Rhino.fi, a crypto infrastructure provider, has launched a new feature aimed at standardising how businesses handle USD-pegged stablecoins, as fintech firms seek more predictable settlement across fragmented blockchain networks.
The company said its “Stablecoin 1:1” product allows neobanks and fintech platforms to accept and settle stablecoins such as USDT and USDC at a fixed one-to-one conversion rate, with transparent fees and no hidden spreads, across more than 25 blockchain networks.
While stablecoins are designed to maintain parity with the U.S. dollar, actual transaction outcomes can vary due to conversion spreads and routing inefficiencies across different chains.
Rhino.fi said this creates uncertainty for businesses processing payments, particularly at scale.
Citing research published in the European Journal of Finance, the firm noted that major USD-pegged stablecoins carry an annualised devaluation probability of around 60 basis points under normal market conditions, rising above 200 basis points during periods of stress.
Such discrepancies can translate into tangible losses. In an illustrative scenario provided by the company, a client processing $10 million in monthly stablecoin transactions could lose about $5,000 due to a 5 basis point spread caused by conversion and routing inefficiencies.
Rhino.fi said its system continuously monitors foreign exchange rates between leading stablecoins and returns a guaranteed 1:1 quote, with clients given the option to absorb or pass on fees.
The product is designed to treat USDT and USDC as interchangeable dollar equivalents regardless of their originating blockchain.
The feature builds on Rhino.fi’s API infrastructure developed over six years, targeting use cases in payments, remittances and business-to-business invoicing.
It supports multiple networks including Ethereum, Tron, TON, Base, Polygon, Arbitrum and Solana, and includes safeguards to prevent arbitrage exploitation.
WirexPay has joined the rollout as an early design partner, the company said.
Chief Executive Will Harborne said the initiative aims to address inconsistencies in stablecoin usage.
“Stablecoins are meant to be dollars on the internet, but businesses still experience them like fragmented liquidity and unpredictable outcomes,” he said.
The launch comes as regulators globally tighten oversight of stablecoins and digital asset payments, with frameworks such as Europe’s Markets in Crypto-Assets (MiCA) regulation pushing for greater transparency and stability in the sector.
Rhino.fi’s move reflects a broader shift in the stablecoin market from speculative trading tools toward core payment infrastructure.
As fintechs increasingly use stablecoins for cross-border payments and treasury operations, predictability, rather than just speed, has become critical.
By offering fixed 1:1 conversion, Rhino.fi is commoditising stablecoin routing, similar to how FX infrastructure evolved in traditional finance.