[{"data":1,"prerenderedAt":932},["ShallowReactive",2],{"content-\u002Fresources\u002Fmore\u002Fonramp-offramp-liquidity-glossary":3,"resources-category-onramp-offramp-liquidity-glossary":738},{"id":4,"title":5,"authors":6,"body":7,"categories":6,"category":708,"categoryType":6,"compare":6,"contributors":6,"date":709,"description":710,"extension":711,"faq":712,"howto":6,"isBlog":728,"isChangelog":728,"meta":729,"navigation":731,"path":732,"pillar":728,"products":6,"rawbody":733,"role":6,"seo":734,"seoTitle":735,"stem":736,"thumbnail":6,"updated":709,"__hash__":737},"content\u002Fresources\u002Fmore\u002Fonramp-offramp-liquidity-glossary.md","On-ramp and off-ramp liquidity glossary: 40 terms for live quotes, spread, and settlement",null,{"type":8,"value":9,"toc":695},"minimark",[10,14,23,29,48,53,66,215,219,230,236,242,248,254,260,266,270,276,289,303,311,320,326,336,355,369,373,379,385,391,397,403,407,420,426,432,438,444,450,463,469,473,484,490,496,502,508,512,523,533,539,545,551,557,561,564,570,658,661,664,684,688],[11,12,13],"p",{},"On-ramp and off-ramp liquidity is a provider's ability to convert between local money and stablecoins at the size you need, at a quoted rate, without the price moving against you. This glossary defines the 40 terms behind that sentence, from live quote and expiry to spread, slippage, depth, market makers, and pre-funding.",[11,15,16,17,22],{},"Every other article in this series uses these definitions. Where a term maps to a field in a BlindPay quote, the field name is listed, so you can check the definition against a real API response. For blockchain basics such as wallet, finality, or gas, see the ",[18,19,21],"a",{"href":20},"\u002Fresources\u002Fmore\u002Fblockchain-payments-glossary","blockchain payments glossary",".",[11,24,25],{},[26,27,28],"strong",{},"Key takeaways",[30,31,32,36,39,42,45],"ul",{},[33,34,35],"li",{},"Liquidity is not a balance. It is the ability to fill a conversion at a quoted rate, at size, on demand.",[33,37,38],{},"A live quote is binding for its window. At BlindPay that window is 5 minutes for most quotes and 10 seconds for OTC payin quotes.",[33,40,41],{},"Spread is a cost you see before you send. Slippage is a cost you discover after.",[33,43,44],{},"Depth is how much you can convert before the rate gets worse. You measure it with quotes at several sizes.",[33,46,47],{},"Pre-funding parks money in the destination country in advance. Quote-based stablecoin payouts fund each payment when it executes.",[49,50,52],"h2",{"id":51},"which-terms-map-to-fields-in-a-quote","Which terms map to fields in a quote?",[11,54,55,56,60,61,65],{},"Nine of the terms below appear as fields in a BlindPay ",[18,57,59],{"href":58},"\u002Fdocs\u002Fpayout-quotes","payout quote"," or ",[18,62,64],{"href":63},"\u002Fdocs\u002Fpayin-quotes","payin quote",". The table is the short version.",[67,68,69,85],"table",{},[70,71,72],"thead",{},[73,74,75,79,82],"tr",{},[76,77,78],"th",{},"Term",[76,80,81],{},"One-line definition",[76,83,84],{},"BlindPay quote field",[86,87,88,103,117,130,143,156,169,182,195],"tbody",{},[73,89,90,94,97],{},[91,92,93],"td",{},"Quote ID",[91,95,96],{},"The handle you execute against",[91,98,99],{},[100,101,102],"code",{},"id",[73,104,105,108,111],{},[91,106,107],{},"Expiry window",[91,109,110],{},"How long the price is binding",[91,112,113,116],{},[100,114,115],{},"expires_at"," (epoch milliseconds)",[73,118,119,122,125],{},[91,120,121],{},"Market rate",[91,123,124],{},"The raw exchange rate before the provider's margin",[91,126,127],{},[100,128,129],{},"commercial_quotation",[73,131,132,135,138],{},[91,133,134],{},"Quoted rate",[91,136,137],{},"The rate after the provider's margin",[91,139,140],{},[100,141,142],{},"blindpay_quotation",[73,144,145,148,151],{},[91,146,147],{},"Sender amount",[91,149,150],{},"What leaves the paying side",[91,152,153],{},[100,154,155],{},"sender_amount",[73,157,158,161,164],{},[91,159,160],{},"Receiver amount",[91,162,163],{},"What lands on the receiving side",[91,165,166],{},[100,167,168],{},"receiver_amount",[73,170,171,174,177],{},[91,172,173],{},"Request side",[91,175,176],{},"Which side the amount you typed is in",[91,178,179],{},[100,180,181],{},"currency_type",[73,183,184,187,190],{},[91,185,186],{},"Fee direction",[91,188,189],{},"Who absorbs the fee",[91,191,192],{},[100,193,194],{},"cover_fees",[73,196,197,200,203],{},[91,198,199],{},"Fee lines",[91,201,202],{},"Fees listed apart from the rate",[91,204,205,208,209,208,212],{},[100,206,207],{},"flat_fee",", ",[100,210,211],{},"partner_fee_amount",[100,213,214],{},"billing_fee_amount",[49,216,218],{"id":217},"what-do-on-ramp-off-ramp-and-liquidity-mean","What do on-ramp, off-ramp, and liquidity mean?",[11,220,221,224,225,229],{},[26,222,223],{},"On-ramp."," A service that converts fiat money into stablecoins. Dollars, reais, or pesos go in, and USDC or USDT lands in a wallet. ",[18,226,228],{"href":227},"\u002Fresources\u002Fmore\u002Fwhat-is-a-crypto-on-ramp-and-off-ramp","What is a crypto on-ramp and off-ramp"," covers the basics.",[11,231,232,235],{},[26,233,234],{},"Off-ramp."," The reverse: stablecoins go in, and local currency lands in a bank account over a local rail.",[11,237,238,241],{},[26,239,240],{},"Liquidity."," The ability to convert at the size you need, at a quoted rate, without moving the price. It is a capability, not a pile of money.",[11,243,244,247],{},[26,245,246],{},"Liquidity depth."," How much a provider can convert on one corridor before its rate degrades. Deep means a $50,000 quote prices close to a $500 quote.",[11,249,250,253],{},[26,251,252],{},"Corridor."," A currency pair plus a direction, such as USDC to BRL. Depth, spread, and speed are properties of a corridor, not of a provider as a whole.",[11,255,256,259],{},[26,257,258],{},"Payout rail."," The local payment system that delivers the money at the end, such as Pix in Brazil, SPEI in Mexico, ACH in the US, or SEPA in Europe.",[11,261,262,265],{},[26,263,264],{},"Payin and payout."," A payin is money coming in, a bank transfer converted into stablecoins (the on-ramp side). A payout is money going out, stablecoins converted into fiat and sent to a bank account (the off-ramp side).",[49,267,269],{"id":268},"what-is-inside-a-live-quote","What is inside a live quote?",[11,271,272,275],{},[26,273,274],{},"Live quote."," A binding price for one conversion, calculated when you request it and held for a stated window. It carries an ID and an expiry time. Execute inside the window and you get the quoted numbers.",[11,277,278,281,282,285,286,22],{},[26,279,280],{},"Quote