What it means
Turning stablecoins back into money in your bank account.
A regulated provider takes the tokens and sends a bank transfer in their place, after checking your identity.
How it works
In Defied, where available, you withdraw EURC to your bank by SEPA through Bridge.xyz.
Related terms
| Term | What it means |
|---|---|
| On-ramp | Turning money from your bank account into stablecoins. |
| SEPA | Single Euro Payments Area: the system for euro bank transfers across the EU and nearby countries. |
| KYC | Know your customer: the identity check a regulated company must do before it can move money between you and your bank. |
This glossary explains terms in general. It isn't investment, tax or legal advice.