Stablecoin Payments Glossary

Address Whitelisting

Address whitelisting is a control that restricts withdrawals or transfers to blockchain addresses that have been approved in advance.

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Blockchain Address

A blockchain address is a network-specific identifier used as a source, destination, account, or script reference in blockchain transactions.

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Checkout Integration

Checkout integration embeds a stablecoin payment option into the customer-facing process used to complete an online, in-app, or other digital purchase.

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Compliance Controls

Compliance controls are policies, procedures, systems, and restrictions used by a regulated entity to meet applicable legal and regulatory obligations.

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Counterparty Risk

Counterparty risk is the risk that a party to a transaction or financial arrangement fails to meet its contractual or financial obligations.

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Cross-Border Payments

Cross-border payments are payments in which the payer and payee are located in different jurisdictions or in which the payment flow crosses national payment, banking, or currency systems.

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Custodial Wallet

A custodial wallet is a wallet arrangement in which a third-party service provider controls or administers the private keys or signing authority used to move a user's digital assets.

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Digital Wallet

A digital wallet is software or hardware that manages the cryptographic credentials used to control digital assets and enables users to create, sign, and submit transactions.

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Escrow Payment

An escrow payment is a payment arrangement in which funds are placed under agreed control and released to the beneficiary only after specified conditions are met.

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Exchange Rate Lock

An exchange rate lock is a time-limited commitment by a provider to honor a quoted conversion rate for a specified payment or exchange if the stated conditions are met.

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Fiat Conversion

Fiat conversion is the exchange of a stablecoin or other digital asset for sovereign currency, or the exchange of sovereign currency for a digital asset.

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Foreign Exchange Conversion

Foreign exchange conversion is the exchange of value denominated in one currency for value denominated in another currency at an agreed or quoted exchange rate.

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Internal Ledger Transfer

An internal ledger transfer is a movement of value recorded within an intermediary's own accounting system without an immediate transfer on the underlying public blockchain.

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Invoice Generation

Invoice generation is the creation of a record or payment document that states the amount owed, the payment terms, and the information required to settle the obligation.

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Liquidity Provider

A liquidity provider supplies assets or executable quotes that allow other market participants or payment services to buy, sell, or convert value.

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Mempool

A mempool is a node's local collection of valid or potentially valid transactions that have been received but have not yet been included in the blockchain.

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Merchant Acceptance

Merchant acceptance is the ability and willingness of a merchant to receive a specified payment instrument, including a stablecoin, in exchange for goods or services.

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Merchant Settlement

Merchant settlement is the transfer of payment proceeds to the merchant after a customer transaction has been accepted and processed.

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Off-Chain Settlement

Off-chain settlement is the completion of a transfer or obligation on a ledger or system that is not the public blockchain on which the stablecoin itself is issued.

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On-Chain Settlement

In StablecoinBeat usage, on-chain settlement is the point at which a blockchain or distributed ledger reflects a stablecoin transfer as technically settled under that system's rules.

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On-Off Ramp

An on-ramp converts fiat money or another conventional payment instrument into digital assets, while an off-ramp converts digital assets into fiat money or another conventional form of funds.

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Payment API

A payment API is a software interface that allows an application to programmatically request, initiate, query, or manage payment functions.

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Payment Authorization

Payment authorization is the approval that permits a payment instruction or transfer to proceed under the rules of the relevant account, wallet, or payment system.

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Payment Finality

Payment finality is the legally recognized point at which a transfer of an asset or the discharge of an obligation becomes irrevocable and unconditional under the applicable rules and legal framework.

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Payment Gateway

A payment gateway is the software interface through which a merchant or application sends and receives payment information to and from payment-processing infrastructure.

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Payment Processor

A payment processor is a service provider that performs or coordinates transaction-processing functions between a payer, merchant, financial institution, or settlement system.

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Payment Request

A payment request is a structured message specifying the information a payer needs to complete a payment, such as the amount, asset, destination, network, reference, or expiration time.

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Point-of-Sale Integration

Point-of-sale integration connects stablecoin payment functionality to the hardware or software a merchant uses to calculate, present, authorize, and record a customer purchase.

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Private Key

A private key is secret cryptographic data used to create digital signatures that authorize transactions or prove control of blockchain credentials.

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Programmable Payments

Programmable payments are payment instructions or settlement processes in which software executes, routes, or releases funds when predefined conditions are satisfied.

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Public Key

A public key is cryptographic data mathematically linked to a private key and used to verify digital signatures.

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QR Code Payment

A QR code payment uses a machine-readable two-dimensional code to convey payment information that a customer's device or wallet can scan.

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Recurring Payments

Recurring payments are payments initiated repeatedly according to a schedule or ongoing commercial arrangement, such as a subscription, membership, or installment plan.

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Remittances

Remittances are cross-border person-to-person transfers, commonly sent by migrants or other individuals to family members or households in another country.

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Self-Custody

Self-custody is an arrangement in which the user directly controls the private keys or other signing credentials needed to authorize transfers of digital assets.

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Settlement Risk

Settlement risk is the risk that settlement does not occur as expected, exposing a party to loss after it has already performed or become obligated to perform its side of a transaction.

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Stablecoin Payments

A stablecoin payment is a transfer of value in which a stablecoin is used as the payment or settlement asset between parties.

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Subscription Billing

Subscription billing is the commercial process used to calculate, schedule, collect, reconcile, and manage recurring charges for an ongoing product or service.

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Transaction Confirmation

Transaction confirmation is evidence that a blockchain transaction has been accepted into the ledger and, depending on the network, has received additional blocks, votes, or attestations that increase confidence in its persistence.

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Transaction Monitoring

Transaction monitoring is the ongoing analysis of payment activity to identify patterns, counterparties, or events that may require investigation under an institution's compliance and risk framework.

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Treasury Payments

Treasury payments are transfers initiated by a business or institution to manage corporate cash, liquidity, obligations, or funding across accounts, entities, suppliers, or financial counterparties.

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Webhook Notification

A webhook notification is an event-triggered HTTP message sent by one software system to a preconfigured endpoint in another system.

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