Assets terms in the payments glossary
Assets terms, each a short page that opens with the answer.
Stablecoin
A cryptocurrency designed to hold a stable value by pegging to another asset, usually the US dollar, and backed one-for-one by reserves.
On-ramp and off-ramp
The conversion points between fiat and digital assets: an on-ramp turns dollars into stablecoins, an off-ramp turns stablecoins back into dollars.
Mint and burn
How stablecoin supply tracks its reserves: issuers mint new tokens when dollars come in and burn tokens when dollars are redeemed.
Reserve attestation
An independent accountant’s report verifying that a stablecoin issuer’s reserves matched the tokens in circulation as of a point in time.
Cold storage
The practice of holding digital assets with private keys kept offline, out of reach of the internet, and of any automated system that could be compromised.
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