Coindesk Logo

Pornhub Now Lets Models Get Paid With the Tether Stablecoin

Pornhub Now Lets Models Get Paid With the Tether Stablecoin

Pornhub Now Lets Models Get Paid With the Tether Stablecoin

Pornhub has added new performer payment options including the tether (USDT) stablecoin, two months after being apparently dropped by PayPal.

Pornhub has added new performer payment options including the tether (USDT) stablecoin, two months after being apparently dropped by PayPal.

Pornhub has added new performer payment options including the tether (USDT) stablecoin, two months after being apparently dropped by PayPal.

AccessTimeIconJan 23, 2020, 10:40 AM
Updated May 15, 2023, 1:27 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Pornhub has added new performer payment options including the tether (USDT) stablecoin, two months after apparently being dropped by PayPal.

The adult video giant announced Thursday it now allows its models to be paid in USDT and is recommending the TRONlink wallet. TRON became a partner of the site in June 2018, when Pornhub started accepting its TRX token for content.

The stablecoin claims to be fully backed by U.S. dollar cash or equivalents (a peg that seems to have slipped in the past), meaning its value will not fluctuate as much as more volatile cryptocurrencies and making it a less risky form of payment.

Pornhub has also added support for adult industry-focused Cosmo Payment, which provides prepaid cards that can be sent funds. For performers in Australia and Puerto Rico, direct deposits have also been added.

PayPal's decision to block performers' payouts with little or no warning came in November. At the time, Pornhub said more than 100,000 performers who relied on PayPal “for their livelihoods” were affected.

The service removal left Pornhub offering payouts via direct deposits in some regions, bank checks and the verge cryptocurrency.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.