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 Money?
You’ll find the local stablecoins supported by World Money in the Home tab of your app.
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:
In the Home tab on World Money, you can view your Stablecoin balances.
Tap See all to see the Local Stablecoin you want to buy or tap Explore other currencies to select one.
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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