4 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 chaincode (smart contract) deployed across Oracle Blockchain Platform instances for issuers, custodians, and participating institutions. All assets can be provisioned and managed on Oracle Cloud Infrastructure (OCI) in your tenancy or across the tenancies of system participants.

The stablecoin sample defines the life cycle of a stablecoin in the financial ecosystem. The specification file uses the extended Token Taxonomy Framework (TTF) standard that is supported by Blockchain App Builder. The generated chaincode 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.

• Blockchain App Builder specification files
• Pre-built stablecoin chaincode
• Wrapper APIs for stablecoin setup and lifecycle operations
• A sample Oracle Analytics dashboard

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