ID."," The identifier you pass when you execute. BlindPay payout quotes start with ",[100,283,284],{},"qu_",". Payin quote IDs are passed as ",[100,287,288],{},"payin_quote_id",[11,290,291,294,295,297,298,302],{},[26,292,293],{},"Expiry window."," How long the quote stays binding. At BlindPay, payout, payin, and transfer quotes expire 5 minutes after creation by default, OTC payin quotes expire in 10 seconds, and SEPA payout quotes can be shorter. The ",[100,296,115],{}," field holds the deadline in epoch milliseconds, so read it from each response instead of hardcoding a window. The ",[18,299,301],{"href":300},"\u002Fdocs\u002Fkb\u002Fcut-off-times","cut-off times reference"," lists every default.",[11,304,305,308,309,22],{},[26,306,307],{},"Market rate."," The exchange rate before the provider's margin. On a BlindPay quote this is ",[100,310,129],{},[11,312,313,316,317,319],{},[26,314,315],{},"Quoted rate."," The rate you actually convert at. On a BlindPay quote this is ",[100,318,142],{},". The gap between the two is the provider's FX margin.",[11,321,322,325],{},[26,323,324],{},"Sender amount and receiver amount."," What leaves one side and what arrives on the other, both in minor units.",[11,327,328,331,332,335],{},[26,329,330],{},"Minor units."," Amounts written as integers in the currency's smallest unit. ",[100,333,334],{},"10000"," means 100.00. Integers avoid floating point rounding errors.",[11,337,338,341,342,345,346,349,350,354],{},[26,339,340],{},"Request side."," Which side of the conversion the amount you send in the request is denominated in. On a BlindPay payout quote, ",[100,343,344],{},"currency_type: \"sender\""," means the stablecoin side and ",[100,347,348],{},"\"receiver\""," means the fiat side. On a payin quote the meaning flips. ",[18,351,353],{"href":352},"\u002Fresources\u002Fmore\u002Fstablecoin-api-quotes-explained","Stablecoin API quotes explained"," walks through it.",[11,356,357,360,361,364,365,368],{},[26,358,359],{},"Fee direction."," Who absorbs the fee. With ",[100,362,363],{},"cover_fees: false"," the fee comes out of what the recipient gets. With ",[100,366,367],{},"cover_fees: true"," the sender pays it on top.",[49,370,372],{"id":371},"what-is-the-difference-between-a-firm-indicative-and-stale-price","What is the difference between a firm, indicative, and stale price?",[11,374,375,378],{},[26,376,377],{},"Firm quote (binding quote)."," A price the provider commits to execute at, for a stated window. A live quote is a firm quote.",[11,380,381,384],{},[26,382,383],{},"Indicative rate."," A price shown for information. The provider does not commit to it, and the conversion settles at whatever the market says later.",[11,386,387,390],{},[26,388,389],{},"Stale quote."," A rate calculated some time ago and still on display. The older it is, the further the market has moved, and someone absorbs that move.",[11,392,393,396],{},[26,394,395],{},"Re-quote."," A fresh quote requested after the previous one expired. The new numbers can differ, because the market moved in between.",[11,398,399,402],{},[26,400,401],{},"Re-quote delta."," The change between an expired quote and its replacement. Large deltas on one corridor are a volatility signal.",[49,404,406],{"id":405},"what-do-spread-slippage-and-basis-points-mean","What do spread, slippage, and basis points mean?",[11,408,409,412,413,419],{},[26,410,411],{},"Mid-market rate."," The midpoint between the price buyers bid and sellers ask in the wholesale market. Public reference rates are a slower version of it: the ECB says its ",[18,414,418],{"href":415,"rel":416},"https:\u002F\u002Fwww.ecb.europa.eu\u002Fstats\u002Fpolicy_and_exchange_rates\u002Feuro_reference_exchange_rates\u002Fhtml\u002Findex.en.html",[417],"nofollow","euro reference rates"," are published around 16:00 CET for information purposes only, and strongly discourages using them for transactions.",[11,421,422,425],{},[26,423,424],{},"Bid and ask."," The bid is what a dealer pays to buy a currency from you. The ask is what it charges to sell it to you. The ask is always higher.",[11,427,428,431],{},[26,429,430],{},"Spread."," The gap between the market rate and the rate you are quoted, usually written as a percentage or in basis points. You see it before you send.",[11,433,434,437],{},[26,435,436],{},"Slippage."," The gap between the rate you were shown and the rate that settled. You see it only after. On a binding quote executed inside its window, slippage is zero.",[11,439,440,443],{},[26,441,442],{},"Basis point (bps)."," One hundredth of one percent. 50 bps is 0.50%. On $10,000, each basis point is $1.",[11,445,446,449],{},[26,447,448],{},"Flat fee and percentage fee."," A flat fee is a fixed charge per transaction. A percentage fee scales with the amount and is usually quoted in basis points.",[11,451,452,455,456,458,459,22],{},[26,453,454],{},"Partner fee."," A markup a platform adds on top of the provider's price. At BlindPay it shows as ",[100,457,211],{}," on the quote. See ",[18,460,462],{"href":461},"\u002Fdocs\u002Flearn\u002Fpartner-fees","partner fees",[11,464,465,468],{},[26,466,467],{},"Delivered amount."," What actually lands in the recipient's account after the rate and every fee. The only number the recipient cares about.",[49,470,472],{"id":471},"where-does-off-ramp-liquidity-come-from","Where does off-ramp liquidity come from?",[11,474,475,478,479,483],{},[26,476,477],{},"Liquidity provider."," Any party that converts between stablecoins and local currency on demand and delivers the result. ",[18,480,482],{"href":481},"\u002Fresources\u002Fmore\u002Fwhat-is-a-liquidity-market-cross-border-payments","What is a liquidity market"," explains how the role is changing.",[11,485,486,489],{},[26,487,488],{},"Market maker."," A firm that continuously quotes both a buy and a sell price and earns the spread between them. Market makers carry inventory and hedge the risk of holding it.",[11,491,492,495],{},[26,493,494],{},"Inventory."," Balances of local currency and stablecoins a provider holds ready to fill orders. Inventory is what lets a provider bind a quote on demand.",[11,497,498,501],{},[26,499,500],{},"RFQ (request for quote)."," A pricing model where a buyer asks several approved liquidity providers for executable prices and picks the best one.",[11,503,504,507],{},[26,505,506],{},"OTC desk."," An over-the-counter desk that prices large conversions directly instead of through a public order book. At BlindPay, OTC payin quotes cover BRL to USDT from $5,000 USD equivalent and