Loading...
Supporting developers, startups, and full-fledged companies building on Stellar and Soroban
© 2025 Stellar Development Foundation
Subscribe to the Newsletter
By Credible Finance
Credible is a payment orchestration platform that enables both payment collection and payouts, with remittance as one of our primary use cases. Integrating with Stellar’s Disbursement Platform (SDP) will streamline our USDC-powered remittance flows from the US to India and support our scale-up from the current $25–30M in monthly volume to $50M, and ultimately $100M+ in monthly transaction throughput.
Today, Credible serves as the backend settlement layer for US-based neobanks facilitating cross-border remittances from the US to India.
Refer:
Pitch: https://docsend.com/v/y6d9x/credible
Docs: https://credible.gitbook.io
Stats:https://dune.com/credible/stats
$150.0K
Delivering T+0 / same-day cross-border settlement as the core value proposition for neobanks, fintechs, and global merchants operating in emerging markets
Processing $25–30M+ in monthly transaction volume, powered by stablecoin-backed liquidity and instant settlement rails
Enabled $270M+ in US-to-emerging-market payment flows since October 2025
2 neobanks live today, using Credible as their backend settlement layer to provide real-time remittance and payout experiences
2 additional neobanks signed, scheduled to go live in February EOD, expanding our settlement network
First payment collection (pay-in) merchant currently in pilot, expected to launch production flows by end of February, enabling same-day settlement for emerging market collections
Supporting 6+ fintech and neobank partners across pay-in and pay-out use cases
Advancing stablecoin liquidity through our embedded credit layer to eliminate prefunding and settlement delays
Raised ~$1M in investments and grants.
Accepted into the Solana Colosseum Accelerator, validating Credible as the first payment orchestration infrastructure.
Preparing for a planned TGE in Feb/Mar in collaboration with MetaDAO
Expanding across key emerging market corridors including India, Philippines, and Nigeria, with additional markets underway
PayFi Vault enabling stablecoin liquidity participation with up to 16% APY, no lock-in, and drawdowns backed by verified pay-in/pay-out receivables
Stats: https://dune.com/credible/stats
X : https://x.com/crediblefin
Objective
Establish the core technical and operational infrastructure required to power Credible’s stablecoin-based remittance payout workflow on Stellar, enabling a production-ready pathway for instant USD → INR settlement in the US-to-India corridor.
This milestone includes full integration of the Stellar Anchor Platform (Anchor Developer Platform) and the Stellar Disbursement Platform (SDP) to enable compliant, scalable, and production-grade USDC-to-INR remittance payouts.
The goal is to deliver a live-deployable payout architecture comparable in user experience to platforms such as Wise — powered by Stellar USDC liquidity, anchor-based fiat on/off-ramping, and SDP orchestration.
1. Production Architecture with Anchor Platform + SDP Integration
Credible will integrate the Stellar Anchor Platform to:
Operate as a compliant anchor for INR payout flows
Implement SEP-24 / SEP-6 interactive and non-interactive deposit/withdraw flows
Configure anchor services for USDC deposit and INR withdrawal
Enforce KYC/AML policies at the anchor layer
Manage transaction lifecycle states (pending, completed, failed)
Enable Horizon-based transaction monitoring
Configure Anchor Admin API for operational control and compliance oversight
The anchor will serve as the fiat bridge layer between on-chain USDC and off-chain INR banking rails.
