Stablecoins & Payments, in plain English.
What stablecoins are, how stablecoin payments and confirmations work, choosing an asset and network, gas, test transactions, and how a business can accept crypto.
For: Sending or receiving payments · Running a business
What is a stablecoin?
A stablecoin is a token designed to hold a steady value, usually tied to a currency such as the US dollar. It aims to co…
How do stablecoin payments work?
A stablecoin payment moves a stable-value token from a payer's wallet to a recipient's address over a chosen network. Bo…
How do two parties choose an asset and network?
The payer and recipient agree, before sending, on exactly which asset (e.g. a specific stablecoin) and which network to …
What is gas?
Gas is the fee paid to a network to process a transaction. The amount changes with how busy the network is, and it's pai…
How do crypto payment confirmations work?
A confirmation is each new block added after the one containing your payment. The first confirmation means it's recorded…
Why should I send a small test transaction?
A test transaction sends a tiny amount first to confirm the address and network are correct before moving the full amoun…
How can a business accept crypto payments?
A business can accept crypto either through a payment processor that handles the technical and conversion steps, or by r…