Cryptocurrency
What is Stablecoin?
A stablecoin is a token pegged to a fiat currency, typically the US dollar, and backed by reserves held by an issuer. Stablecoins remove exchange-rate risk from an invoice but are the least private option: the ledger is transparent and the issuer can freeze or blacklist addresses.
Why Stablecoin matters
Stablecoins remove exchange-rate risk from an invoice but are the least private option: the ledger is transparent and the issuer can freeze or blacklist addresses.
Stablecoin in practice
When running a server, stablecoin acceptance is an accounts decision before it is a technical one. You will see invoices priced in US dollars, paid via OxaPay, which settles in a token like USDT or USDC. You would check the float you keep in those tokens, since the issuer controls the ledger and can freeze an address. The cost of ignoring that custody risk is holding a balance you cannot move when you need to.
What people get wrong about Stablecoin
People assume a stablecoin's peg makes it as safe as cash. The correction: the token mirrors the dollar only while the issuer honours redemption. A freeze, a blacklist, or a solvency event turns your float into an accounting entry. Operational funds should sit where you control the keys.
Stablecoin — common questions
Do I have to pay with stablecoins?
Payment is cryptocurrency only through OxaPay, and invoices are denominated in US dollars. Stablecoins such as USDT or USDC remove exchange-rate risk from that settlement, which is why they appear on the payment options. Fiat, cards and PayPal are not accepted.
Can the issuer freeze my stablecoin?
Yes. The ledger is transparent and the issuer holds the authority to freeze or blacklist addresses, as the glossary states. That is the least private option among cryptocurrencies. For operational money you intend to hold, consider the custody risk and your own key control.
Where Stablecoin comes up
- Can I pay for a VPS with cryptocurrency? Yes — at OnionVPS it is the only way to pay. Checkout accepts 20 cryptocurrencies across more than 15 networks, including Bitcoin, Monero, Litecoin, Ethere…
- Which cryptocurrency is best for paying for hosting? Monero for privacy — it hides sender, receiver and amount at the protocol level. USDT on TRON for cost and price stability, since the fee is cents and a do…
- Is paying with cryptocurrency anonymous? It depends entirely on the coin. Monero is private by protocol design — amounts and parties are hidden. Bitcoin, Litecoin and Ethereum are pseudonymous: ev…
- What happens if the crypto price changes while I am paying? The invoice locks an exchange rate for its 90-minute lifetime, so movement during that window does not affect you — send the quoted amount and the order co…
- Do you accept PayPal, credit cards or bank transfer? No. OnionVPS is crypto-only, deliberately. Accepting cards would require collecting a name, billing address and often identity documents for fraud control …
- Paying for hosting with crypto vs a credit card A card payment creates a permanent, identity-linked record at your bank, the card network and the merchant, and can be reversed for up to 120 days. A crypt…
More from cryptocurrency
- Monero
- Monero is a cryptocurrency that hides sender, receiver and amount at the protocol level using ring signatures, stealth addresses and RingCT.
- Ring signature
- A ring signature proves that one member of a group signed a message without revealing which one.
- Stealth address
- A stealth address is a one-time destination address generated for each payment so that transactions to the same recipient cannot be linked.
- RingCT
- RingCT conceals transaction amounts on the Monero blockchain while still allowing the network to verify that inputs equal outputs.
- TRC-20
- TRC-20 is the token standard on the TRON blockchain, most commonly used for USDT.
- Confirmation
- A confirmation is a block added to the chain after the block containing a transaction, each making reversal exponentially harder.
- Atomic swap
- An atomic swap exchanges two cryptocurrencies directly between wallets, with cryptography guaranteeing that either both sides complete or neither does.