expire in 10 seconds.",[49,509,511],{"id":510},"how-are-payouts-funded-and-settled","How are payouts funded and settled?",[11,513,514,517,518,522],{},[26,515,516],{},"Pre-funding."," Parking money in destination-country accounts before you can pay out. It ties up working capital and adds FX risk. ",[18,519,521],{"href":520},"\u002Fresources\u002Fmore\u002Fno-pre-funding-stablecoin-payouts","No pre-funding in a stablecoin API"," shows the alternative.",[11,524,525,528,529,22],{},[26,526,527],{},"Nostro account."," A bank's account held at a foreign bank, in that bank's currency. Correspondent banking runs on them, and they are why the old model needs pre-funding. See ",[18,530,532],{"href":531},"\u002Fresources\u002Fmore\u002Fcorrespondent-banking-vs-stablecoin-liquidity","correspondent banking vs stablecoin liquidity",[11,534,535,538],{},[26,536,537],{},"Funding at execution."," Paying for each payout from stablecoins at the moment it executes. With a BlindPay payout from your own EVM wallet, you approve the quoted amount and BlindPay pulls it when the payout is created.",[11,540,541,544],{},[26,542,543],{},"Float."," The stablecoin balance a business keeps ready to fund upcoming payouts. Smaller than country-by-country pre-funding, because one dollar balance serves every corridor.",[11,546,547,550],{},[26,548,549],{},"Settlement."," The moment the recipient has the money with no further steps. For a payout that is when the local rail credits the bank account.",[11,552,553,556],{},[26,554,555],{},"Refund wallet."," Where stablecoins go back if a payout cannot be delivered after they were collected. BlindPay refunds to the quote's refund wallet, or to the sending wallet when none is set. On Pix and other non-USD local rails the refund is automatic; USD payouts are refunded after an operator review.",[49,558,560],{"id":559},"how-do-the-terms-fit-together-on-one-payout","How do the terms fit together on one payout?",[11,562,563],{},"One quote uses most of the glossary at once.",[11,565,566,569],{},[26,567,568],{},"Illustrative example."," A company sends 10,000 USDC to a supplier in Brazil. The numbers are made up for the arithmetic, not BlindPay pricing.",[67,571,572,585],{},[70,573,574],{},[73,575,576,579,582],{},[76,577,578],{},"Item",[76,580,581],{},"Value",[76,583,584],{},"How it is calculated",[86,586,587,601,614,625,636,647],{},[73,588,589,595,598],{},[91,590,591,592,594],{},"Market rate (",[100,593,129],{},")",[91,596,597],{},"5.40 BRL per USDC",[91,599,600],{},"From the market at request time",[73,602,603,608,611],{},[91,604,605,606,594],{},"Quoted rate (",[100,607,142],{},[91,609,610],{},"5.373 BRL per USDC",[91,612,613],{},"Market rate minus the margin",[73,615,616,619,622],{},[91,617,618],{},"Spread",[91,620,621],{},"0.50%, or 50 bps",[91,623,624],{},"(5.40 - 5.373) \u002F 5.40",[73,626,627,630,633],{},[91,628,629],{},"Spread in money",[91,631,632],{},"270 BRL, about 50 USDC",[91,634,635],{},"10,000 x (5.40 - 5.373)",[73,637,638,641,644],{},[91,639,640],{},"Receiver amount before flat fee",[91,642,643],{},"53,730 BRL",[91,645,646],{},"10,000 x 5.373",[73,648,649,652,655],{},[91,650,651],{},"Slippage",[91,653,654],{},"0 bps",[91,656,657],{},"Executed inside the 5-minute window",[11,659,660],{},"Now change one thing. Say a provider had shown 5.373 as an indicative rate and settled later at 5.370. Slippage would be (5.373 - 5.370) \u002F 5.373 x 10,000, about 5.6 bps, or 30 BRL the supplier never agreed to lose.",[11,662,663],{},"Small on one payment. On $2 million a month it is about $1,100, and nobody sees it on the quote screen.",[11,665,666,667,672,673,677,678,683],{},"The wholesale market behind these numbers is enormous: the BIS ",[18,668,671],{"href":669,"rel":670},"https:\u002F\u002Fwww.bis.org\u002Fpress\u002Fp250930.htm",[417],"2025 Triennial Survey"," measured $9.6 trillion of FX trading per day. Depth on one emerging-market corridor is a much smaller pool, which is why it is worth testing. ",[18,674,676],{"href":675},"\u002Fresources\u002Fmore\u002Fon-off-ramp-liquidity-live-quotes","On\u002Foff ramp liquidity with live quotes"," shows how depth changes quotes by size, and USDC itself is designed to be ",[18,679,682],{"href":680,"rel":681},"https:\u002F\u002Fwww.circle.com\u002Fusdc",[417],"redeemable 1:1 for US dollars",", so the FX question sits on the local-currency side.",[49,685,687],{"id":686},"what-to-do-next","What to do next",[11,689,690,691,694],{},"Pull one real quote and match each field to the definitions above. The ",[18,692,693],{"href":58},"payout quotes docs"," show a full response, field by field.",{"title":696,"searchDepth":697,"depth":697,"links":698},"",2,[699,700,701,702,703,704,705,706,707],{"id":51,"depth":697,"text":52},{"id":217,"depth":697,"text":218},{"id":268,"depth":697,"text":269},{"id":371,"depth":697,"text":372},{"id":405,"depth":697,"text":406},{"id":471,"depth":697,"text":472},{"id":510,"depth":697,"text":511},{"id":559,"depth":697,"text":560},{"id":686,"depth":697,"text":687},"stablecoins","2026-09-21","Live quote, expiry, spread, slippage, basis points, depth, market maker, RFQ, pre-funding: the 40 terms behind on\u002Foff-ramp liquidity, in plain English.","md",[713,716,719,722,725],{"q":714,"a":715},"What is on-ramp and off-ramp liquidity?","It is a provider's ability to convert between local money and stablecoins at the size you need, at a quoted rate, without the price moving against you. An on-ramp turns fiat into stablecoins, an off-ramp turns stablecoins into fiat in a bank account. Liquidity decides whether the rate on the quote is the rate you actually get, and whether it holds for $50,000 as well as for $500.",{"q":717,"a":718},"What is the difference between spread and slippage?","Spread is the gap between the market rate and the rate a provider quotes you. You see it before you send, and you agree to it. Slippage is the gap between the rate you were shown and the rate that settled. You only discover it afterward. A binding live quote executed inside its window turns possible slippage into a visible, agreed spread.",{"q":720,"a":721},"What is a live quote in stablecoin payments?","A live quote is a binding price for one conversion, calculated when you request it and held for a stated window. It has an ID and an expiry time. If you execute against it before it expires, the conversion settles at the quoted rate and fees. At BlindPay, most quotes last 5 minutes and OTC payin quotes last 10 seconds.",{"q":723,"a":724},"What does liquidity depth mean for an off-ramp?","Depth is how much a provider can