The user can perform three types of transfers/conversions:

• Onramp Fiat to Stablecoin: Convert fiat currency from an onramp bank account to stablecoin.
• Transfer Stablecoin to Stablecoin: Transfer stablecoin between users or wallet addresses.
• Offramp Stablecoin to Fiat: Convert stablecoin to fiat currency and send it to an offramp bank account.

To learn more about how to perform a transfer, refer to the Quickstart Guide (Sandbox). Transfers are categorized into two main types: quote-based transfers and non-quote-based transfers.

None-Quote-Based Transfers

A non-quote-based transfer is executed immediately based on the current market exchange rate. For example, when off-ramping from USDC to USD, the conversion rate is 1:1. The destination bank account will receive the USD equivalent of the converted amount, minus any applicable fees.

Quote-Based Transfers

A quote-based transfer involves two steps: Create Transfer Quote and Accept Transfer Quote.

• Create Transfer Quote: Generates a quote for the user to review, including details such as exchange rates.
• Accept Transfer Quote: Requires the user to accept the quote within a specified time frame to initiate the transfer using the provided quote terms.