The stablecoin on-ramp
On-ramping custom stablecoins is a challenge. A logical stablecoin on-ramp should look and feel like everyday money movement:
$1 to $1. Put $100 in, get $100 in stablecoins.
Feels like topping up or depositing money in any fintech product.
Work on-chain or off-chain, with freedom to select custodial or non-custodial wallets.
Most stablecoin on-ramps don’t work like this today and the fees are prohibitive to bring everyday users to new blockchains and stablecoins. To be fair, there is absolutely nothing wrong with charging fees but when it holds back adoption we feel like it requires special attention.
As a result, we’re developing an on-ramp solution alongside partners for new stablecoins that looks like any other deposit workflow you’ve used. The on-ramp will be configurable to whatever chain and assets your experience is designed for. Initially, you’ll be able to select USDGLO, SBC, or any Brale isssued stablecoin as the receiving asset.
Built in partnership with leading fintechs, the experience will be the same one you’re used to with leading companies like Coinbase, Venmo, Acorns, and others. It’ll just be in your app.
Brale was founded to reduce the barriers of entry to using new technologies and we think an on-ramp like this is important to stablecoin growth. Stablecoins don’t reinvent money, they just extend it, and it’s high time some of the regular payment workflows that benefit all of the fintech universe made their way more ubiquitously to the stablecoin universe.
This product is in development, and we’d love to hear your feedback. If you’d like to get access to the product for early testing when it’s available, please reach out to our team.
To learn more about the on-ramp, schedule time with our team.