Tokens and wallets

TL;DR: Boundless pays in USDC on the Stellar network. You can use the built-in Boundless wallet, which is managed for you, or connect your own external wallet.

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USDC

All payments on Boundless, funding, rewards, and payouts, settle in USDC, a US-dollar stablecoin on the Stellar network. Your balance is shown in USD. To turn USDC into local currency, see Converting USDC to local currency.

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Boundless wallet vs external wallet

• Boundless wallet: managed for you. You sign in and the platform signs transactions on your action. There’s no seed phrase to look after. This is the simplest option and the default for most people.
• External wallet: a self-custody wallet such as Freighter, where you hold the keys and sign transactions yourself. Useful if you’re already crypto-native and want to control your own funds.

Both types have a Stellar address and can send and receive USDC.

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Stellar terms you may see

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Escrow contracts

Boundless runs escrow on its own Soroban smart contracts on Stellar, so program funds are held and released by code rather than by a custodian. See Escrow and human review.

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Next steps

• Your wallet and balance
• Converting USDC to local currency
• Verify your identity