RYE/USDC
Business Owners will be able to receive payments in RYE Tokens and Swap them with USDC then spend the USDC from their Coinbase Debit Card just like USD.
There are generally no tax implications if you spend US dollars (USD) or USD Coin (USDC). Spending any other kind of crypto involves selling your assets. Selling crypto using your card is a taxable transaction. Just like when you sell crypto on Coinbase, you'll be required to report gains and losses on your tax return.