- 3 min read
Stablecoins, SEP-24, SEP-31 and Stellar: The Future of Global Payments Has Arrived
Contents
- 3 min read
Welcome to a world where money moves at the speed of light, with no borders, no middlemen, and no friction. If you’ve been tracking the evolution of blockchain and decentralised finance, you already know that Stellar isn’t just another Layer 1. It’s the backbone for fiat-to-crypto and cross-border stablecoin transactions, and it’s doing it with powerfully standardised protocols: SEP-24 and SEP-31.
If you’re building a global fintech platform, payment app, wallet, or even a full-fledged banking solution, understanding and leveraging Stellar’s SEP ecosystem could be your golden ticket.
🌐 The SEP Family Breakdown
- SEP-24: Hosted Deposit & Withdrawal — An interactive on-ramp/off-ramp UI. Think of it as Stripe Checkout but for fiat-to-Stellar operations.
- SEP-31: Cross-Border Payments — Enables compliant fiat transfers across borders using Stellar as the bridge.
- SEP-12: The backbone for KYC and KYB data exchange.
- SEP-10: Web authentication via Stellar accounts.
When used together, they enable seamless integration for fiat on/off ramps, cross-border settlements, and trusted identity sharing between wallets, anchors, and banks.
🚀 Top Stablecoins on Stellar Using SEP-24/31
Let’s dive into the real-world players already leveraging this framework:
1. USDC (USD Coin) by Circle
- One of the world’s most trusted stablecoins.
- Fully supported on Stellar.
- Supports SEP-24 flows for interactive deposits and withdrawals.
- Circle anchors (and partners like Stably) enable real-time fiat<>USDC conversions.
2. EURC / EURT / EURB
- EURC: The Euro version of USDC.
- EURT: Issued by TEMPO France, fully regulated and operating via SEP-24.
- EURB: Issued by Bankhaus von der Heydt (Bitbond), a banking-grade Euro stablecoin with seamless DEX integration.
3. NGNT (Nigerian Naira Token)
- Issued by Cowrie Exchange.
- KYC-compliant and backed 1:1 with Naira in local bank accounts.
- SEP-24 enables Nigerians abroad to send money home in real-time without banks.
4. AUDD (Australian Dollar Stablecoin)
- Issued by Novatti, a licensed payments provider.
- Offers full compliance with Australian regulations.
- Uses SEP-12 for KYC, SEP-24 for deposit/withdrawal, and SEP-31 for remittances.
5. Precious Metal Tokens
- GOLD, SILVR, PLAT, PALL — all backed by real assets.
- These tokens represent ownership of physical metals.
- Support SEP-24 off-ramps for physical redemption.
🛠️ How It Works Technically
✅ For Wallets or Apps:
- Discover Anchor via
stellar.tomlfile. - Authenticate using SEP-10.
- Use SEP-24 to initiate deposit/withdrawal flows.
- Submit or retrieve KYC data using SEP-12.
- For cross-border use cases, call SEP-31 to push fiat payments through compliant rails.
✅ For Anchors or Banks:
- Implement SEP-24 & SEP-31 endpoints.
- Integrate a web interface for users to complete KYC and funding.
- Leverage the Anchor Platform SDK to reduce development overhead.
- Enable wallet partners to initiate flows directly from their app.
🌍 Real-World Applications
1. Global Remittances
- Migrants and students can send money home instantly using a compliant, low-fee bridge.
2. Cross-Border Commerce
- Businesses can pay freelancers or suppliers worldwide without worrying about currency conversion or settlement delays.
3. Embedded Finance
- Web3 platforms can embed fiat ramps directly into their product with zero banking infrastructure.
4. DeFi-to-Fiat Off-Ramps
- Allow users to move from DEX assets back into fiat with minimal friction.
🔒 KYC & Compliance Built In
SEP-12 enables flexible, compliant KYC data sharing:
- One-time verification across multiple anchors.
- Real-time updates to reflect user data.
- Anchors define what information is required, and wallets pass it securely.
With SEP-31, full transaction metadata and compliance data are embedded — perfect for regulated jurisdictions.
🔧 What You Need to Implement This
- A Stellar wallet or app front end
- Stellar SDK (JavaScript, Python, Go, etc.)
- Integration with SEP-10/12/24/31 endpoints
- Anchor Platform for fast-track compliance
- An issuing account for your own asset (if launching a new stablecoin)
💡 Building Something Cool?
We’ve been deep in blockchain and Stellar tech since 2010. Whether you’re building:
- A cross-border wallet
- A stablecoin
- A DeFi on/off ramp
- An AI-powered fintech tool
- A crypto-banked neobank
We’ve done it before — and we’ll do it again with you.
📞 Contact Digital One Agency
Let’s make it real. If you’re building something serious and innovative with Stellar, stablecoins, or DeFi tech — we want to talk to you.
📧 Email: contact@digitaloneagency.com.au
🌐 Website: https://digitaloneagency.com.au
📞 International (24/7): +61290579079
Apply now. Let’s build the future of finance together.
Need Custom AI & RAG Pipelines in Australia or the UK?
Digital One Agency is a senior, founder-led engineering team based in Australia (Gold Coast HQ) with active UK clients in London, Manchester and Edinburgh. We build production RAG pipelines and bespoke AI systems — fine-tuning, vector search, evaluation harnesses included.
- Free 30-minute discovery call with a senior engineer
- Fixed-scope quote with milestone billing — no hourly rates
- AU & UK references on request
- Bespoke code you own — not a SaaS reseller, not a ChatGPT wrapper
Book your free discovery call → Or send us your project details
Share
- Get in touch
Kickstart a project today!
Fill out the form, and a member of our team will reach out to discuss your project and answer any questions you might have.
