Abillio Introduces Crypto Stablecoin Payments for Freelancers

Abillio Introduces Crypto Stablecoin Payments for Freelancers

Freelancers value real-time, cross-border payments. While SEPA (Single European Payments Area) transfers are almost instant and affordable, international SWIFT transfers are expensive (typically around $18) and can take up to 7 business days to process. That’s why we’re excited to announce that Abillio now offers cryptocurrency payment options for freelancer payouts, specifically USDT and USDC on the TRON (TRC20) network. These payments will be handled through our partnership with Coinspaid.

What Are Stablecoins?

USDT (Tether) and USDC (USD Coin) are stablecoins—cryptocurrencies designed to maintain a stable value pegged to the US dollar (1 USD = 1 USDT/USDC). However, they differ in key aspects such as their issuers, transparency, regulatory oversight, adoption, and the blockchains they operate on. USDT is issued by Tether Limited, while USDC is managed by Centre Consortium.

How Fast Are Stablecoin Payments?

The speed of USDT payments depends on the blockchain being used and factors like network congestion and the recipient’s wallet address. For transfers via the TRC20 network, transactions are generally completed within 1 to 10 minutes, making them much faster than traditional banking methods.

What Is the Transfer Fee for USDT?

Abillio uses a third-party service to facilitate crypto payments, with a fee of 1% of the amount transferred to your wallet.

TRC20 vs. ERC20: Which Network Should I Use?

TRC20 and ERC20 are two different networks that support cryptocurrency transactions. Abillio currently supports only the TRC20 (TRON) network due to its lower transaction fees and faster transfer speeds compared to the ERC20 (Ethereum) network.

How Do I Know If My Wallet Address Is TRC20 or ERC20?

Here’s how to differentiate between the two networks:

• ERC20 address: Starts with “0x.”

• TRC20 address: Begins with “T” and consists of a combination of letters and numbers, such as: TPAgKfYzRdK83Qocc4gXvEVu4jPKfeuer5

How Can I Add My USDT Wallet Address to My Abillio Account?

This feature is currently in beta testing. To add your USDT wallet address, simply contact our support team via the chat bubble in the lower right corner of our website. Our team will manually add the address to your payout methods.

Is My Cryptocurrency Wallet Secure?

Most software wallets are classified as “hot wallets,” meaning they are connected to the internet. Access to your cryptocurrency is controlled by private keys, so it’s critical to keep these keys secure. Anyone with access to your private keys can control your funds. Always safeguard your private keys and only share your wallet address, never the keys themselves.

I Don’t Have a USDT Wallet—Where Can I Get One?

If you don’t already have a USDT wallet, you can create one on platforms such as Coinbase, Binance, or Bybit, depending on availability in your country. These platforms also allow you to convert USDT into local currency and withdraw funds to your bank account.

Availability Note:
• Binance operates in over 100 countries but is restricted in regions like the U.S., U.K., Japan, and Ontario due to regulatory challenges.
• Bybit is unavailable in certain jurisdictions, including the U.S., mainland China, Hong Kong, Singapore, Canada, France, the U.K., and some Russian-controlled regions of Ukraine (e.g., Crimea, Donetsk, and Luhansk).
• Coinbase is widely available in the U.S., Canada, Australia, the U.K., EU countries, and many others.