convert on one corridor before its rate gets worse. A deep provider quotes nearly the same rate for $500 and $50,000. A thin one widens the spread as the amount grows, because the order runs past its cheapest inventory. You test depth by requesting quotes at several sizes at the same moment.",{"q":726,"a":727},"What is pre-funding in cross-border payments?","Pre-funding means parking money in an account in the destination country before you can pay anyone there. Banks and payout providers use it so local currency is ready when a payment arrives. It ties up working capital and adds FX exposure. Quote-based stablecoin payouts fund each payment from stablecoins at the moment it executes instead.",false,{"author":730},"BlindPay Team",true,"\u002Fresources\u002Fmore\u002Fonramp-offramp-liquidity-glossary","---\ntitle: \"On-ramp and off-ramp liquidity glossary: 40 terms for live quotes, spread, and settlement\"\nseoTitle: \"On\u002Foff-ramp liquidity glossary: 40 terms, plain English\"\ndescription: \"Live quote, expiry, spread, slippage, basis points, depth, market maker, RFQ, pre-funding: the 40 terms behind on\u002Foff-ramp liquidity, in plain English.\"\ndate: \"2026-09-21\"\nupdated: \"2026-09-21\"\ncategory: \"stablecoins\"\nauthor: \"BlindPay Team\"\nfaq:\n  - q: \"What is on-ramp and off-ramp liquidity?\"\n    a: \"It is a provider's ability to convert between local money and stablecoins at the size you need, at a quoted rate, without the price moving against you. An on-ramp turns fiat into stablecoins, an off-ramp turns stablecoins into fiat in a bank account. Liquidity decides whether the rate on the quote is the rate you actually get, and whether it holds for $50,000 as well as for $500.\"\n  - q: \"What is the difference between spread and slippage?\"\n    a: \"Spread is the gap between the market rate and the rate a provider quotes you. You see it before you send, and you agree to it. Slippage is the gap between the rate you were shown and the rate that settled. You only discover it afterward. A binding live quote executed inside its window turns possible slippage into a visible, agreed spread.\"\n  - q: \"What is a live quote in stablecoin payments?\"\n    a: \"A live quote is a binding price for one conversion, calculated when you request it and held for a stated window. It has an ID and an expiry time. If you execute against it before it expires, the conversion settles at the quoted rate and fees. At BlindPay, most quotes last 5 minutes and OTC payin quotes last 10 seconds.\"\n  - q: \"What does liquidity depth mean for an off-ramp?\"\n    a: \"Depth is how much a provider can convert on one corridor before its rate gets worse. A deep provider quotes nearly the same rate for $500 and $50,000. A thin one widens the spread as the amount grows, because the order runs past its cheapest inventory. You test depth by requesting quotes at several sizes at the same moment.\"\n  - q: \"What is pre-funding in cross-border payments?\"\n    a: \"Pre-funding means parking money in an account in the destination country before you can pay anyone there. Banks and payout providers use it so local currency is ready when a payment arrives. It ties up working capital and adds FX exposure. Quote-based stablecoin payouts fund each payment from stablecoins at the moment it executes instead.\"\n---\n\nOn-ramp and off-ramp liquidity is a provider's ability to convert between local money and stablecoins at the size you need, at a quoted rate, without the price moving against you. This glossary defines the 40 terms behind that sentence, from live quote and expiry to spread, slippage, depth, market makers, and pre-funding.\n\nEvery other article in this series uses these definitions. Where a term maps to a field in a BlindPay quote, the field name is listed, so you can check the definition against a real API response. For blockchain basics such as wallet, finality, or gas, see the [blockchain payments glossary](\u002Fresources\u002Fmore\u002Fblockchain-payments-glossary).\n\n**Key takeaways**\n\n- Liquidity is not a balance. It is the ability to fill a conversion at a quoted rate, at size, on demand.\n- A live quote is binding for its window. At BlindPay that window is 5 minutes for most quotes and 10 seconds for OTC payin quotes.\n- Spread is a cost you see before you send. Slippage is a cost you discover after.\n- Depth is how much you can convert before the rate gets worse. You measure it with quotes at several sizes.\n- Pre-funding parks money in the destination country in advance. Quote-based stablecoin payouts fund each payment when it executes.\n\n## Which terms map to fields in a quote?\n\nNine of the terms below appear as fields in a BlindPay [payout quote](\u002Fdocs\u002Fpayout-quotes) or [payin quote](\u002Fdocs\u002Fpayin-quotes). The table is the short version.\n\n| Term | One-line definition | BlindPay quote field |\n| --- | --- | --- |\n| Quote ID | The handle you execute against | `id` |\n| Expiry window | How long the price is binding | `expires_at` (epoch milliseconds) |\n| Market rate | The raw exchange rate before the provider's margin | `commercial_quotation` |\n| Quoted rate | The rate after the provider's margin | `blindpay_quotation` |\n| Sender amount | What leaves the paying side | `sender_amount` |\n| Receiver amount | What lands on the receiving side | `receiver_amount` |\n| Request side | Which side the amount you typed is in | `currency_type` |\n| Fee direction | Who absorbs the fee | `cover_fees` |\n| Fee lines | Fees listed apart from the rate | `flat_fee`, `partner_fee_amount`, `billing_fee_amount` |\n\n## What do on-ramp, off-ramp, and liquidity mean?\n\n**On-ramp.** A service that converts fiat money into stablecoins. Dollars, reais, or pesos go in, and USDC or USDT lands in a wallet. [What is a crypto on-ramp and off-ramp](\u002Fresources\u002Fmore\u002Fwhat-is-a-crypto-on-ramp-and-off-ramp) covers the basics.\n\n**Off-ramp.** The reverse: stablecoins go in, and local currency lands in a bank account over a local rail.\n\n**Liquidity.** The ability to convert at the size you need, at a quoted rate, without moving the price. It is a capability, not a pile of money.\n\n**Liquidity depth.** How much a provider can convert on one corridor before its rate degrades. Deep means a $50,000 quote prices close to a $500 quote.\n\n**Corridor.** A currency pair plus a direction, such as USDC to BRL. Depth, spread, and speed are properties of a corridor, not of a provider as a whole.\n\n**Payout rail.