A business can now accept bitcoin ($BTC) from customers and receive the equivalent in a stablecoin, a digital currency pegged to a fixed reference such as the US dollar rather than moving with the market, without holding the volatile asset on its own books. Rhino.fi, headquartered in Tortola, British Virgin Islands, launched the product on September 17, 2026.
The split between what arrives and what settles is the point of the product. A customer sends bitcoin. The company on the receiving end gets stablecoin. Those are two different assets, and the conversion takes place inside the platform.
Here is what that means in practice. Bitcoin's price moves constantly and sometimes sharply. A payment received in the morning can be worth a different amount by the afternoon. For a business trying to match invoices to revenue, that makes bitcoin a difficult asset to hold directly. Stablecoins are designed to stay level. Their value is tied to a reference rate, so a dollar-pegged stablecoin that arrives today should still be worth a dollar tomorrow. That makes bookkeeping tractable in a way that holding raw bitcoin is not.
Rhino.fi calls the feature native bitcoin deposits. In crypto, native refers to the asset moving on its original blockchain rather than as a wrapped or synthetic version. A wrapped token is a stand-in for bitcoin that travels on a different network and requires an extra layer and an additional party to manage. Native deposits skip that intermediary.
The company positions the product as a way for businesses to meet customers who pay in bitcoin without absorbing the price risk that comes with holding the asset directly on a balance sheet.