Rhino.fi adds 8 new stablecoins to power multi-asset acceptance
There are 382 USD-pegged stablecoins in circulation, with a combined market cap of $314.68bn. Two of them, USDT and USDC, hold roughly 83% of it. For years that concentration let businesses keep things simple: tell every counterparty to send USDT or USDC, and be done.
Which stablecoins businesses support is increasingly shaped by demands. Businesses are now being paid in a wider mix of assets. In Europe, MiCA is helping create a deeper market for compliant euro stablecoins and making euro-denominated settlement more viable for businesses. At the same time, issuers, exchanges and networks are launching new assets and competing for distribution through yield and revenue-sharing incentives. Meanwhile, only a few want to hold and manage all of them.
Today we are removing that trade-off.
What's new
Smart Deposit Addresses (SDA) now accept 8 new EUR and USD stablecoins, alongside native ETH and with further assets activated on request. You choose the single asset you settle in and Rhino.fi handles the conversion, routing, FX and compliance on all deposits.
Guaranteed rates for FX across currencies thanks to our feature extension, and 1:1 settlement within the same currency through Rhino.fi’s product extension.
And if you are already live on SDAs, there is nothing to build. Your deposit addresses already accept the new assets.
We have run this playbook before
When new chains were launching every month, Rhino.fi made a strategic bet to be first to support them. That made us the default infrastructure for teams that needed access before alternatives existed. Once their flows ran through us, they stayed. That is how we grew to 30+ chains, 2M+ users and $15B+ processed.
Stablecoins are now at the same inflection point chains were then. The proliferation of new assets, issuer-specific, jurisdiction-specific, yield-bearing, mirrors the multi-chain moment almost exactly. So we are running the same play, deliberately and publicly: Rhino.fi intends to be the cross-stablecoin infrastructure provider, the place you come when the asset your counterparty sends is not the asset you want to settle in.
This time the wave is bigger, because a chain preference is technical and resolves itself over time, while asset choice is commercially motivated at both ends of a flow. A yield share agreement does not resolve itself.
What happens under the hood
When a deposit arrives at an SDA, our system:
Detects the incoming asset, on any of 30+ supported chains including Ethereum, Solana, Tron and Base
Runs KYT screening as part of the flow, not as a separate step
Routes it to your settlement chain
Credits your balance in the one asset you chose
Lands ready to use as credited balance, staked, or ready to earn yield
With our 1:1 Extension enabled :Converts it: 1:1 within a currency, market FX across currencies
From your side a user funds their account with PYUSD on Solana while your product runs on USDC on Base. Their balance updates in USDC. No refund path, no manual swap, no second treasury step. Or a European card programme collects a USD asset from an American counterparty and settles in EURC. The FX happened inside the deposit transaction.
Why this matters
Cross-chain was the first wave. Cross-stablecoin is the next one.
Every new asset that launches, whether it is an exchange dollar, a network-aligned token or a euro asset from a newly authorised issuer, makes the receiving business's problem harder. That makes this launch more valuable with every new asset that enters the market.
“What we’re seeing is almost this cultural split. Different countries prefer different stablecoins, different ecosystems provide different stablecoins. You’ve got a meme coin trading group that’s grown up around Robinhood that likes USDG. You’ve got European yield farmers that are using EURC stablecoins. You’ve got professional enterprises that are now using EURCV, issued by Société Générale. Each of these is kind of separated. Whereas if you can stitch them all together, all of these different groups that are each growing in stablecoin adoption just interoperate seamlessly and you get much faster growth overall,” said our CEO, Will Harborne.
Rhino.fi is the stablecoin rail behind the next generation of onchain payments, treasury flows and global fintech apps.
If you need multi-asset support, including the long tail, Rhino.fi is the place to come.
Get started
Building card platforms, neobanks, payment flows or spend tooling that needs to accept stablecoins from multiple chains? Talk to our team about how Rhino.fi handles acceptance, conversion, FX and compliance so you can focus on your core product.
