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Testnet only: a reference implementation, not a production service. Tokens and bank transfers here are simulated and have no value.
Stablecoin ReferenceSign up on Testnet
A reference issuer, running on Stellar Testnet

What the issuer does, from wire to payout

A bank wire becomes USDX in a wallet, USDX moves and redeems, and the reserves behind it are signed for anyone to check.

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Transcript

With Stablecoin Reference, a business mints USDX from a wire, pays with it on Stellar, and redeems it to its bank. A mock wire with the right reference becomes USDX in the Treasury wallet, with a transaction hash. From there it moves like any Stellar asset: Treasury pays Partner A directly. To redeem, tokens go to a one-time address, are burned, and the mock bank pays out the dollars.

How it works

Follow one dollar from a bank wire to a wallet and back

  1. A wire arrives

    Its reference matches a mint request.

  2. The reserve check

    Reserves and headroom are checked here, before any mint.

  3. USDX is minted

    Only after the reserve check beside it.

  4. It lands in a wallet

    With a transaction hash on the ledger.

  5. It moves

    Wallet to wallet, like any Stellar asset.

  6. It's burned

    Sent to a one-time address to redeem.

  7. Dollars go out

    Only after the burn is confirmed.

What it does

The four jobs of an issuer, each with its own page

Under the hood, the parts you can swap

The components, the signer boundary, and the interfaces you can swap: reserve sources, settlement rails, signers and KYC providers.

See the architecture