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InstaPay Payout (PHP → USDT)

This section provides a reference for integrating Tylt CrossRamp’s off-ramp flow in the Philippines using InstaPay / PESONet rails.

Through this integration, merchants can initiate transfers of stablecoins (USDT) to end users, who can subsequently convert the received crypto-assets into fiat (PHP) via local payment rails.

Tylt does not process or hold fiat funds. All fiat transactions are executed via regulated payment partners.

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Conversion & Settlement Model

  1. Each transaction is processed using a real-time conversion quote.

  2. At the time of initiation, a USDT → PHP quote is generated. The merchant initiates a transfer of stablecoins to the end user, who reviews and accepts the quote and proceeds with the off-ramp flow based on the provided transaction details.

  3. Upon completion of the off-ramp flow, the corresponding crypto-asset conversion is executed, and the resulting fiat amount is made available to the end user via InstaPay or PESONet through a regulated payment partner.

  4. Processing is continuous and not batch-dependent. All transactions are reconciled through a daily settlement cycle to ensure balance consistency.

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Settlement Overview

Attribute
Description

Quote Model

Real-time FX quote per transaction (USDT → PHP)

Debit Timing

USDC debited upon execution of the off-ramp flow

Settlement Currency

USDT (merchant side)

Fiat Currency

PHP

Payment Method

InstaPay / PESONet (Philippines local rails)

Source

Merchant Tylt Wallet

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What You’ll Find in the API Reference

1. Off-Ramp Flow (USDT → PHP) Guidance for initiating off-ramp flows, including transferring stablecoins to end users and enabling fiat conversion via local rails.

2. Endpoint Descriptions Detailed specifications for all API endpoints, including parameters, authentication requirements, webhook structure, and lifecycle states.

3. Request & Response Formats Structured JSON examples covering off-ramp creation, status tracking, webhook payloads, and error handling.

4. Code Examples Reference implementations in Node.js, Python, and other common stacks.

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Summary

This API enables merchants to initiate off-ramp flows, allowing end users to convert stablecoins into fiat via local bank transfer mechanisms, with all crypto-asset conversion and settlement managed within Tylt’s infrastructure.

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