Making a balance spendable
A stablecoin balance is only useful if it can be spent where people already spend. That means card issuance — physical and virtual, white-label, ready in minutes — and provisioning into Apple Pay and Google Wallet, so the balance reaches the terminal rather than the other way round.
Authorisation logic is applied per transaction. The account keeps its own spend rules, limits and recovery, so what the card may do is a property of the account rather than a setting held by an issuer.
The account decides what the card may do — not the issuer.
On- and off-ramps that close the loop
Spending is half a loop. The other half is IBANs and local rails, in and out, with settlement between stablecoin and fiat handled underneath and partner banks under a single contract.
$180m+ has been processed to date. The number matters less than what it demonstrates: that an end-to-end decentralised flow can bypass traditional gatekeepers while remaining compliant with global standards.
