More donors are using crypto – but that doesn’t mean they want to part with volatile coins like Bitcoin. Stablecoin donations offer a steady alternative, and with Donorbox, they’re easy to enable. Here’s how.
Join the fundraising movement! Join the fundraising movement!Stablecoins are officially on the menu at Donorbox!
If you’re using the Donorbox OmniGive™ Donation Form and have a Stripe account connected, you can now accept donations in popular stablecoins like USDC, USDP, and USDG.
These digital currencies are pegged to the value of the U.S. dollar, which means your donors can give in crypto, but without all the volatility.
In this guide, we’ll explain what stablecoins are, why this donation option matters for your nonprofit, and how it all works with Donorbox.
Stablecoins are a type of cryptocurrency designed to hold a stable value – usually pegged 1:1 to a fiat currency like the U.S. dollar.
Unlike other crypto assets (Bitcoin, Ethereum – for example), stablecoins don’t bounce up and down in price every few minutes.
They’re designed to act more like digital cash: fast, borderless, and global – just sans the volatility widely associated with cryptocurrencies.
The most popular stablecoins include:
Donors use these coins just like regular crypto. They send funds from their wallet, and the donation is processed through blockchain rails, but the amount stays fixed.
More and more donors are holding crypto, but not all of them want to give away assets that could double in value next week. That’s where stablecoins come in.
Here’s why they’re worth having on your online donation form:
One of the biggest reasons crypto holders hesitate to donate is FOMO on future gains. If someone believes the price of their Bitcoin or Ethereum is about to shoot up, they’re probably not going to part with it today – even if they want to support your cause.
Stablecoins solve this problem. Because they’re pegged to a fiat currency, they don’t swing in value. So, donors can still give using their crypto wallets, but without the stress of giving up an asset that might double next month.
Stablecoins offer the same benefits as other cryptocurrencies when it comes to speed and reach. Transactions are near-instant and borderless – making them especially useful for international donors.
Stablecoin donations have become one of the most common ways people give digitally. In fact, in 2023, USDC alone accounted for 44% of all crypto donations.
During market downturns, stablecoins often become the go-to choice for crypto donors who want to give but don’t want to offload assets like ETH or BTC while prices are low.
Like we said already, offering stablecoin donations through Donorbox is easy if you’re using the OmniGive donation form with a connected Stripe account – all it takes is a quick toggle in your Stripe dashboard.
There’s no need to fuss over wallets, conversations, or technical integrations.
See how this organization offers crypto stablecoin donations on their Donorbox OmniGive donation form:
Collect Stablecoin Donations With Donorbox
Before we move on to how to enable stablecoin donations, let’s clear something up:
Donorbox already supports crypto and stock donations through our Giving Block integration. That setup is perfect if you want to accept a wide range of cryptocurrencies (like Bitcoin, ETH, Dogecoin) or stock gifts – but it’s only available for Pro and Premium plans.
Stablecoin donations, on the other hand, are powered by Stripe. They’re available to any nonprofit using our OmniGive donation form with a connected Stripe account – no Giving Block setup required.
To make things extra clear, here’s a side-by-side example showing how each donation option appears on your OmniGive donation form – one using The Giving Block integration and one using Stripe’s stablecoin payment option:
Pro tip: Enable both on your form to maximize giving options!
If you’ve already connected Stripe as your payment processor on Donorbox, this setup is simple.
Stripe not connected yet? Go to your Donorbox dashboard > Account Settings > Payment Methods > Connect Stripe.
Then:
That’s it! Donors will now see the crypto payment option in the Payment step of your form!
Note: Only U.S.-based Stripe accounts can accept stablecoin payments at the moment.
Here’s what the donation experience looks like for someone choosing to donate with stablecoins:
1. They choose the “Crypto” option on your donation form.
2. They’re securely redirected to crypto.stripe.com, where they:
3. Donors get a confirmation screen and are optionally redirected back to your thank-you page.
4. The donation appears in your Stripe balance in USD.
Here are a few helpful things to keep in mind if you decide to offer stablecoin donations:
If you’re already using Stripe with the Donorbox OmniGive donation form, you’re just a few clicks away from accepting stablecoin donations.
Not using Donorbox yet? Sign up for free today to accept stablecoins and enjoy a range of innovative fundraising tools for future-ready nonprofit organizations like yours!
And if you’re looking for more tips on online fundraising, crypto donations (and more), check out the rest of the Nonprofit Blog.
Fern is a journalist-turned-editor with 8 years of writing experience, now using that skill set to help nonprofits share their stories and connect with donors. Along with her editorial work, Fern volunteers with animal welfare organizations and has spent years fostering and rehabilitating rescue parrots.
Join the fundraising movement! Join the fundraising movement!
