Today, we're excited to unveil [Openfort Kit](http://kit.openfort.xyz/) - your shortcut to creating polished wallet experiences that convert curious visitors into engaged users.

Build web3-native authentication flows with beautiful UI components in minutes instead of weeks. Start creating now to capture mainstream audiences faster.

##Why are we doing this?
When we first simplified wallet integrations, our goal was to help developers ship secure authentication in hours rather than days. That's why we build [Openfort JS](https://www.openfort.xyz/docs/guides/getting-started). To help any developer customize as much as they wanted the user experience. Great number of teams benefited from such granularity and build [incredible products](https://www.openfort.xyz/blog/categories/customer).

**But we're not done.**  

What if you could deploy production-ready flows in minutes instead of hours?  
What if every team member - not just engineers - could collaborate on crypto onboarding?  
That's why we built [Openfort Kit](https://www.openfort.xyz/docs/guides/react).

## What problem are we solving?
Every crypto team faces the same dilemma:  

1. **Design Debt** - Most wallet UIs feel either overly technical or visually disjointed from brand identities.  
2. **Time Sinks** - Teams waste weeks rebuilding auth flows instead of focusing on core products.  
3. **Conversion Leaks** - Clunky experiences scare away 79% of non-crypto native users. 

The result? Projects either cater exclusively to crypto veterans or struggle through endless iteration cycles trying to appeal to mainstream audiences.

Wallet experiences should be intuitive, brand-aligned, and conversion-optimized - regardless of a team's blockchain expertise.

## Why now? 
Three seismic shifts make this possible:  

1. **Wallet maturity** - Standards like ERC-4337, 7702 (and more) and tools like ConnectKit enable flexible authentication flows. Project can now enjoy full power of smart wallets with the convenience of having React hooks.  
2. **Consumer expectations** - Users now demand web2-level polish for web3 experiences. More crafted experiences can be build across device and platforms. 
3. **Conversion science** - We've analyzed 1M+ onboarding attempts to identify proven UX patterns. Faster and secured onboardings enable increse the rate of conversion.

We've baked these insights into pre-built components that:  
- Match your existing design system.  
- Support multiple auth methods (social, embedded, traditional).  
- Include linking and unlinking of identities. 

Just as v0 and Vercel changed frontend development, we're reimagining how teams approach web3 UX. This is just the end of a journey and we'll see any consumer facing software have a wallet integrated. Build with taste, build with Openfort kit.

large_openfort-kit.png

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thumbnail_openfort-kit.png

openfort-kit.png

Introducing Openfort kit

As blockchain technology reshapes global finance, stablecoins have emerged as a critical innovation, combining cryptocurrency’s efficiency with fiat currency’s stability. The following is a series of 3 articles tackling stablecoins 101:

_Part 1: Understanding the stablecoins 
Part 2: Infrastructure and tools to build with stablecoins
Part 3: Navigating regulation for stablecoins_

Let's start!

## The Definition and Types of Stablecoins  

Stablecoins are blockchain-based digital assets designed to maintain a fixed value relative to external references, most commonly fiat currencies like the US dollar or euro. Unlike volatile cryptocurrencies such as Bitcoin, stablecoins achieve price stability through three primary collateralization models, each with distinct risk profiles and operational frameworks.  

### Fiat-Collateralized Stablecoins  
These dominate the market, representing over 90% of the [$200 billion stablecoin sector](https://cointelegraph.com/news/stablecoin-predictions-2025-payments-regulations-l2). They maintain 1:1 reserves of traditional currency held in regulated institutions. For example, every USDC token issued by Circle corresponds to $1 held in cash or short-term US Treasuries, with monthly attestations verifying reserve adequacy. Tether (USDT), the largest stablecoin with a $137 billion market cap, similarly backs its tokens with reserves comprising 85% cash equivalents and 15% Bitcoin. Regulatory frameworks like the EU’s MiCA now mandate minimum liquid reserves and redemption guarantees for these assets.  

### Crypto-Collateralized Stablecoins  
Decentralized alternatives like Dai (DAI) use overcollateralization of cryptocurrencies to maintain stability. Users lock Ethereum or other digital assets worth 150–200% of the stablecoin’s value into smart contracts, protecting against crypto market volatility. While appealing for decentralization purists, these models remain vulnerable to cascading liquidations during market crashes, as seen during Ethereum’s 2023 price collapse.  

