Stablecoin testing
BETAProve Your Stablecoin Corridors End to End
Real endpoints, real settlement, real evidence. We validate stablecoin payment corridors across five clearly defined stages, with compliance screened before any tokens move, so your corridor is evidenced before go-live rather than assumed.
- Screened before tokens move
- 1:1 reserve-backed tokens
- On-chain settlement in seconds
Proof of concept (draft). Provider names are illustrative examples only and do not imply a partnership, integration or endorsement.
Stablecoin Testing is a PennyCent service, alongside cross-border payment testing. As the service launches, it will draw on PennyCent's verified tester network across 170 countries and territories for the wallet, off-ramp and settlement endpoints needed to prove each corridor end to end. Stablecoin Testing is currently in beta.
PennyCent has no stake in the corridors it validates. The evidence is independent.
- Corridor Stages
- 5
- On-Chain Settlement
- Seconds
- Stages Covered by One Network Partner
- 3
- Countries of Endpoint Reach via PennyCent (launching)
- 170
Why Stablecoins
A Corridor Designed Stage by Stage
Every leg of the payment has a named owner, a defined control and a clear hand-off, so the corridor can be evidenced end to end rather than assumed.
Settlement in Seconds
Once compliance checks clear, a public blockchain settles the transfer directly between wallets, without waiting on correspondent banking hours.
- Public chain settlement
- No correspondent chain
- Traceable on-chain record
Compliance Before Movement
Sanctions screening and Travel Rule checks are completed at stage two, before any tokens leave the on-ramp.
- Sanctions screening
- Travel Rule data
- Checks precede transfer
Local Currency on Arrival
An off-ramp converts the stablecoin into local currency so the recipient is paid into an ordinary bank or mobile-money account.
- Off-ramp conversion
- Local bank payout
- Mobile-money payout
What We Validate
The Five Stages of the Corridor
From fiat on-ramp to local settlement: this is what we test at each stage, with example providers and one worked corridor showing it end to end.
- Stage 1
On-Ramp
The payer and a licensed on-ramp or exchange convert fiat into stablecoin.
Example providers- BVNK
- Stripe
- Stage 2
Compliance
Sanctions screening and Travel Rule checks are completed before any tokens move.
Example providers- Notabene
- Elliptic
- Stage 3
Blockchain
A public network settles the transfer, and the issuer backs the token 1:1 in reserves.
Example providers- Ethereum
- Polygon
- Solana
- Circle (USDC)
- Tether (USDT)
Network Partner endpoint: On-chain wallet - Stage 4
Off-Ramp
The recipient and an off-ramp convert the stablecoin into local currency.
Example providers- Yellow Card
Network Partner endpoint: Off-ramp account - Stage 5
Settlement
Funds land in a local bank account or mobile-money account.
Example providers- Local partner bank
- MoneyGram (via Stellar)
Network Partner endpoint: Local bank account Proof of concept (draft). Provider names are illustrative examples only and do not imply a partnership, integration or endorsement.
Worked Corridor
United Kingdom to Brazil, End to End
One corridor, followed from the payer's bank account to the recipient's local account.
- 1
UK marketing agency
The payer sends GBP.
- 2
Funds → USDC
On-ramped to stablecoin.
- 3
Public blockchain
Settles in seconds.
- 4
USDC → BRL
Off-ramped on arrival.
- 5
Brazil freelancer
Paid to a local account.
Endpoint role: Network Partner
Currencies in the worked corridor
- GBP
- USDC
- BRL
The Network Partner
One verified Network Partner covers the endpoints for stages 3 to 5: the on-chain wallet, the off-ramp account and the local settlement account, so the corridor is designed to be proven end to end before go-live rather than modelled on paper. Network Partners will be drawn from the PennyCent verified tester network at launch.
About PennyCent Network Partners- 3 · Blockchain
On-chain wallet
A wallet address that can receive the stablecoin leg of the transfer.
- 4 · Off-Ramp
Off-ramp account
An account with an off-ramp provider that converts stablecoin into local currency.
- 5 · Settlement
Local bank account
A local bank or mobile-money account that receives the final settled funds.
