7 Stablecoin Application

The stablecoin sample application and related packages support transaction scenarios for fiat-backed digital currency.

The stablecoin application is designed for use by commercial banks, fintech organizations, and payment service providers to enable more secure tokenized representations of fiat currencies in digital form. Stablecoins can be used in scenarios where low-volatility reserves-backed digital assets support faster settlements and cross-border payments while maintaining trust and price stability. This stablecoin solution can be implemented using the pre-built stablecoin smart contract deployed across instances for issuers, custodians, and participating institutions.

The stablecoin sample defines the life cycle of a stablecoin in the financial ecosystem. The contract uses the extended ERC-20 standard that is supported by Blockchain App Builder. The generated contract includes methods for initializing the stablecoin token, managing accounts, assigning roles, and completing transactions such as minting, transferring, and burning. It also supports maker-checker approvals for critical actions, account-level daily limits, and auditing, and includes know your customer (KYC) and anti-money laundering (AML) policies, restriction flags, and multi-level approval flows for different transaction amount levels.

The stablecoin solution comprises the following downloadable packages.

• Pre-built stablecoin smart contract
• Wrapper APIs for stablecoin setup and lifecycle operations

To get the stablecoin package, in the Oracle Blockchain Platform Enterprise Edition console select the Digital Assets tab and then select Stablecoin Application.