# What Is Rhino.fi and How It Works at Picnic > Rhino.fi moves stablecoins across networks with smart deposit addresses. See who it is and how it helps digital dollars from other networks reach your card. Source: https://usepicnic.com/en/blog/what-is-rhino-fi-and-how-it-works-at-picnic ยท Published 2026-11-12 **Rhino.fi is the partner that brings digital dollars from other networks to your Picnic card balance.** When you send USDC or USDT that sits on, say, Arbitrum or Polygon to your dollar card, Rhino.fi can handle that crossing. The destination is USDC.e on the card's network, and the quote in the app shows how much you should receive, with route costs already included. Stablecoins like USDC and USDT exist on many networks at the same time. That is great for flexibility, but it creates a practical problem: the money is on one network, and the place where you want to use it is on another. Rhino.fi solves exactly that. ## What is Rhino.fi? [Rhino.fi](https://rhino.fi) is a stablecoin payments infrastructure company for businesses. It offers a single API to accept, settle and move stablecoins across networks. According to its own website, that API covers more than 30 networks and the main stablecoins, and the company has already settled US$15 billion in stablecoin volume. Two Rhino.fi products matter for Picnic: - **Bridge and Convert:** moves stablecoins from one network to another and converts between stablecoins and tokens, using Rhino.fi's own liquidity. - **Smart Deposit Addresses:** deposit addresses created for each user, which accept funds coming from several networks and tokens. ## How does Rhino.fi work at Picnic? Rhino.fi's main role at Picnic is depositing digital dollars to the card: 1. **You send USDC or USDT from another network.** Accepted are USDC or USDT on Ethereum, Optimism, Polygon and Arbitrum, and USDC on Base. 2. **Rhino.fi carries the value to the card's network.** The digital dollars arrive in the card balance, which is held on [Gnosis Chain](https://usepicnic.com/en/blog/what-is-gnosis-chain-and-why-picnic-uses-it). 3. **Check the quoted arrival amount.** The ratio is one to one only when the app indicates it for that quote. USDT deposits involve conversion to USDC.e, and the costs are already included in the amount shown, which may be less than you sent. This route is being rolled out gradually. When it is not available for your account, or for the token and network combination you chose, the deposit goes through another partner, [Relay](https://usepicnic.com/en/blog/what-is-relay-and-how-it-moves-crypto-across-networks-at-picnic). For you, the experience is the same: a deposit address and the estimated amount on the screen. Rhino.fi also takes part in the quote competition for cross-chain swaps. Like the other providers, it only wins when it offers the best result. ## When is the deposit one to one? On the USDC to USDC.e route with fees sponsored by Rhino.fi, the app may indicate a one-to-one deposit: the amount received equals the amount sent. This depends on the quote, not just on both tokens representing dollars. It is not a guarantee for every deposit through Rhino.fi. USDT to USDC.e involves a swap between different assets. Even though both are dollar stablecoins, pricing and conversion costs can reduce the amount received. Always compare the amount you will send with the arrival amount shown in the app before transferring. If you are deciding between USDT and USDC, we explain the differences in [USDT or USDC: which digital dollar to buy](https://usepicnic.com/br/blog/usdt-ou-usdc-qual-dolar-digital-comprar-no-brasil-em-2026) (in Portuguese). ## The part that is still up to you The deposit address accepts specific tokens and networks. Before sending, check in the app which combinations are accepted and whether the network selected in your source wallet is the same one shown on the screen. Sending on the wrong network is one of the most expensive mistakes in crypto, as we show in [sending crypto on the wrong network](https://usepicnic.com/br/blog/errar-a-rede-ao-enviar-cripto) (in Portuguese). ## Why does this matter to you? Many people who come to Picnic already have digital dollars in another wallet, on another network. Without a partner like Rhino.fi, putting that money on the card would take several steps and some technical knowledge. With it, you just send to the address the app shows. ## Thank you, Rhino.fi Rhino.fi specialized in a part of the crypto world that looks simple and isn't: moving digital dollars between networks. Thank you to the Rhino.fi team for the partnership and for working closely with us to make this route fast and reliable for everyone who uses Picnic. _Picnic is a technology platform that lets users independently interact with USDC, a U.S. dollar-pegged stablecoin issued by Circle, on public blockchains. USDC is not legal tender in Brazil._ _Displayed exchange rates vary with market conditions. The final applicable amount is the one shown on the transaction confirmation screen. Cryptoassets involve risks, including volatility and loss of peg._ _Picnic does not custody user assets and is neither a financial institution nor a virtual asset service provider. Sending and receiving U.S. dollar payments through a U.S. account is offered in partnership with Noah Savings Inc. Terms and conditions apply._ _Information verified in April 2026._