Corridor Reach
One POC Corridor, Many Possible Destinations
The proof of concept is designed around a single corridor from the United Kingdom to Brazil. The regions below are indicative of where a stablecoin corridor could be extended. They are not live corridors today.
GBP on-ramped to USDC, off-ramped to BRL and settled to a local account.
Funds arrive in an ordinary local bank account or a mobile-money wallet.
Additional corridors would each need their own on-ramp, off-ramp and compliance coverage.
Networks and tokens referenced in the proof of concept
- Ethereum
- Polygon
- Solana
- Stellar
- USDC (Circle)
- USDT (Tether)
Proof of concept (draft). Provider names are illustrative examples only and do not imply a partnership, integration or endorsement.
Frequently Asked Questions
How the stablecoin corridor works, stage by stage
General
Common questions about the stablecoin proof of concept
It is a single, end-to-end cross-border payment designed to be proven in practice: fiat is converted into a stablecoin, compliance checks are completed, the transfer settles on a public blockchain, and the funds are converted back into local currency and paid into a local account. The worked corridor is designed around the United Kingdom to Brazil.
On-Ramp converts fiat into stablecoin. Compliance completes sanctions screening and Travel Rule checks before tokens move. Blockchain settles the transfer on a public network with the token backed 1:1 by its issuer. Off-Ramp converts the stablecoin into local currency. Settlement pays the funds into a local bank or mobile-money account.
Sanctions screening and Travel Rule checks are completed at stage two, before any tokens are moved on-chain. Screening the transfer before settlement means a blocked payment never reaches the blockchain leg.
No. Every provider named on this site is an illustrative example of the type of service used at that stage of the corridor. Naming a provider does not imply a partnership, integration or endorsement.
The proof of concept references public networks including Ethereum, Polygon, Solana and Stellar, with USDC (Circle) and USDT (Tether) as the stablecoins. The worked corridor uses USDC as the transfer token.
The proof of concept covers one corridor, from the United Kingdom to Brazil. Other regions shown on this site are indicative of where a corridor could be extended; each additional corridor needs its own on-ramp, off-ramp and compliance coverage.
Get in touch through our contact page and we will share the current status of the proof of concept and what taking part as a Network Partner involves.
Corridor stages
How a payment moves through the five stages of the stablecoin corridor
The payer funds the transfer in their own currency and a licensed on-ramp or exchange converts that fiat into a stablecoin. Illustrative examples of this type of provider include BVNK and Stripe.
Sanctions screening and Travel Rule checks are completed before any tokens move on-chain, so a blocked transfer never reaches the blockchain leg. Illustrative examples of this type of provider include Notabene and Elliptic.
The stablecoin transfer settles on a public network such as Ethereum, Polygon or Solana, typically in seconds. The token issuer, for example Circle for USDC or Tether for USDT, backs the token 1:1 in reserves.
An off-ramp provider receives the stablecoin and converts it into the recipient's local currency. Yellow Card is an illustrative example of this type of provider.
Settled funds are paid into an ordinary local bank account or a mobile-money account, so the recipient does not need to hold or manage any crypto. A local partner bank, or a route such as MoneyGram via Stellar, are illustrative examples.
A UK marketing agency sends GBP, which is on-ramped into USDC. The transfer settles on a public blockchain, is off-ramped into BRL on arrival, and is paid into the local account of a freelancer in Brazil. That endpoint role is played by a Network Partner in the proof of concept.
Network Partner
What a Network Partner provides across the blockchain, off-ramp and settlement stages
A verified Network Partner who will provide the endpoints for the final three stages of the corridor, so the flow is designed to be evidenced end to end with real accounts rather than modelled on paper.
Three: an on-chain wallet that can receive the stablecoin leg (stage 3), an account with an off-ramp provider that converts stablecoin into local currency (stage 4), and a local bank or mobile-money account that receives the settled funds (stage 5).
No. The stablecoin is received and off-ramped as part of the corridor run. The purpose of the wallet is to prove the blockchain leg reaches a real endpoint, not to hold a position.
Get in touch through our contact page. We will explain the current status of the proof of concept, what is expected of a Network Partner, and the checks involved before any corridor run.
Want to See the Corridor in Action?
Talk to us about the stablecoin proof of concept, or about providing the wallet, off-ramp and settlement endpoints as a Network Partner.