### Algorithmic Stablecoins  
Non-collateralized variants like Ethena’s USDe employ supply-control algorithms, expanding or contracting token circulation based on demand. However, the TerraUSD collapse in 2022 demonstrated their fragility during market stress, prompting regulatory bans under the [STABLE Act](https://advocacy.consumerreports.org/press_release/2025-stable-act-fails-to-protect-consumers-from-stablecoin-risks-and-gives-big-tech-too-much-power-over-economy-without-proper-guardrails/) of 2025.  

## How Stablecoins Operate: From Issuance to Redemption  

![stablecoin-illustration.png](https://strapi-oube.onrender.com/uploads/stablecoin_illustration_ead8354e32.png)

### Minting and Reserve Management  
The lifecycle begins when users deposit fiat currency into an issuer’s reserve account. Smart contracts then mint equivalent stablecoins on supported blockchains—Ethereum hosts 65% of stablecoins, while Solana and Arbitrum gain traction for lower fees. Issuers like Circle [generate revenue](https://maticz.com/how-do-stablecoins-make-money) through Treasury Bill yields on reserves, estimated at $2.3 billion annually for USDC.  

Regulatory compliance now dictates stringent reserve practices. MiCA requires European issuers to hold 30% reserves in daily-liquid assets, while the GENIUS Act mandates 100% US Treasury backing for American stablecoins. Third-party auditors like Grant Thornton verify these reserves monthly, though concerns persist about Tether’s opaque disclosures.  

### Redemption Mechanisms  
Users redeem stablecoins by sending tokens to issuer-controlled addresses, triggering “burning” (permanent removal from circulation) and fiat disbursement within 24 hours under MiCA guidelines. However, the 2025 STABLE Act allows issuers to impose redemption fees during crises, raising concerns about consumer protection.  

Liquidity management remains critical. During March 2023’s banking crisis, USDC temporarily depegged after $3.3 billion of its reserves became trapped in Silicon Valley Bank, prompting emergency Federal Reserve interventions. 

## Real-World Applications in 2025  

![dollarapp.png](https://strapi-oube.onrender.com/uploads/dollarapp_b8e0562c9f.png)

### **Cross-Border Remittance Innovators**  
**1. [Sling Money](https://sling.money/) (Pan-African/Europe)**  
Sling’s USDP-powered app enables instant transfers between 50+ European and African countries at near-zero fees, processing $24M monthly. Its integration with local mobile wallets like M-Pesa allows recipients to receive funds in local currencies while leveraging stablecoins for backend liquidity.  

**2. [Kamix](https://www.kamix.io) (France-Africa Corridor)**  
This Paris-based fintech specializes in Euro-to-CFA franc remittances using EURC. By partnering with African neobanks, Kamix reduces fees from traditional 8% for 300,000+ migrant workers, settling 90% of transactions via Polygon for sub-$0.01 costs.  

### Consumer-Focused Stablecoin Wallets
**3. [Tuyo](https://tuyo.com/) (Global)**  
Aragon co-founder Jorge Izquierdo’s self-custodial wallet abstracts blockchain complexity for 850,000+ users. Its account abstraction feature enables single-click USDC swaps across Ethereum, Arbitrum, and Base, while hiding gas fees through sponsored transactions.  

**4. [HuruPay](https://www.hurupay.com/) (Pan-African)**  
Ghana’s HuruPay provides virtual dollar accounts to freelancers and SMEs in 40+ countries, shielding users from 200%+ local inflation. The platform processes $18M monthly in USDC payrolls, with instant off-ramps to mobile money networks like MTN and Airtel.  

### Enterprise-Grade Solutions
**5. [Mesta](https://www.mesta.xyz/) (Global B2B)**  
Mesta’s hybrid fiat-stablecoin rails processed $12M in 12 weeks for corporates like Bolt and Mocoh SA. Its platform auto-converts 55% of transactions to USDC for cross-border legs, reducing FX losses by 74% compared to traditional correspondent banking.  

**6. [PEXX](https://pexx.com/business) (Southeast Asia/Africa)**  
Backed by Antler and TNB Aura, PEXX enables businesses to convert USDT/USDC balances to 27 fiat currencies via API. Its proprietary liquidity engine routes transactions through optimal corridors (e.g., SGD to NGN via XRP/USDC pairs), slashing processing times from days to 90 seconds.  

