Sending stablecoins with GrabrFi is fast and secure, taking just a few minutes. Follow the detailed steps below.
Prerequisites
To send stablecoins, you must:
Have a GrabrFi account (created and verified).
Have sufficient USD funds in your GrabrFi account.
Step-by-Step Guide to Sending Stablecoins
1. Get Started
On your GrabrFi account, navigate to the "Transfers" section.
Click on "Send a stablecoins transfer".
We have partnered with Bridge, a licensed company owned by Stripe, to securely process your stablecoin transfers.
2. Complete Stablecoin Verification (One-time Step)
Before making your first stablecoin transfer, you must complete a brief compliance step required by US regulations:
Answer a brief questionnaire: You will be asked some questions about your financial profile and how you intend to use stablecoins.
Most customers are approved within minutes. In some cases, our partner Bridge might ask you to provide additional documents.
Once approved for this feature, you can proceed with your transfer.
3. Start a New Transfer
Click on "Start a new transfer".
Select the type of USD stablecoin you would like to send. We currently support USDC, USDT, and PYUSD.
4. Select the Blockchain Network
Select the blockchain (network) of the wallet you'd like to send to.
We support Solana, Base, and Ethereum for stablecoin transfers.
You will see the associated transfer fees for each blockchain displayed upfront.
5. Add the Recipient's Crypto Wallet Details
Carefully copy and paste the recipient's wallet address for the blockchain you selected.
Crucial Note: Double-check the address before proceeding. Transfers sent to the wrong wallet cannot be reversed.
6. Enter the Transfer Amount
Enter the amount in USD stablecoins you wish to send.
The stablecoins will be converted from the dollars in your checking account at a 1:1 exchange rate.
You will see the total fees upfront before you confirm the transfer.
7. Review and Confirm
Review all your transfer details (stablecoin, network, amount, and recipient address).
Optional: You can choose to save this recipient to speed up future transfers.
8. Create Your Transfer
Click "Create transfer" to finalize the request.
Transfer Processing Time
Your transfer request is usually processed on the same or next business day, depending on banking hours and network conditions. Once processed, you or your recipient will receive the stablecoins.