Cardtonic Adds USD Settlement and Auto-Created USD Wallets

In Short

Cardtonic says it is rolling out a global sign-up offering that automatically creates USD wallets for users.

The company also says it will pay out in USD for eligible gift card trades.

What Happened

Cardtonic said it is introducing USD settlement, meaning some user balances and payouts can be handled in US dollars rather than a local currency.

As part of the update, Cardtonic said users who sign up globally will get a USD wallet created automatically.

The release also describes stablecoin funding and withdrawals. Stablecoins are cryptocurrencies designed to track the value of a currency like the US dollar.

Cardtonic also described virtual dollar cards, currency conversion, and peer-to-peer transfers, which are direct transfers between users.

Why It Matters

USD wallets and USD settlement can help users who prefer to hold value in dollars instead of converting back and forth between currencies.

For Cardtonic’s gift card trading users, USD payouts for eligible trades could change how users store proceeds and move money, especially when combined with features like currency conversion and peer-to-peer transfers.

Stablecoin funding and withdrawals can add another way for users to move value into and out of the app, using crypto rails rather than only traditional bank or card methods.