#StablecoinPayments Own stablecoins: Both the sender and the receiver must have a cryptocurrency wallet that supports the stablecoin in question. They can be acquired on cryptocurrency exchanges, often by exchanging traditional currencies or other cryptocurrencies.
* Initiating the transaction: The sender, wanting to make a payment, initiates the transaction from their wallet. To do this, they must provide the receiver's wallet address and the amount of stablecoins they wish to send.
* Signing the transaction: The sender must "sign" the transaction with their private key. This digital signature confirms that they authorize the transfer and ensures the security of the transaction.
* Sending to the blockchain network: The signed transaction is sent to the blockchain network on which the corresponding stablecoin operates. Most popular stablecoins operate on existing blockchains, such as Ethereum, Solana, or BNB Chain.
* Verifying the transaction: The blockchain network, composed of multiple computers (nodes), verifies the transaction. This process includes checking that the sender has sufficient funds and that the signature is valid. Depending on the consensus mechanism of the network (e.g., Proof-of-Work, Proof-of-Stake), the transaction is added to a new block.