** The local payment system that delivers the money at the end, such as Pix in Brazil, SPEI in Mexico, ACH in the US, or SEPA in Europe.\n\n**Payin and payout.** A payin is money coming in, a bank transfer converted into stablecoins (the on-ramp side). A payout is money going out, stablecoins converted into fiat and sent to a bank account (the off-ramp side).\n\n## What is inside a live quote?\n\n**Live quote.** A binding price for one conversion, calculated when you request it and held for a stated window. It carries an ID and an expiry time. Execute inside the window and you get the quoted numbers.\n\n**Quote ID.** The identifier you pass when you execute. BlindPay payout quotes start with `qu_`. Payin quote IDs are passed as `payin_quote_id`.\n\n**Expiry window.** How long the quote stays binding. At BlindPay, payout, payin, and transfer quotes expire 5 minutes after creation by default, OTC payin quotes expire in 10 seconds, and SEPA payout quotes can be shorter. The `expires_at` field holds the deadline in epoch milliseconds, so read it from each response instead of hardcoding a window. The [cut-off times reference](\u002Fdocs\u002Fkb\u002Fcut-off-times) lists every default.\n\n**Market rate.** The exchange rate before the provider's margin. On a BlindPay quote this is `commercial_quotation`.\n\n**Quoted rate.** The rate you actually convert at. On a BlindPay quote this is `blindpay_quotation`. The gap between the two is the provider's FX margin.\n\n**Sender amount and receiver amount.** What leaves one side and what arrives on the other, both in minor units.\n\n**Minor units.** Amounts written as integers in the currency's smallest unit. `10000` means 100.00. Integers avoid floating point rounding errors.\n\n**Request side.** Which side of the conversion the amount you send in the request is denominated in. On a BlindPay payout quote, `currency_type: \"sender\"` means the stablecoin side and `\"receiver\"` means the fiat side. On a payin quote the meaning flips. [Stablecoin API quotes explained](\u002Fresources\u002Fmore\u002Fstablecoin-api-quotes-explained) walks through it.\n\n**Fee direction.** Who absorbs the fee. With `cover_fees: false` the fee comes out of what the recipient gets. With `cover_fees: true` the sender pays it on top.\n\n## What is the difference between a firm, indicative, and stale price?\n\n**Firm quote (binding quote).** A price the provider commits to execute at, for a stated window. A live quote is a firm quote.\n\n**Indicative rate.** A price shown for information. The provider does not commit to it, and the conversion settles at whatever the market says later.\n\n**Stale quote.** A rate calculated some time ago and still on display. The older it is, the further the market has moved, and someone absorbs that move.\n\n**Re-quote.** A fresh quote requested after the previous one expired. The new numbers can differ, because the market moved in between.\n\n**Re-quote delta.** The change between an expired quote and its replacement. Large deltas on one corridor are a volatility signal.\n\n## What do spread, slippage, and basis points mean?\n\n**Mid-market rate.** The midpoint between the price buyers bid and sellers ask in the wholesale market. Public reference rates are a slower version of it: the ECB says its [euro reference rates](https:\u002F\u002Fwww.ecb.europa.eu\u002Fstats\u002Fpolicy_and_exchange_rates\u002Feuro_reference_exchange_rates\u002Fhtml\u002Findex.en.html) are published around 16:00 CET for information purposes only, and strongly discourages using them for transactions.\n\n**Bid and ask.** The bid is what a dealer pays to buy a currency from you. The ask is what it charges to sell it to you. The ask is always higher.\n\n**Spread.** The gap between the market rate and the rate you are quoted, usually written as a percentage or in basis points. You see it before you send.\n\n**Slippage.** The gap between the rate you were shown and the rate that settled. You see it only after. On a binding quote executed inside its window, slippage is zero.\n\n**Basis point (bps).** One hundredth of one percent. 50 bps is 0.50%. On $10,000, each basis point is $1.\n\n**Flat fee and percentage fee.** A flat fee is a fixed charge per transaction. A percentage fee scales with the amount and is usually quoted in basis points.\n\n**Partner fee.** A markup a platform adds on top of the provider's price. At BlindPay it shows as `partner_fee_amount` on the quote. See [partner fees](\u002Fdocs\u002Flearn\u002Fpartner-fees).\n\n**Delivered amount.** What actually lands in the recipient's account after the rate and every fee. The only number the recipient cares about.\n\n## Where does off-ramp liquidity come from?\n\n**Liquidity provider.** Any party that converts between stablecoins and local currency on demand and delivers the result. [What is a liquidity market](\u002Fresources\u002Fmore\u002Fwhat-is-a-liquidity-market-cross-border-payments) explains how the role is changing.\n\n**Market maker.** A firm that continuously quotes both a buy and a sell price and earns the spread between them. Market makers carry inventory and hedge the risk of holding it.\n\n**Inventory.** Balances of local currency and stablecoins a provider holds ready to fill orders. Inventory is what lets a provider bind a quote on demand.\n\n**RFQ (request for quote).** A pricing model where a buyer asks several approved liquidity providers for executable prices and picks the best one.\n\n**OTC desk.** An over-the-counter desk that prices large conversions directly instead of through a public order book. At BlindPay, OTC payin quotes cover BRL to USDT from $5,000 USD equivalent and expire in 10 seconds.\n\n## How are payouts funded and settled?\n\n**Pre-funding.** Parking money in destination-country accounts before you can pay out. It ties up working capital and adds FX risk. [No pre-funding in a stablecoin API](\u002Fresources\u002Fmore\u002Fno-pre-funding-stablecoin-payouts) shows the alternative.\n\n**Nostro account.** A bank's account held at a foreign bank, in that bank's currency. Correspondent banking runs on them, and they are why the old model needs pre-funding. See [correspondent banking vs stablecoin liquidity](\u002Fresources\u002Fmore\u002Fcorrespondent-banking-vs-stablecoin-liquidity).\n\n**Funding at execution.** Paying for each payout from stablecoins at the moment it executes. With a BlindPay payout from your own EVM wallet, you approve the quoted amount and BlindPay pulls it when the payout is created.\n\n**Float.** The stablecoin balance a business keeps ready to fund upcoming payouts. Smaller than country-by-country pre-funding, because one dollar balance serves every corridor.