### Regional Market Leaders
**7. [Juicyway](https://www.juicyway.com/) (Africa)**  
Operating stealthily until 2024, Juicyway powered $1.3B in stablecoin settlements for clients like Bolt and Afriex. The platform’s compliance layer auto-converts 30% of incoming USD to local stablecoins (e.g., Nigeria’s NGNx) to circumvent central bank forex restrictions.  

**8. [Yellow Card](https://yellowcard.io/) (Pan-African)**  
With $33M in Series C funding, Yellow Card’s treasury management tools let 30,000+ African businesses hold reserves in USDC. Its partnership with Onafriq connects 500M mobile wallets across 35 countries, enabling Lagos-based exporters to receive euro payments as EURC.  

### **Emerging Infrastructure Plays**  
**9. Paxos-Stripe Integration**  
Stripe’s Pay with Crypto product now settles $780M monthly in USDC and PYUSD via [Paxos’ enterprise API](https://digitalpoundfoundation.com/paxos-launches-enterprise-grade-stablecoin-payments-platform-with-stripe-integration/). Merchants like Shopify convert 62% of crypto payments to fiat instantly, while retaining 38% in stablecoins for supplier payments.  

This article demystifies the fundamental mechanics of stablecoins and explores their applications reshaping industries from remittances to corporate treasury management.  

medium_stablecoins-cover.png

small_stablecoins-cover.png

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stablecoins-cover.png

Stablecoins 101: Understanding the Digital Backbone of Global Finance

*“Most players didn’t even realize they were using crypto – they just played” – Praveen Kumar, CTO, GAMP*  

## The breaking point: Web3 tools stifling growth 
As GAMP scaled its play-to-earn ecosystem, legacy Web3 infrastructure began cracking under pressure. Manual integrations with Ethereum standards added 3-4 weeks to every feature deployment—engineers joked they were “debugging smart contracts *during* live tournaments.” Private key management metastasized into a full-blown operational nightmare: 15% of staff time went to key recovery, and 72% of players abandoned onboarding at wallet creation.  

“We’d built this vibrant metaverse, but onboarding felt like filing taxes,” admits Praveen Kumar, GAMP’s CTO. “MetaMask’s 12-step flow confused even our devs. Players would DM us screenshots of seed phrases asking, *‘Is this part of the game?’*”  

Worse yet, financial planning became guesswork. Gas fees fluctuated wildly, causing 42% budget overruns. “We’d test features on Polygon zkEVM, then mainnet costs would torpedo projections,” Kumar recalls. “Building for 50K users? Might as well have used a Magic 8-Ball.”  

## The fix: Openfort’s invisible blockchain layer
GAMP overhauled its stack with Openfort’s account abstraction platform in under a week. The team:  
1. Replaced MetaMask with **social logins** using Openfort’s SDK (“90 minutes to first live transaction”)  
2. Deployed **gas optimization** algorithms that batch-processed L2 transactions  
3. Integrated **real-time analytics** revealing $18K in annual zkEVM savings  

“Openfort didn’t just give us tools—they redesigned our UX playbook,” says Kumar. “Their engineers mocked our game builds to stress-test edge cases. One found a bug where wallet pop-ups overlapped boss fight cutscenes. Game-changer.”  

The partnership prioritized "invisible Web3":  
- **Auto-generated wallets** via email/OTP  
- **Session keys** allowing item loans without seed phrases  
- **Gasless transactions** sponsored via $GAMP tokens  

“Players thought we’d nerfed the tutorial,” Kumar laughs. “Nope—Openfort just made blockchain *actually* seamless.”  

## Results: Mainstream gamers, enterprise-grade security
In 24 hours post-launch:  
- **1,492 users onboarded** (478% increase)  
- **5,124 in-game token transactions**  
- **82% fewer “gas help” tickets**  

Operationally:  
- **3X faster deployments** (11 days vs. 34)  
- **Zero key-related breaches** since migration  
- **40% lower L2 costs** via Openfort’s analytics  

“Half our Discord thought we’d switched back to Web2,” Kumar notes. “But chain explorers don’t lie—we’ve got more on-chain activity than ever.”  


