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 GrabrFi account has two balances: a USD checking account and a stablecoin wallet. The stablecoin wallet holds USDB or USDC (depending on your country) and lets you send and receive stablecoins directly.
You can also send stablecoins from your USD checking account, which converts dollars to the selected stablecoin via ACH.
Learn more: What is the GrabrFi Stablecoin Wallet?
Two ways to use stablecoins with GrabrFi
Stablecoin wallet
Hold a stablecoin balance (USDB or USDC) and send or receive directly on supported blockchains. This is the fastest option for stablecoin transfers.USD checking account
Send stablecoins by converting from USD (ACH processing). Receive stablecoins with auto-conversion to USD. This follows the same process used before the wallet launch.
You can convert between your checking account and wallet at any time. See How to Convert Between USD and Stablecoins.