The Stablecoin Payment Service is provided by DogPay to enable merchants to process payments using stablecoins (such as USDT and USDC). Merchants can choose to receive payments in fiat or stablecoins.

Core Value:

• Removes centralized clearing and settlement intermediaries in fiat payments

• Eliminates exchange rate volatility, enabling instant settlement

• Reduces cross-border payment costs

Use Cases:

• E-commerce: cross-border e-commerce, high-value and luxury goods

• Virtual Services: SaaS subscriptions, online services

• Gaming: virtual item purchases, NFT trading

Security Mechanisms:

• Cold/Hot Wallet Separation: 95% of funds stored offline, 5% available for real-time payments

• Multi-signature Authorization: requires 3 out of 5 private keys to move funds

• Real-time Monitoring: suspicious transactions automatically frozen

• Address Whitelisting: restricts merchant withdrawals to pre-approved addresses only

• KYC/AML: merchants must pass identity verification; transactions are traceable on-chain

• KYT: each transaction and address undergoes risk assessment and traceability to avoid legal risks