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Overview

Crypto payouts move stablecoins from one chain to another — funding a payout with stablecoin and delivering stablecoin to a recipient, including cross-chain (e.g. USDC on Arbitrum → USDC on Polygon) via a managed smart wallet and a cross-chain bridge. This is useful for cross-chain settlement and moving funds between networks.
Crypto payouts (stablecoin-to-stablecoin) are a dashboard feature, not part of the partner API. Partner API keys (sk_live_… / sk_test_…) are scoped to fiat-funded payouts — a Payout or a Stablecoin payout via /rfq/execute. The crypto-payout, bridge, and conversion endpoints reject partner keys.

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When you’d use this

  • Settling between chains in stablecoin without touching fiat.
  • Paying a recipient in their preferred stablecoin / network from a stablecoin balance you hold.

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How to run one

Crypto payouts run from the Teel dashboard:
  1. Choose the source token and chain (the stablecoin you’re funding from) and the destination token and chain.
  2. Enter the amount and the recipient’s wallet address on the destination chain.
  3. Review the quote — fees, estimated delivered amount, and expiry — then confirm.
  4. Track the payout in the dashboard as it bridges and settles to the recipient wallet.
The dashboard signs the transaction from your managed smart wallet and submits it to the cross-chain bridge; gas is sponsored, so you don’t need native tokens in the wallet.
Requires smart-wallet and bridge configuration. If you haven’t completed bridge setup, contact your account manager. For programmatic stablecoin-to-stablecoin access, contact support@teel.finance.

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Paying a recipient in stablecoin, funded with fiat

If you want to pay a recipient in stablecoin but fund the payout with fiat, that’s a Stablecoin payout — fully supported on the partner API. See Stablecoin payout.