\n\n**Settlement.** The moment the recipient has the money with no further steps. For a payout that is when the local rail credits the bank account.\n\n**Refund wallet.** Where stablecoins go back if a payout cannot be delivered after they were collected. BlindPay refunds to the quote's refund wallet, or to the sending wallet when none is set. On Pix and other non-USD local rails the refund is automatic; USD payouts are refunded after an operator review.\n\n## How do the terms fit together on one payout?\n\nOne quote uses most of the glossary at once.\n\n**Illustrative example.** A company sends 10,000 USDC to a supplier in Brazil. The numbers are made up for the arithmetic, not BlindPay pricing.\n\n| Item | Value | How it is calculated |\n| --- | --- | --- |\n| Market rate (`commercial_quotation`) | 5.40 BRL per USDC | From the market at request time |\n| Quoted rate (`blindpay_quotation`) | 5.373 BRL per USDC | Market rate minus the margin |\n| Spread | 0.50%, or 50 bps | (5.40 - 5.373) \u002F 5.40 |\n| Spread in money | 270 BRL, about 50 USDC | 10,000 x (5.40 - 5.373) |\n| Receiver amount before flat fee | 53,730 BRL | 10,000 x 5.373 |\n| Slippage | 0 bps | Executed inside the 5-minute window |\n\nNow change one thing. Say a provider had shown 5.373 as an indicative rate and settled later at 5.370. Slippage would be (5.373 - 5.370) \u002F 5.373 x 10,000, about 5.6 bps, or 30 BRL the supplier never agreed to lose.\n\nSmall on one payment. On $2 million a month it is about $1,100, and nobody sees it on the quote screen.\n\nThe wholesale market behind these numbers is enormous: the BIS [2025 Triennial Survey](https:\u002F\u002Fwww.bis.org\u002Fpress\u002Fp250930.htm) measured $9.6 trillion of FX trading per day. Depth on one emerging-market corridor is a much smaller pool, which is why it is worth testing. [On\u002Foff ramp liquidity with live quotes](\u002Fresources\u002Fmore\u002Fon-off-ramp-liquidity-live-quotes) shows how depth changes quotes by size, and USDC itself is designed to be [redeemable 1:1 for US dollars](https:\u002F\u002Fwww.circle.com\u002Fusdc), so the FX question sits on the local-currency side.\n\n## What to do next\n\nPull one real quote and match each field to the definitions above. The [payout quotes docs](\u002Fdocs\u002Fpayout-quotes) show a full response, field by field.\n",{"title":5,"description":710},"On\u002Foff-ramp liquidity glossary: 40 terms, plain English","resources\u002Fmore\u002Fonramp-offramp-liquidity-glossary","qyTJXI9jwcYhZudYAdz8nv7nMNdbk53LzTCuv5xiKhU",[739,743,747,751,755,759,763,767,771,775,779,783,787,791,795,799,803,807,811,815,819,820,824,828,832,836,840,844,848,852,856,860,864,868,872,876,880,884,888,892,896,900,904,908,912,916,920,924,928],{"path":740,"title":741,"description":742},"\u002Fresources\u002Fmore\u002Fare-stablecoin-cards-safe","Are stablecoin cards safe? Peg, issuer, custody, and smart contract risks","The five risks of a stablecoin card: peg, program failure, custody, smart contracts, and fraud, with the August 2026 incident and a safety checklist.",{"path":744,"title":745,"description":746},"\u002Fresources\u002Fmore\u002Fare-stablecoin-payments-safe","Are stablecoin payments safe? The risks businesses should check, and how to reduce them","Stablecoin payments are as safe as the issuer, the network, the provider, and your own controls. The seven risks to check, with real incidents and fixes.",{"path":748,"title":749,"description":750},"\u002Fresources\u002Fmore\u002Fbest-stablecoin-apis-cross-border-payments-2026","Best stablecoin APIs for cross-border payments in 2026: BlindPay, Circle, Stripe, Bridge, and Fireblocks compared","Five stablecoin APIs compared for cross-border payments: primary use case, pre-funding requirement, payout regions, and developer experience, plus how to choose by buyer scenario.",{"path":752,"title":753,"description":754},"\u002Fresources\u002Fmore\u002Fbest-stablecoin-apis-2026","Best stablecoin APIs in 2026: 10 providers compared","Ten stablecoin APIs compared for 2026: BlindPay, Circle, Bridge, BVNK, Fireblocks, Crossmint, Zero Hash, Conduit, Sphere, and Borderless, across rails, custody, pricing, and compliance.",{"path":756,"title":757,"description":758},"\u002Fresources\u002Fmore\u002Fbest-virtual-account-providers-stablecoins","Best virtual account providers for stablecoins in 2026: BlindPay, Bridge, HIFI, Noah, and Conduit compared","Five virtual account providers for fiat and stablecoins compared on deposit rails, settlement chains, account naming, and custody, plus a 30-day test plan.",{"path":760,"title":761,"description":762},"\u002Fresources\u002Fmore\u002Fbusiness-vs-consumer-crypto-on-ramps","Business vs consumer crypto on-ramps: what changes when a company buys stablecoins","A consumer on-ramp sells crypto to one person, usually by card. A business on-ramp turns company bank deposits into stablecoins via an API. What differs.",{"path":764,"title":765,"description":766},"\u002Fresources\u002Fmore\u002Fcrypto-debit-card-vs-stablecoin-card-for-business","Crypto debit card vs. stablecoin card for business: custody, accounting, tax, and controls compared","Why a company should treat crypto debit cards and stablecoin cards differently: budget predictability, custody risk, per-swipe tax events, accounting, and spend controls.",{"path":768,"title":769,"description":770},"\u002Fresources\u002Fmore\u002Fcustodial-vs-self-custodial-stablecoin-cards","Custodial vs. self-custodial stablecoin cards: who actually holds your money?","Who holds the stablecoins behind your card: custodial vs. self-custodial models, smart-account allowances, failure modes, and what August 2026 showed.",{"path":772,"title":773,"description":774},"\u002Fresources\u002Fmore\u002Fdo-you-need-a-crypto-wallet-for-stablecoin-payments","Do you need a crypto wallet to make stablecoin payments?","Who needs a wallet in a stablecoin payment, who doesn't, and how payment providers hide keys, networks, gas, and confirmations from payers and recipients.",{"path":776,"title":777,"description":778},"\u002Fresources\u002Fmore\u002Fdoes-network-change-offramp-quote","Does the blockchain network change your off-ramp quote? What moves and what doesn't","Network and token are inputs to every payout quote. Which quote lines can change by chain, where gas sits, and how to compare two networks fairly.",{"path":780,"title":781,"description":782},"\u002Fresources\u002Fmore\u002Fhow-merchants-accept-stablecoin-payments","How merchants accept stablecoin