There are 382 USD-pegged stablecoins in circulation, with a combined market cap of $314.68bn. Two of them, USDT and USDC, hold roughly 83% of it. For years that concentration let businesses keep things simple: tell every counterparty to send USDT or USDC, and be done.
Which stablecoins businesses support is increasingly shaped by demands. Businesses are now being paid in a wider mix of assets. In Europe, MiCA is helping create a deeper market for compliant euro stablecoins and making euro-denominated settlement more viable for businesses. At the same time, issuers, exchanges and networks are launching new assets and competing for distribution through yield and revenue-sharing incentives. Meanwhile, only a few want to hold and manage all of them.
Today we are removing that trade-off.
What's new
Smart Deposit Addresses (SDA) now accept 8 new EUR and USD stablecoins, alongside native ETH and with further assets activated on request. You choose the single asset you settle in and Rhino.fi handles the conversion, routing, FX and compliance on all deposits.
Guaranteed rates for FX across currencies thanks to our feature extension, and 1:1 settlement within the same currency through Rhino.fi’s product extension.
And if you are already live on SDAs, there is nothing to build. Your deposit addresses already accept the new assets.
We have run this playbook before
When new chains were launching every month, Rhino.fi made a strategic bet to be first to support them. That made us the default infrastructure for teams that needed access before alternatives existed. Once their flows ran through us, they stayed. That is how we grew to 30+ chains, 2M+ users and $15B+ processed.
Stablecoins are now at the same inflection point chains were then. The proliferation of new assets, issuer-specific, jurisdiction-specific, yield-bearing, mirrors the multi-chain moment almost exactly. So we are running the same play, deliberately and publicly: Rhino.fi intends to be the cross-stablecoin infrastructure provider, the place you come when the asset your counterparty sends is not the asset you want to settle in.
This time the wave is bigger, because a chain preference is technical and resolves itself over time, while asset choice is commercially motivated at both ends of a flow. A yield share agreement does not resolve itself.
What happens under the hood
When a deposit arrives at an SDA, our system:
Detects the incoming asset, on any of 30+ supported chains including Ethereum, Solana, Tron and Base
Runs KYT screening as part of the flow, not as a separate step
Routes it to your settlement chain
Credits your balance in the one asset you chose
Lands ready to use as credited balance, staked, or ready to earn yield
With our 1:1 Extension enabled :Converts it: 1:1 within a currency, market FX across currencies
From your side a user funds their account with PYUSD on Solana while your product runs on USDC on Base. Their balance updates in USDC. No refund path, no manual swap, no second treasury step. Or a European card programme collects a USD asset from an American counterparty and settles in EURC. The FX happened inside the deposit transaction.
Why this matters
Cross-chain was the first wave. Cross-stablecoin is the next one.
Every new asset that launches, whether it is an exchange dollar, a network-aligned token or a euro asset from a newly authorised issuer, makes the receiving business's problem harder. That makes this launch more valuable with every new asset that enters the market.
“What we’re seeing is almost this cultural split. Different countries prefer different stablecoins, different ecosystems provide different stablecoins. You’ve got a meme coin trading group that’s grown up around Robinhood that likes USDG. You’ve got European yield farmers that are using EURC stablecoins. You’ve got professional enterprises that are now using EURCV, issued by Société Générale. Each of these is kind of separated. Whereas if you can stitch them all together, all of these different groups that are each growing in stablecoin adoption just interoperate seamlessly and you get much faster growth overall,” said our CEO, Will Harborne.
Rhino.fi is the stablecoin rail behind the next generation of onchain payments, treasury flows and global fintech apps.
If you need multi-asset support, including the long tail, Rhino.fi is the place to come.
Get started
Building card platforms, neobanks, payment flows or spend tooling that needs to accept stablecoins from multiple chains? Talk to our team about how Rhino.fi handles acceptance, conversion, FX and compliance so you can focus on your core product.