Stablecoin Settlement
Protecting funding value, safely
A direction for how normal builder campaigns could protect value in a stable asset. It is not live, executes no swaps, and holds no custody.
Why ADA volatility matters
Builders express goals in USD, but contributors fund in ADA. Between contribution and settlement, the ADA/USD rate moves. A campaign that looks funded today can fall short tomorrow — or the value a builder receives can drift from the goal they set. Stable-value protection is a direction for reducing that exposure, so support holds closer to its intended value.
ADA contribution to stable-value protection
The planned path, end to end. The oracle provides a reference price and proof — it never executes a swap. Conversion steps are future and not built.
- 1
Contributor funds a campaign in ADA
Today (demo)A contributor backs a normal builder campaign in ADA. (Today this is a demo; no real contributions are accepted.)
- 2
Oracle records an ADA/USD reference
Today (demo)The Charli3 ADA/USD oracle provides a reference price and proof — a verifiable record of value at that moment. The oracle never executes a swap.
- 3
The contribution is accounted
PlannedThe contribution and its USD-reference value are recorded for transparent, auditable accounting.
- 4
A future protection route protects value in a stable asset
FutureA future, separately-approved route would convert or protect value in a stable asset such as USDCx. This does not exist yet and executes no swaps.
- 5
Settlement, release, or refund is reported publicly
FutureOutcomes — release to the builder or return to contributors — are intended to be reported publicly with their oracle proof. Not live.
Candidate stable asset
USDCx is a primary candidate; a suitable Cardano-native stable asset may be used as a fallback. The choice is subject to research and is not final.
USDCx
Primary candidateA leading candidate for Cardano-native stable-value protection, subject to research and review.
Suitable stable asset
FallbackAnother suitable Cardano-native stable asset may be used where appropriate. The choice is not final.
Swaps carry real risk — and none is live
If stable-value protection is ever built, converting ADA to a stable asset would carry the risks below. There is no live swap today, and no conversion is guaranteed.
Slippage risk
The executed price can differ from the quoted price, especially for larger amounts or thin markets.
Route / liquidity risk
A viable route may not exist, or liquidity may be insufficient to convert at an acceptable price.
Failed transaction risk
An on-chain transaction can fail or expire; the flow must handle retries and clear failure states.
Stable asset risk
A stable asset can de-peg or carry issuer, contract, or bridge risk. Stability is never guaranteed.
Accounting / audit requirement
Every step must be recorded for transparent, auditable reporting — amounts, references, routes, and outcomes.
No guaranteed conversion
There is no promise that a conversion will succeed, complete in full, or achieve a particular value.
No live swap is currently available. Nothing here moves funds, executes a conversion, or guarantees a stable value.
Governance deposit pools are different: ADA stays ADA
Stable-value protection applies only to normal builder campaigns. Governance-action deposit pools are a separate path where ADA stays ADA — deposit principal is never converted into a stable asset, and it is intended to be returned pro rata in ADA after finalization. See the governance pools direction.
Current status
Not live. There are no real swaps, no production custody, no KYC/KYB flow, and no production settlement. Stable value is never guaranteed. This page describes intended architecture and direction only — nothing here is legal, tax, or financial advice. See status & roadmap.