A Fiat Onramp is a service or platform that allows individuals to convert traditional government-issued currency into digital assets. These services typically facilitate the purchase of cryptocurrencies like Bitcoin or Ethereum using methods such as bank transfers, credit cards, or other conventional payment channels. They serve as a crucial gateway for new participants entering the cryptocurrency market.
Context
News reports frequently discuss the accessibility and cost-effectiveness of various fiat onramps, as well as the regulatory compliance measures they must adhere to. Debates often arise concerning the fees associated with these services, the user experience, and the potential for fraud or illicit activity. The expansion and regulation of fiat onramps are considered vital for increasing mainstream adoption of digital assets.
MetaMask's introduction of mUSD establishes a wallet-native stablecoin, streamlining Web3 user experience and enhancing real-world utility through deep integration.
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