CoinGate alternatives for accepting USDT and stablecoins

A practical guide to CoinGate alternatives for merchants who still need to accept stablecoins or crypto - and settle in fiat - after the USDT phase-out.

CoinGate phased out USDT for its European merchants after MiCA came into force, because Tether did not obtain the e-money-token authorization the regulation requires. Merchants whose customers pay in USDT now face a direct problem: their gateway no longer supports the stablecoin their customers actually use.

If you are one of those merchants, you need a CoinGate alternative that accepts stablecoins or crypto, continues to support USDT, and still settles to your bank account in fiat. The options below cover the main candidates, with EukaPay first because a streamlined path from onboarding to settlement is the standard the rest should be measured against.

MiCA, the EU's Markets in Crypto-Assets regulation, requires stablecoin issuers to hold an e-money-token authorization to circulate in the European Economic Area. Tether declined to apply, so EU-regulated platforms, CoinGate among them, removed USDT from their supported assets. CoinGate's own 2025 payments report shows the result: USDC replaced USDT in its payout flows, and merchants who preferred USDT had to change either their stablecoin or their gateway.

Changing stablecoins is not a small ask. USDT remains the most widely held stablecoin among paying customers, particularly in iGaming, forex, and cross-border e-commerce. A merchant who stops accepting USDT turns away the customers who only hold USDT. The practical fix is a gateway that operates under a regulatory framework where USDT support continues, and that is the first requirement for any CoinGate alternative.

Five criteria decide whether a gateway will actually work for a former CoinGate merchant.

The gateway must support the stablecoins your customers hold, USDT first among them, alongside USDC and the major cryptocurrencies BTC, ETH, LTC, and SOL.

Most merchants do not want stablecoins on the balance sheet. The gateway should convert crypto to fiat instantly at a locked exchange rate to remove all crypto volatility, and settle in USD, EUR, GBP, CAD.

Every compliant gateway reviews its merchants. The difference is whether the review is a guided process with a named timeline and a sandbox environment to build in while you wait, or a queue with no visibility.

Processing fees are only part of the cost. Rolling reserves and chargeback exposure change the real economics, so a gateway with no rolling reserve and no chargebacks protects margin directly.

A gateway registered with FINTRAC in Canada and FinCEN in the United States gives you a regulated counterparty without the EEA-specific restrictions that removed USDT from European platforms.

EukaPay is a

crypto payment gateway

built so that a merchant moves from registration to settled fiat through one guided process. EukaPay supports most major cryptocurrencies like BTC, ETH, LTC, SOL, USDC, USDT, so merchants who lost USDT support elsewhere keep accepting it here.

You register, submit your business details, and EukaPay's team walks you through a business review. While the review runs, a sandbox environment is available so your developer (or coding agent) can build and test the full integration. When approval lands, you switch from sandbox keys to production keys and start accepting payments the same day.

EukaPay sets you up for success by offering every acceptance method under one account: an online checkout, PDF invoicing with the payment link embedded,

payment links

you share directly with a buyer, a POS terminal for in-person payments, and a full

API

for custom integrations. Subscriptions send invoices automatically on a recurring schedule - weekly, monthly, quarterly, or custom intervals - through the dashboard and the API.

When a customer pays in stablecoins or crypto, EukaPay converts the payment instantly at a locked exchange rate to remove all crypto volatility. Funds settle to your bank account in USD, EUR, GBP, CAD. There are no chargebacks and no rolling reserve, so the amount you see is the amount you keep. Merchants who pay out to partners or affiliates can use

mass payouts

to send thousands of payments in one batch by CSV or API.

EukaPay is the strongest fit for merchants leaving CoinGate over the USDT phase-out: USDT stays supported, onboarding is a guided business review with a sandbox, and settlement lands in your bank account in USD, EUR, GBP, CAD at a locked exchange rate. The section above covers the full flow from onboarding to settlement.

NOWPayments supports a long list of cryptocurrencies at a 0.5% base fee. The trade-off is that fiat settlement runs through partner services rather than a built-in settlement flow, so merchants who want fiat in the bank take on extra configuration.

BitPay is an established US processor with daily fiat settlements and enterprise compliance. Its supported-asset list is shorter, and its merchant review targets larger businesses, which leaves smaller merchants with fewer options.

Coinbase Commerce is a self-custody tool: you hold your own keys and your own crypto. Self-custody suits merchants who want to keep stablecoins, but there is no built-in fiat settlement, so you handle conversion and off-ramping yourself.

Here's the picking heuristic in one table.

Companies with several revenue streams often combine options - a gateway with fiat settlements for operating revenue and a self-custody wallet for treasury - so the table is a starting point rather than a verdict.

Every acceptance method EukaPay offers - checkout, invoicing, payment links, POS, and API - runs on the same platform: instant crypto-to-fiat conversion at a locked exchange rate to remove all crypto volatility, protection against chargebacks, support for a wide range of cryptocurrencies, and settlement in USD, EUR, GBP, CAD to your bank account.

The choice amongst the gateways above is a question of fit, not of better or worse. A merchant who wants to hold crypto fits Coinbase Commerce. A merchant who wants USDT acceptance, guided onboarding, and fiat settlements in the bank fits EukaPay.

Create your account at

app.eukapay.com/signup

to begin the business review, and point your developer (or coding agent) at the

developer documentation

to start building in the sandbox while the review runs.

Does EukaPay support USDT?

Yes. EukaPay supports USDT alongside other major assets, so merchants affected by USDT delistings elsewhere can continue accepting it.

Which stablecoins and cryptocurrencies does EukaPay support?

EukaPay supports most major cryptocurrencies like BTC, ETH, LTC, SOL, USDC, USDT.

How do fiat settlements work at EukaPay?

EukaPay converts each payment instantly at a locked exchange rate to remove all crypto volatility, then settles to your bank account in USD, EUR, GBP, CAD.

How long does EukaPay onboarding take?

Every merchant goes through a guided business review. A sandbox environment is available during the review, so your integration can be ready the day approval lands.

Can I migrate from CoinGate to EukaPay?

Yes. The EukaPay API and e-commerce integrations cover the same acceptance flows, and the onboarding team maps your existing setup to the equivalent EukaPay products during the business review.

Does EukaPay protect against chargebacks and volatility?

Yes. Digital asset payments are irreversible, so there are no chargebacks, and the locked exchange rate removes all crypto volatility before settlement.

Can my developer (or coding agent) integrate the EukaPay API quickly?

Yes. The API is documented at docs.eukapay.com, and sandbox keys are issued during the business review so development starts before approval.