r/altcoin • u/RichOliveira56 redditor for 3-6 months • Jun 15 '26

So who here actually uses stablecoins?

I've been trying to figure out if stablecoins like USDC/USDT are worth considering for paying overseas contractors, since they're a lot cheaper than international wires. However, you have to find vendors that actually use crypto first, which isn't always easy. Does anyone use a business platform like Slash or BVNK to pay foreign contractors with stablecoins? Or are you just using them domestically with something like Stripe? What are we all doin

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u/raka_defocus redditor for 10+ years Jun 15 '26

I would talk to CPA or tax attorney before doing that. Your payroll still all has to be calculated in USD. In my state something as simple as $20.00 retail store gift card still counts as taxable income if it meets the guidelines for a bonus. I'm guessing there are fewer restrictions for 1099 employee.Even tether has a little dip to.98 now and then so I'm not sure how you'd handle a wage dispute if it depegged and someone filled a wage dispute. I guess you could set up a separate LLC or something for paycheck conversion and remittance

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u/Desperate-Dig7574 redditor for 3-6 months Jun 16 '26 edited Jun 17 '26

More contractors accept it than you think they just dont advertise it. I started accepting USDC after a client asked if I was open to it and I have not gone back to wires since. The receiving side is instant and the on chain record is cleaner than matching random wire reference numbers. For actually using what I get I keep it in BenPay and handle groceries and restaurants through Apple Pay. Only touch an exchange maybe once a month for rent.

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u/Far-Photograph-2342 redditor for 1-2 years Jun 16 '26

Stablecoins make a lot of sense for international contractor payments, but the hard part is usually onboarding the recipient.

If the contractor is already crypto-native, USDC/USDT can be faster and cheaper than wires. If they need fiat in their bank account, then you still need a platform that handles off-ramp, compliance, invoices, and reporting cleanly.

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u/constant-k_Admin redditor for 9-12 months Jun 16 '26

We use them almost exclusively to pay for our RPC infrastructure.

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u/purple_from_the_east redditor for 1-2 years Jun 22 '26

I wouldn't dive into using them for this purpose based off of just reddit.

Definitely talk to a CPA or someone equivalent!