### The verdict: Why Openfort won
**Q: Why ditch MetaMask/RainbowKit?**  
*“They’re tools for traders, not gamers. Openfort gave us Web2 simplicity with Uniswap-level security.”*  

**Q: Best surprise?**  
*“Players organically built a token gift economy. We see 500+ daily P2P sends—no ‘blockchain’ UI prompts.”*  

**Q: Next move?**  
*“Cross-game item portability. Openfort’s interoperable accounts let rare swords jump between our RPGs.”*  

---

**Ready to hide blockchain’s scaffolding?**  
[Talk to Openfort’s Gaming Team](https://www.openfort.xyz/solutions/gaming) → Launch in less than 24 hours  


Gamp achieved 90% faster user onboarding and 5k transactions in the first week through Openfort’s account abstraction and gasless infrastructure. Eliminate friction for mainstream gaming adoption.

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How GAMP onboarded 1.5K gamers in 24 hours without a single wallet pop-up

- [What problem are we solving?](#what-problem-are-we-solving)
- [Why now?](#why-now)

 - your shortcut to creating polished wallet experiences that convert curious visitors into engaged users.

Today, we're excited to unveil [Openfort Kit](http://kit.openfort.xyz/) - your shortcut to creating polished wallet experiences that convert curious visitors into engaged users.

Build web3-native authentication flows with beautiful UI components in minutes instead of weeks. Start creating now to capture mainstream audiences faster.

When we first simplified wallet integrations, our goal was to help developers ship secure authentication in hours rather than days. That's why we build 

. To help any developer customize as much as they wanted the user experience. Great number of teams benefited from such granularity and build 

##Why are we doing this?
When we first simplified wallet integrations, our goal was to help developers ship secure authentication in hours rather than days. That's why we build [Openfort JS](https://www.openfort.xyz/docs/guides/getting-started). To help any developer customize as much as they wanted the user experience. Great number of teams benefited from such granularity and build [incredible products](https://www.openfort.xyz/blog/categories/customer).

What if you could deploy production-ready flows in minutes instead of hours?

What if every team member - not just engineers - could collaborate on crypto onboarding?

What if you could deploy production-ready flows in minutes instead of hours?  
What if every team member - not just engineers - could collaborate on crypto onboarding?  
That's why we built [Openfort Kit](https://www.openfort.xyz/docs/guides/react).

[What problem are we solving?](#what-problem-are-we-solving)

Every crypto team faces the same dilemma:

 - Most wallet UIs feel either overly technical or visually disjointed from brand identities.

**Design Debt** - Most wallet UIs feel either overly technical or visually disjointed from brand identities.

 - Teams waste weeks rebuilding auth flows instead of focusing on core products.

**Time Sinks** - Teams waste weeks rebuilding auth flows instead of focusing on core products.

 - Clunky experiences scare away 79% of non-crypto native users.

**Conversion Leaks** - Clunky experiences scare away 79% of non-crypto native users.

The result? Projects either cater exclusively to crypto veterans or struggle through endless iteration cycles trying to appeal to mainstream audiences.

Wallet experiences should be intuitive, brand-aligned, and conversion-optimized - regardless of a team's blockchain expertise.

 - Standards like ERC-4337, 7702 (and more) and tools like ConnectKit enable flexible authentication flows. Project can now enjoy full power of smart wallets with the convenience of having React hooks.

**Wallet maturity** - Standards like ERC-4337, 7702 (and more) and tools like ConnectKit enable flexible authentication flows. Project can now enjoy full power of smart wallets with the convenience of having React hooks.

 - Users now demand web2-level polish for web3 experiences. More crafted experiences can be build across device and platforms.

**Consumer expectations** - Users now demand web2-level polish for web3 experiences. More crafted experiences can be build across device and platforms.

 - We've analyzed 1M+ onboarding attempts to identify proven UX patterns. Faster and secured onboardings enable increse the rate of conversion.

**Conversion science** - We've analyzed 1M+ onboarding attempts to identify proven UX patterns. Faster and secured onboardings enable increse the rate of conversion.

We've baked these insights into pre-built components that:

Support multiple auth methods (social, embedded, traditional).

Include linking and unlinking of identities.

Just as v0 and Vercel changed frontend development, we're reimagining how teams approach web3 UX. This is just the end of a journey and we'll see any consumer facing software have a wallet integrated. Build with taste, build with Openfort kit.

Introducing Openfort kit

What problem are we solving?

Why now?

How GAMP onboarded 1.5K gamers in 24 hours without a single wallet pop-up

Stablecoins 101: Understanding the Digital Backbone of Global Finance

Product

Resources

Company