input six digit code on your Authenticator App

Transaction succeful, Click close

Always double-check the wallet address before sending or receiving crypto. One wrong character, and your funds could be lost forever!

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From your Shiga dashboard:

  1. Click “Send” to open the transfer interface.
  2. You will see two primary options:

    • To Wallet Address – Send stablecoins to any external crypto wallet.

    • To Fiat Account – Convert stablecoins to local currency (GBP/EUR or NGN) and send to a bank account.