payments: the complete 2026 guide","To accept stablecoin payments you need a receiving method, an off-ramp to local currency, and a settlement account. The full flow, costs, and options.",{"path":784,"title":785,"description":786},"\u002Fresources\u002Fmore\u002Fstablecoin-payment-orchestration-cross-border-payouts","How stablecoins fit into payment orchestration for cross-border payouts","Stablecoins are a settlement rail inside an orchestration strategy, not a replacement for banking. What changes: pre-funding, settlement time, FX visibility, and last-mile delivery over Pix and SPEI.",{"path":788,"title":789,"description":790},"\u002Fresources\u002Fmore\u002Faccept-bank-transfers-settle-in-stablecoins","How to accept bank transfers and settle in stablecoins using virtual accounts","Accept ACH, wire, and SWIFT and settle in USDC or USDT: the flow, the token, chain, and custody choices, and when a virtual account beats a memo code.",{"path":792,"title":793,"description":794},"\u002Fresources\u002Fmore\u002Fhow-to-choose-a-blockchain-payment-api","How to choose a blockchain payment API: a technical buyer's checklist","Seven checks for a blockchain payment API: SDKs, OpenAPI quality, abstraction level, networks, built-in compliance, local payout rails, and pricing.",{"path":796,"title":797,"description":798},"\u002Fresources\u002Fmore\u002Fhow-to-choose-a-stablecoin-api","How to choose a stablecoin API: the 6 questions that actually matter","Six criteria for evaluating a stablecoin API: pre-funding, compliance automation, local payout rails, settlement speed, developer experience, and pricing transparency, with a scorecard you can send to every vendor.",{"path":800,"title":801,"description":802},"\u002Fresources\u002Fmore\u002Fhow-to-evaluate-a-wallet-integration-provider","How to evaluate a wallet integration provider: 12-point checklist","A 12-point checklist for choosing a wallet or stablecoin payments provider: custody, chains, rails, pricing, compliance, SOC 2, SLAs, and AI tooling.",{"path":804,"title":805,"description":806},"\u002Fresources\u002Fmore\u002Fhow-to-fund-a-stablecoin-card","How to fund a stablecoin card: exchanges, wallet transfers, virtual accounts, and bank deposits","Four ways to fund a stablecoin card, compared by speed, cost, and control: exchange withdrawal, wallet transfer, virtual account deposit, and card top-up.",{"path":808,"title":809,"description":810},"\u002Fresources\u002Fmore\u002Fis-stripe-a-stablecoin-api","Is Stripe a stablecoin API? What a payout API, Stripe, and Bridge each do","Partly. Stripe offers stablecoin checkout and balances, and owns Bridge, a stablecoin infrastructure API. What each covers for cross-border payouts.",{"path":812,"title":813,"description":814},"\u002Fresources\u002Fmore\u002Fis-xrp-a-stablecoin","Is XRP a stablecoin? No, and here is the difference","XRP is not a stablecoin: its price floats freely with the market. Ripple's actual stablecoin is RLUSD. Here is how the two differ and why it matters.",{"path":816,"title":817,"description":818},"\u002Fresources\u002Fmore\u002Fotc-quote-vs-standard-quote","OTC quotes vs standard quotes for large BRL on-ramps: how a 10-second quote works","An OTC quote prices a large BRL to USDT on-ramp through an OTC desk, locks for 10 seconds, and lists fees as lines. When to pick it over a standard quote.",{"path":732,"title":5,"description":710},{"path":821,"title":822,"description":823},"\u002Fresources\u002Fmore\u002Fonchain-liquidity-vs-offramp-liquidity","Onchain liquidity vs off-ramp liquidity: why a deep DEX pool doesn't mean a deep BRL payout","Onchain liquidity is tokens in pools. Off-ramp liquidity is local currency a provider can pay into bank accounts. Why one doesn't predict the other.",{"path":825,"title":826,"description":827},"\u002Fresources\u002Fmore\u002Fstablecoin-api-pricing-explained","Stablecoin API pricing: mint fees, spread, and what you actually pay","The basis-point figure on a stablecoin provider's pricing page rarely matches the invoice, because mint fees, burn fees, spread, and issuer fees usually live below the line the marketing page shows.",{"path":829,"title":830,"description":831},"\u002Fresources\u002Fmore\u002Fstablecoin-api-vs-crypto-payment-gateway","Stablecoin API vs crypto payment gateway: what's the difference?","A crypto payment gateway accepts crypto at checkout. A stablecoin API moves money across borders through code, and neither side needs a wallet.",{"path":833,"title":834,"description":835},"\u002Fresources\u002Fmore\u002Fstablecoin-api-vs-traditional-cross-border-rails","Stablecoin API vs traditional cross-border rails: a plain-English guide for payments teams","A stablecoin API moves money across borders using dollar-pegged tokens like USDC instead of correspondent banks. How the flow works, what no pre-funding means, and a side-by-side table against SWIFT.",{"path":837,"title":838,"description":839},"\u002Fresources\u002Fmore\u002Fstablecoin-card-vs-crypto-debit-prepaid-credit","Stablecoin card vs. crypto debit card vs. prepaid vs. credit: which type of crypto card is which?","Four kinds of crypto card compared: funding source, when conversion happens, tax timing, volatility, fees to check, and who each one suits.",{"path":841,"title":842,"description":843},"\u002Fresources\u002Fmore\u002Fstablecoin-depeg-risk-payments","Stablecoin depeg risk for payment companies: what past depegs teach and how to set limits","A depeg hurts a payment flow only while you hold the stablecoin. What USDC's 2023 depeg and UST's collapse teach, and the limits and triggers to set.",{"path":845,"title":846,"description":847},"\u002Fresources\u002Fmore\u002Fstablecoin-payments-statistics-2026","Stablecoin payment statistics 2026: volume, B2B share, and cross-border data","Sourced stablecoin payment statistics for 2026: real payment volume vs transfer volume, B2B share, domestic vs cross-border, top markets, and chains.",{"path":849,"title":850,"description":851},"\u002Fresources\u002Fmore\u002Fstablecoin-card-statistics-2026","State of stablecoin cards 2026: volume, programs, networks, and risks (data report)","Sourced stablecoin card statistics for 2026: Visa volume and programs, monthly onchain spend, average ticket, chain and token mix, and incidents.",{"path":853,"title":854,"description":855},"\u002Fresources\u002Fmore\u002Ftypes-of-stablecoin-apis","Types of stablecoin APIs: issuer, wallet, orchestration, payout, and non-custodial APIs compared","The five types of stablecoin APIs, what each one does, and who holds the funds and the