Remittance

Credible offers fast, affordable remittances with crypto-backed credit lines, sending stablecoins across borders and settling in fiat, reducing fees and ensuring global access.

Credible also provides remittance solutions for individuals who need to send money across borders quickly and affordably. Using crypto-backed credit lines, users can send funds in stablecoins, ensuring fast, cost-effective transactions that are settled in fiat currencies.

How It Works:

• Collateralization: Users provide collateral in the form of crypto assets or tokenized RWAs to secure the credit line.

• Stablecoin Transfers: Funds are sent in stablecoins to ensure stable, predictable values for cross-border transactions.

• Fiat Settlement: Transfers are converted to fiat currencies and received by the recipient through local fintech partners, making the funds accessible in their local currency.

Benefits:

• Low-Cost Transfers: Using crypto-backed stablecoins significantly reduces transfer fees compared to traditional remittance services.

• Speed and Efficiency: Transactions are processed quickly, allowing for near-instant transfers across borders.

• Global Accessibility: Recipients can receive funds in their local fiat currency via Credible’s network of licensed fintech partners.