Send Stablecoins

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.

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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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

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Initiate Stablecoin Transfer

• You have two options:
  1. Use Shiga Wallet: Send stablecoins directly from your Shiga wallet to receive NGN (Nigerian Naira)
  2. Use External Wallet: Create a payment order that allows any wallet to send stablecoins to receive NGN
• Select your preferred method and click “Proceed” to continue

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Sending to Fiat Account (GBP/EUR)

This guide walks you through the process of sending stablecoins from your Shiga wallet to a fiat bank account (GBP/EUR) using the screenshots provided.

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Transaction Setup (Shiga Wallet)

• Shiga Wallet Details:

  • Asset: USDC (USD Coin)
  • Target Wallet Network: Base

• Transaction Details:

  • Amount: $1
  • Current Returns: show conversion rate
  • Rate Total: conversion rate shown

• Bank Details:

  • Bank Name: Access Bank
  • Account Number.
  • Account Name.

• Review all details and click “Proceed”

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Step 3: Confirm Transaction Details

• Transaction Source:

  • Asset: USDC
  • Chain: Base (network)
  • Amount: 1 BASE (amount to send)

• Bank Details (note slight discrepancies from previous screen):

  • Bank Name.
  • Account Number.
  • Account Name.

• Click “Initiate Transaction” to proceed

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Two-Factor Authentication

• For security, enter the 6-digit code from your authenticator app
• The code is being requested for the account: olivera@gmail.com
• Options:

  • “Close” to cancel

  • “Authorize Send” to complete the transaction after entering the code.

    Transaction complete and account gets credited.

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Sending to Fiat Account (Naira)

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Wallet Selection

For NGN conversions, you’ll choose between:

• Use Shiga Wallet: Send from your existing Shiga wallet balance.
• Use External Wallet: Create a payment order to send from any wallet.

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Transaction Details

• Assets: Select stablecoin (USDC or USDT)
• Smartchain Network: Choose supported network (Polygon, Arbitrum, or Base).
• Amount: Enter amount in USD, shows equivalent NGN rate.

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Bank Details

• Bank Name: Select or enter recipient’s bank (e.g., Access Bank)
• Account Number: Enter recipient’s account number.
• Account Name: Automatically displays when valid.

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Transaction Processing

After initiating:

• Shows expiration timer.
• Displays conversion amount.
• Shows recipient bank details
• Transaction status updates as “Sending in progress”

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Use External Wallet

This guide explains how to convert stablecoins to Naira (NGN) using an external wallet (not your Shiga wallet) by following the steps shown in the screenshots.

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Select “Use External Wallet” Option

• Choose “Use External Wallet” (not “Use Shiga Wallet”).

• This option allows you to generate a payment order so that any external wallet (e.g., MetaMask, Trust Wallet) can send stablecoins, which will be converted to NGN and deposited into your bank account.

• Click “Proceed” to continue.

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  Enter Transaction & Bank Details

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Transaction Details

• Asset: USDT (Tether)
• Network:
  • Smartchain Network.
  • Polygon .
• Amount: $1

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Rate & Total

• Conversion Rate: $1 = ₦600.66
• Total NGN: ₦600.66
• Description: “test”

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Bank Details

• Bank Name.
• Account Number.
• Account Name.

✅ Verify all details, then click “Proceed”.

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Confirm Transaction Details

• Send From: External wallet (USDT).
• Asset: USDT.
• Chain.
• Amount: 1 USDT.

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Bank Details

• Bank Name.

• Account Number.

• Account Name.

  Double-check the bank details! If correct, click “Initiate Transaction”.

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Authorize with 2FA (Two-Factor Authentication)

• A 6-digit code from your authenticator app (Google Authenticator, Authy, etc.) is required.
• The code is linked to: olivera@gmail.com.
• Options:

  • Close → Cancel the transaction.

  • Authorize Send → Complete the transfer after entering the code.

    Security Note: Never share this code with anyone!

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Transaction Processing

After initiating:

• Shows expiration timer (Please complete your payment before the timer expires).

• Shows Bar code you can scan.

• Transaction status updates as “Sending in progress”.

  Always confirm bank details before sending—discrepancies in account names can cause failed transactions.
  Done! Once authorized, the stablecoins will be converted to NGN and deposited into your Access Bank account.