What are stablecoins?
Stablecoins are digital assets designed to maintain a stable value, usually pegged 1:1 to the U.S. dollar. Each unit represents one U.S. dollar or an equivalent reserve held by the stablecoin issuer.
GrabrFi supports USDC (USD Coin), USDT (Tether), PYUSD (PayPal USD), and USDB (a USD-pegged stablecoin issued by Bridge, a Stripe company). Learn more about USDB. These tokens combine the stability of traditional money with the flexibility of blockchain technology, allowing you to move your funds globally without currency fluctuations or high wire fees.
GrabrFi does not issue its own stablecoin. Instead, your stablecoin transactions are processed through Bridge, a regulated partner that operates under financial licenses in different regions.
How stablecoins work with GrabrFi
Your global account holds your balance as digital dollars (USDB or USDC, depending on your country of residence). USDB and USDC are US dollar stablecoins, so your balance is designed to stay equal to the US dollar.
With your global account, you can:
Send stablecoins directly to an external address on supported blockchains.
Receive stablecoins to your account. Incoming stablecoins are automatically converted to your account balance.
Receive US dollars by ACH or wire, which are automatically converted to digital dollars in your account.
GrabrFi does not issue its own stablecoin. Your stablecoin transactions are processed through Bridge, a regulated partner. Learn more: What is the global account?