crypto
Eco Upgrades Stablecoin API with Quoted Settlement and Refunds
Eco has upgraded its stablecoin API, introducing quoted settlement or automatic refunds to address execution costs in stablecoin transfers.
Eco, a company focused on digital payments, has enhanced its stablecoin API to include new features for settlement. According to Crypto.news, these upgrades allow businesses to establish specific settlement conditions before initiating fund transfers, aiming to mitigate execution costs that can arise from price discrepancies during transactions. The company stated in an announcement that these costs could potentially reach up to $10,000 on a $1 million transfer if prices vary by just 1%.
The upgraded Eco stablecoin API now offers either quoted settlement or automatic refunds as mechanisms to manage these execution costs. This development is designed to provide greater predictability and control for businesses utilizing stablecoins for transfers, particularly in scenarios where price volatility, even minor, could impact the final value received. For readers following broader crypto market news , this development highlights ongoing efforts to refine the infrastructure supporting digital asset transactions.
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