Rhino.fi Launches Native Bitcoin Deposits for Seamless Stablecoin Settlement Across 30+ Chains

Rhino.fi has introduced native Bitcoin deposits for businesses, bridging the gap between BTC holders and merchants who require stablecoin settlement. By integrating native BTC into its existing cross-chain infrastructure, the platform removes the operational friction of wrapping and bridging, allowing fintechs to accept the world’s largest digital asset without managing complex Bitcoin treasuries or liquidity pools.

What was announced

The new capability allows businesses to generate a native Bitcoin deposit address for customers while receiving settlement in stablecoins or a working Bitcoin position across more than 30 supported chains. This integration targets a significant liquidity gap; while roughly 15% of the Ethereum supply is utilized in DeFi, only 0.46% of circulating Bitcoin is currently deployed in BTCFi protocols. Furthermore, over 180,000 addresses hold wrapped Bitcoin on the Ethereum network alone, highlighting a demand for cross-chain utility that has historically been hampered by the friction of manual wrapping, bridging, and custody decisions.

Rhino.fi’s infrastructure handles the conversion and routing at the backend, moving these processes behind a single client integration. Each inbound deposit undergoes the same Know Your Transaction (KYT) and Anti-Money Laundering (AML) screening applied to the platform’s other asset routes. Settlement is triggered after a single Bitcoin block confirmation. For luxury goods platform KettlePay, this enables merchants to accept BTC for high-value items like watches and cars without taking on price exposure. For ether.fi, the system provides a direct pipeline from native Bitcoin into liquidBTC, making the asset immediately borrowable within their existing deposit experience. This functionality is part of the broader Stablecoin Activation Stack, designed to consolidate hundreds of tokens and multiple networks into a single integration where routing and conversion are handled at the infrastructure layer.

"Bitcoin has been used as a payment instrument for almost two decades, yet it remains hard for merchants to accept at scale. Rhino.fi specialises in solving the hardest payments routes, and our latest release lets any company generate a Bitcoin deposit address and have it settled into any stablecoin, on any chain,"

Will Harborne, CEO and co-founder of Rhino.fi.

The companies involved

Rhino.fi is a specialist in cross-chain infrastructure and payments routing, focusing on reducing the technical barriers for enterprises interacting with decentralized finance and multiple blockchain networks. Led by Founder and CEO Will Harborne, the company provides tools like the Stablecoin Activation Stack to help businesses manage fragmented liquidity. It currently supports over 30 chains and hundreds of tokens, positioning itself as a middleware layer that handles the complexities of conversion and settlement.

KettlePay operates as a payments platform specifically tailored for luxury goods dealers. The firm addresses the needs of high-end merchants who frequently encounter customers wishing to transact in digital assets for significant purchases but who require the stability of fiat-pegged assets for their own accounting. ether.fi is a prominent player in the liquid staking and decentralized finance space. By utilizing Rhino.fi’s infrastructure, ether.fi allows its users to transition native Bitcoin into liquidBTC, a borrowable asset, without requiring the user to navigate separate bridging protocols or manual conversion steps.

What FF News has reported before

FF News previously covered the company’s efforts to streamline corporate liquidity in Rhino.fi Launches Cross-Stablecoin Clearing to Solve Enterprise Fragmentation. That report detailed the launch of clearing services designed to mitigate the issues of fragmented stablecoin balances across different blockchains. The introduction of native Bitcoin support represents an extension of this activation strategy, moving beyond stablecoin-to-stablecoin efficiency to include the industry’s primary store of value. This earlier reporting highlighted Rhino.fi’s focus on the infrastructure layer as a means to solve the "last mile" problem of crypto payments for institutional and enterprise users who cannot afford the operational risks of manual asset management.

What this means

This move signals a shift in how the industry views Bitcoin’s role in the broader DeFi ecosystem. For years, BTC has been largely siloed as a "digital gold" store of value, primarily due to the technical hurdles of moving it onto programmable chains. By abstracting the wrapping and bridging process, Rhino.fi is putting pressure on traditional crypto payment gateways that require merchants to hold the underlying asset or manage their own liquidity. The real test for the sector will be whether this infrastructure can finally unlock the vast majority of Bitcoin supply that remains idle. If successful, it forces a question for every fintech: can they afford to ignore native BTC liquidity if the integration cost is now no higher than a standard stablecoin?