Stablecoin
Digital currency transfers using stablecoins pegged to fiat currencies. Enables fast, low-cost transactions with blockchain security. Settlements occur in real-time without intermediaries.
Participants
- Sender
- Recipient
- Stablecoin issuer
- Blockchain network
- Wallet providers
Authorization
- Sender initiates a transfer via their wallet.
- Transaction is broadcast to the blockchain network.
- Network verifies sender’s balance and transaction validity.
- Transaction is approved and added to the blockchain.
Processing
- Transaction is processed on the blockchain.
- Smart contracts execute any required conditions.
- Network nodes confirm the transaction.
Settlement
- Stablecoin is credited to the recipient’s wallet.
- Transaction is permanently recorded on the blockchain.