compliance work in each. Plus how they differ from exchange APIs.",{"path":857,"title":858,"description":859},"\u002Fresources\u002Fmore\u002Fusdc-vs-usdt-for-payments","USDC vs USDT for payments: which should businesses use?","USDC offers stronger reserve transparency and US regulatory posture; USDT offers deeper liquidity in emerging markets. Most payment flows should support both.",{"path":861,"title":862,"description":863},"\u002Fresources\u002Fmore\u002Fvirtual-account-fees","Virtual account fees: every cost between the payer's bank and the stablecoin wallet","Monthly, deposit, wire, SWIFT, conversion, and partner fees on a virtual account: who pays each one, and a worked 10,000 USD wire to USDC example.",{"path":865,"title":866,"description":867},"\u002Fresources\u002Fmore\u002Fvisa-mastercard-stablecoin-settlement","Visa and Mastercard stablecoin settlement explained: what changed in 2025 and 2026","How Visa's USDC settlement and $7B run rate, Mastercard's BVNK deal, and INFINIOS in Bahrain change card settlement, and what stays the same for payouts.",{"path":869,"title":870,"description":871},"\u002Fresources\u002Fmore\u002Fwallet-api-vs-embedded-wallet-sdk-vs-white-label","Wallet API vs embedded SDK vs white-label: which fits?","Compare the three wallet integration models on control, launch time, engineering effort, security, lock-in, and cost, with a five-question decision tree.",{"path":873,"title":874,"description":875},"\u002Fresources\u002Fmore\u002Ftypes-of-crypto-off-ramps","What are the types of crypto off-ramps? Payment APIs, off-ramp wallets, exchanges, OTC desks, and wallet ramps compared","The five kinds of crypto off-ramp compared: who each serves, who holds funds, limits, trade-offs, consumer vs business, and why stablecoins win.",{"path":877,"title":878,"description":879},"\u002Fresources\u002Fmore\u002Fwhat-happens-on-chain-in-a-stablecoin-payment","What happens on-chain in a stablecoin payment? A step-by-step walkthrough","A stablecoin payment in five steps: bank deposit, conversion to USDC or USDT, on-chain delivery to a wallet, payout authorization, and local currency out.",{"path":881,"title":882,"description":883},"\u002Fresources\u002Fmore\u002Frfq-pricing-stablecoin-fx-explained","What is RFQ (request for quote) in stablecoin FX, and how does it relate to payouts?","RFQ is a pricing model where a taker asks approved liquidity providers for executable quotes and takes the best. How it works in stablecoin FX and payouts.",{"path":885,"title":886,"description":887},"\u002Fresources\u002Fmore\u002Fwhat-is-usdc","What is USDC? The dollar-pegged stablecoin explained","USDC is a dollar-pegged stablecoin issued by Circle, backed 1:1 by cash and short-term Treasuries and redeemable for US dollars. How it works and where it's used.",{"path":889,"title":890,"description":891},"\u002Fresources\u002Fmore\u002Fwhat-is-a-stablecoin-api","What is a stablecoin API? Infrastructure explained","A stablecoin API lets businesses move money with stablecoins through code: wallets, conversion, local payout rails, and compliance behind one integration.",{"path":893,"title":894,"description":895},"\u002Fresources\u002Fmore\u002Fwhat-is-a-stablecoin-backed-card","What is a stablecoin-backed card? How spending USDC with a card works, in plain English","A stablecoin-backed card spends USDC or USDT wherever Visa or Mastercard works. The four parts behind it, who does what, and where the money comes from.",{"path":897,"title":898,"description":899},"\u002Fresources\u002Fmore\u002Fwhat-is-a-stablecoin","What is a stablecoin? Definition, types, and how they work","A stablecoin is a digital token designed to hold a fixed value, usually one US dollar. Learn how they stay stable, the main types, and what they are used for.",{"path":901,"title":902,"description":903},"\u002Fresources\u002Fmore\u002Fwhat-is-an-off-ramp-wallet","What is an off-ramp wallet? A deposit address that pays out to a bank account","An off-ramp wallet turns every USDC or USDT deposit into fiat paid to a linked bank account, with no quote or payout call. How it works, fees, minimums.",{"path":905,"title":906,"description":907},"\u002Fresources\u002Fmore\u002Fwhat-is-crypto-wallet-integration","What is crypto wallet integration? A developer's guide","Crypto wallet integration adds wallets, key custody, signing, and compliance to an app. The six components, three integration models, and cost drivers.",{"path":909,"title":910,"description":911},"\u002Fresources\u002Fmore\u002Fwhat-is-stablecoin-card-issuing","What is stablecoin card issuing? How it works, who uses it, and how it differs from crypto debit cards","Stablecoin card issuing explained: how a USDC or USDT balance pays a card merchant in local currency, who runs each layer, and how it differs from a crypto debit card.",{"path":913,"title":914,"description":915},"\u002Fresources\u002Fmore\u002Fwhat-is-stablecoin-infrastructure","What is stablecoin infrastructure? The 8 layers of a stablecoin payments stack","Stablecoin infrastructure is the stack that issues, moves, converts, secures, and checks stablecoins. Here are its 8 layers and who provides each.",{"path":917,"title":918,"description":919},"\u002Fresources\u002Fmore\u002Fstablecoin-card-demand-by-country","Where stablecoin card demand is growing: the US, India, UAE, Vietnam, Pakistan, and beyond","Which countries ask AI about stablecoin cards most, why interest is rising in India, the UAE, Vietnam, and Pakistan, and where local payouts matter.",{"path":921,"title":922,"description":923},"\u002Fresources\u002Fmore\u002Fbest-network-to-off-ramp-stablecoins","Which network should you use to off-ramp stablecoins? Finality, fees, and confirmations by chain","How Ethereum, Polygon, Base, Arbitrum, Solana, Tron, Stellar, Tempo, and Arc compare for off-ramps: time to finality, fee model, and which tokens work.",{"path":925,"title":926,"description":927},"\u002Fresources\u002Fmore\u002Fbest-stablecoin-for-card-spending","Which stablecoin is best for card spending? USDC vs USDT vs euro stablecoins","Which stablecoins power crypto cards in 2026: USDC vs USDT vs euro stablecoins and synthetic dollars, compared on reserves, rules, chains, and support.",{"path":929,"title":930,"description":931},"\u002Fresources\u002Fmore\u002Fwhy-onramp-and-offramp-rates-differ","Why are on-ramp and off-ramp rates different? Bid, ask, and the round-trip cost","Buying stablecoins and selling them back happen at two prices. How bid, ask, and mid-market rates work, and how to calculate a round-trip cost.",1792077655920]