April 26, 2026
What are stablecoins (USD₮), and how do I use them in EXTRA SAFE?
Stablecoins are digital dollars – crypto assets pegged 1:1 to fiat currency. They move on blockchain rails but hold a stable USD value.
Stablecoins combine the stability of fiat currencies like USD with the speed and transparency of blockchain networks. A dollar in stablecoin form moves in seconds, across borders, for cents – with no bank in between.
In EXTRA SAFE, stablecoins are the natural medium for everyday transfers: send USD₮ to a contact in chat just like sending a photo. The recipient gets digital dollars they can hold, transfer, or eventually convert to local currency.
USD₮ (Tether) is the most widely used stablecoin globally. USDC (Circle) is known for higher regulatory transparency. Both are backed one-to-one by US dollar reserves and supported across blockchain networks.
Can stablecoins lose their peg to the dollar?
Major stablecoins like USD₮ and USDC are designed to maintain a 1:1 USD peg and are backed by reserves. De-pegging events have been rare for major issuers, but no financial instrument carries zero risk. EXTRA SAFE does not take any position on the creditworthiness of stablecoin issuers.