Glossary

Glossary

Quick definitions for terms used across this help center.

• Stablebond — A tokenized government bond that earns the underlying bond’s yield as you hold it; backed 1:1 by the real bond.

• Reward-bearing — Your token count stays the same while each token’s value rises over time. (Contrast: rebasing, where the count grows.)

• Yield / APY — The return the underlying bond pays, expressed as an annual percentage. It accrues continuously into the token’s value.

• NAV (net asset value) — A Stablebond’s underlying value, from the bond, via a price feed. It rises as yield accrues.

• On-ramp — Buying with local currency from a bank (e.g. SPEI, PIX).

• Off-ramp — Cashing out to local currency in a bank account.

• Stablecoin — A token designed to hold a fixed value (about one US dollar), such as USDC or USDT.

• Bridge — Moving a token from one chain to another.

• Market liquidity — The pool of funds available to swap into/out of a token on a given chain.

• Slippage / price impact — The difference between the expected and executed price; large orders on thin pools move the price.

• “Insufficient Liquidity” — A message meaning the pool can’t fill your order at an acceptable price right now.

• Purchase order — A way to buy when instant liquidity is short; settles in about T+5.

• Redemption receipt — A record in your wallet of what you’re owed after requesting an on-chain redemption.

• T+1 / T+5 — Settlement timing: T+1 = by the next business day; T+5 = up to about five business days.

• SPEI — Mexico’s bank transfer system (used for MXN).

• PIX — Brazil’s instant payment system (used for BRL).

• CLABE — An 18-digit Mexican bank account number.

• CURP / RFC — Mexican personal (CURP) and tax (RFC) identifiers used for identity verification.