A stablecoin is a type of digital money that works on the internet. It is a feature that allows Mama Money customers to send money directly from their main ZAR wallet to a recipient's stablecoin wallet address on the blockchain.

This provides customers with a new way to transfer funds internationally using stablecoins, which are digital assets designed to maintain a stable value.

How is stablecoin Buy different from other transfer methods?

Stablecoin Buy differs from traditional remittance services, such as sending money to

Mobile wallets
Bank accounts
Cash collection points

Instead of sending funds through these channels, the money is transferred directly to the recipient's stablecoin wallet address on the blockchain network.

Mama Money currently offers 3 types of stablecoins to choose from:
 

USDT—digital money tied to the US Dollar

USDC—also digital money tied to the US Dollar

EURC — digital money tied to the Euro

Not sure which one to choose? Ask your recipient which one their wallet accepts and choose that one — the Mama Money support team can also help you decide.