What it means
Turning money from your bank account into stablecoins.
A regulated provider receives your bank transfer and sends the same value in tokens to your wallet.
How it works
In Defied, where available, you send euros to your personal IBAN and they arrive as EURC.
Related terms
| Term | What it means |
|---|---|
| Off-ramp | Turning stablecoins back into money in your bank account. |
| IBAN | International Bank Account Number: the account number banks in Europe use to send and receive money. |
| SEPA | Single Euro Payments Area: the system for euro bank transfers across the EU and nearby countries. |
This glossary explains terms in general. It isn't investment, tax or legal advice.