Glossary

Stablecoin sandwich

A transaction model where an on-chain stablecoin transfer is preceded by a fiat-to-stablecoin conversion (on-ramp) and followed by a stablecoin-to-fiat conversion (off-ramp).

Source: Are Stablecoins Efficient for Remittances? Evidence from a Mystery Shopping Exercise by Banca d’Italia (European Central Bank) · p.9

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