Overview
A stablecoin is a type of cryptocurrency designed to keep its value steady over time, unlike volatile cryptocurrencies such as Bitcoin or Ethereum. Stablecoins are usually tied to a traditional asset —also known as fiat currency— such as the US Dollar (USD) or Euro (EUR).
A Local Stablecoin is a stablecoin that mirrors the value of a specific country’s official currency. For example, wARS reflects the value of the Argentine Peso (ARS). These tokens make it easier for users to transact in familiar currencies while staying on-chain.
Which Local Stablecoins are supported on World App?
You’ll find the local stablecoins supported by World App in the Cash tab of your Wallet.
You can add any supported Local Stablecoin, even if you live in a country that uses a different fiat currency.
However, you can only purchase a Local Stablecoin via bank transfer if the transfer is made in the same fiat currency. If it isn’t, you can still get the Local Stablecoin by swapping from another supported asset (such as USDC).
To add a Local Stablecoin, follow these steps:
Go to Cash from the Wallet tab.
Tap the Explore other currencies button.
Choose the Local Stablecoin you want to add.
How can I use Local Stablecoins for transactions?
Local Stablecoins work like any other cryptocurrency: they can be sent and received as long as the asset is supported by both the sender and the receiver.
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