Status: Accepted Date: 2026-03-24
The treasury holds funds donated by sponsors to be paid out to students over 6–12 month periods. Using volatile assets like XLM or BTC risks the treasury losing half its value before a student completes a course.
We have selected USDC (issued by Centre/Circle) as the primary treasury and payout stablecoin on Stellar.
- Regulatory Clarity: USDC is highly regulated and widely accepted by the educational institutions we partner with.
- Stellar Native Support: USDC is a first-class citizen on Stellar with deep liquidity, making it easy for students to off-ramp to local fiat (NGN, etc.) via MoneyGram Access.
- Price Stability: Ensures a $500 scholarship remains worth $500 regardless of market swings.
- Counterparty Risk: We depend on Circle's ability to maintain the 1:1 peg and the solvency of the underlying reserves.
- Centralization: Circle has the technical ability to freeze USDC addresses if required by law enforcement.