What does off-ramp mean?

What does off-ramp mean?

Off-ramp is shorthand referring to converting stablecoin back to traditional currency (fiat). When you withdraw EURC and receive EUR, you're "off-ramping" into fiat.

    • Related Articles

    • What does on-ramp mean?

      On-ramp is shorthand referring to converting traditional currency (fiat) into stablecoin. When you deposit EUR and receive EURC, you're "on-ramping" into stablecoin. On-ramp now →
    • What are on ramp transaction limits?

      At MYKOBO, we prioritise security, compliance, and efficiency in every transaction. To maintain a safe and seamless experience, we have established transaction limits based on user verification levels and regulatory requirements. On ramp transaction ...
    • Off Ramp FX?

      FX stands for Foreign Exchange—the conversion between different currencies (e.g., EUR to USD). FX typically involves fees and unfavorable exchange rates. MYKOBO avoids FX entirely: withdraw EURC, get EUR. Withdraw USDC, get USD. No currency ...
    • Why do you need my IBAN details to off ramp?

      Off-ramp refers to converting stablecoin back to traditional currency. When you send EURC and receive EUR in your bank account, you're "off-ramping" back to fiat. Off-ramp now → We need a bank account from you in order to be able to redeem ...
    • What are off ramp transaction limits?

      At MYKOBO, we prioritise security, compliance, and efficiency in every transaction. To maintain a safe and seamless experience, we have established transaction limits based on user verification levels and regulatory requirements. Off ramp transaction ...