Fully defined interaction between Credible’s orchestration layer and the Stellar Disbursement Platform lifecycle
Mapping of payout states from Credible → SDP → Anchor → Banking partner
End-to-end lifecycle tracking from USDC transfer to INR beneficiary credit
Webhook-based status synchronization
2. USDC-to-INR Remittance Payout Engine on Stellar
Implementation of:
On-chain USDC transfer (sender side)
Anchor withdrawal request (SEP-compliant)
Compliance validation
INR disbursement via regulated banking rails
Status confirmation back through SDP
Settlement logic shall enable:
T+0 or near-instant disbursement
Prefunded INR payout liquidity where required
Controlled liquidity orchestration via Credible’s settlement engine
3. Production-Grade APIs & Transaction Lifecycle Management
Hardened APIs covering:
Transaction initiation
Anchor withdrawal invocation (SEP endpoints)
Compliance validation
Liquidity routing
SDP instruction triggering
Banking payout execution
Confirmation callbacks
Exception handling and retry logic
Automated reconciliation shall include:
On-chain USDC movement tracking
Anchor transaction state reconciliation
Off-chain INR settlement confirmation
Audit-ready reporting
Deployment and configuration of Anchor Platform services
Setup of asset issuance and withdrawal policies
Configuration of KYC tiering at anchor level
Transaction limits enforcement
Monitoring dashboards for anchor operations
Admin control for transaction review and manual intervention
Full simulation under real operational conditions:
USDC transfer on Stellar
Anchor withdrawal invocation
Compliance screening
INR beneficiary credit
Settlement confirmation
Validation includes:
Retry logic
Observability
Error handling
Liquidity exhaustion scenarios
Compliance hold scenarios
Reconciliation accuracy
✔ Production-ready anchor deployment with configured withdrawal endpoints
✔ Validated SDP connectivity and full payout lifecycle execution
✔ Confirmed USDC → INR beneficiary settlement capability
✔ T+0 remittance settlement logic operational
✔ Anchor monitoring and admin controls functional
✔ Operational readiness for live pilot and volume onboarding in Milestone 2
Refer Flow of Funds:
https://credible.gitbook.io/docs/credible-overview/how-credible-works/pay-out
Stellar Anchor Platform deployment & configuration
SDP integration and lifecycle mapping
Core payout orchestration engineering
Reconciliation & monitoring infrastructure
Compliance and security hardening
Production readiness testing
Staging validation and live pilot preparation
Objective
Onboard the first production neobank partner on the US-to-India remittance corridor and execute live remittance flows using MoneyGram as the Stellar Anchor for compliant fiat bridging and payout.
This milestone focuses on:
Integrating MoneyGram’s anchor infrastructure into Credible’s payout stack
Enabling live USDC → INR settlement flows via Stellar
Scaling to the first $10M cumulative remittance volume
Serving approximately **2,000–2,500 Indian expat users in the United States
**
This phase validates real-world throughput, anchor-based liquidity routing, compliance handling, and operational stability in production.
Key Deliverables
=======================
Complete technical, compliance, and operational onboarding of the initial neobank partner.
Integration will include:
USDC transfer initiation on Stellar
Invocation of MoneyGram anchor withdrawal flow (SEP-compliant)
Compliance data handoff between Credible and MoneyGram anchor
Beneficiary payout via MoneyGram’s fiat disbursement infrastructure
End-to-end lifecycle status mapping
This establishes live USDC-based remittance payouts to INR beneficiaries using:
Stellar blockchain settlement
MoneyGram anchor services
Credible’s orchestration and liquidity layer
Implementation of MoneyGram as a Stellar anchor, aligned with bridging-chain best practices:
Integration with MoneyGram’s Anchor API endpoints
Support for deposit/withdraw flows (USDC → Fiat)
Transaction state management (pending, completed, refunded)
Compliance event handling
Cash or bank payout routing logic
The system will:
Receive USDC on-chain
Trigger MoneyGram withdrawal request
Perform compliance validation
Execute fiat disbursement
Confirm final settlement state
All transactions will follow Stellar Anchor Platform standards for:
Secure transaction lifecycle management
KYC enforcement at anchor level
Regulatory reporting compatibility
Performance tuning under live conditions:
Orchestration latency reduction
Anchor API reliability monitoring
Retry logic for failed transactions
Exception handling and reconciliation loops
Webhook-based lifecycle synchronization
Ensure reliable T+0 or near-instant beneficiary settlement under production transaction load.
Deployment and activation of Credible’s PayFi liquidity layer to:
Bankroll settlement timing
Decouple fiat disbursement from blockchain confirmation delays
Support receivable-backed liquidity drawdowns
Ensure sufficient liquidity coverage to process up to:
With stable and predictable T+0 disbursement performance.
Delivery of:
Neobank API documentation
SDKs for Stellar USDC + MoneyGram anchor flows
Operational runbooks
Transaction lifecycle mapping documentation
Compliance data sharing standards
Establish standardized onboarding processes to enable:
Additional neobank integration
Rapid partner expansion in future milestones
✔ First neobank live in production using MoneyGram as Stellar anchor
✔ $10M cumulative remittance volume processed via USDC → INR payouts
✔ Active usage by ~2,000–2,500 Indian expat users
✔ Validated MoneyGram anchor integration with full lifecycle tracking
✔ Proven liquidity stability and reconciliation accuracy
✔ Operational readiness to scale toward $50M+ monthly volume in Milestone 3
Budget: $45,000
======================
MoneyGram anchor API integration & production deployment
Neobank integration and compliance onboarding
Throughput optimization and anchor lifecycle monitoring
PayFi liquidity activation for settlement bankrolling
Documentation, SDKs, and partner onboarding infrastructure
#3 Launch & Scale AED → INR Corridor via Digibanker (AED) AnchoR
=======================================================================
Objective
Expand Credible’s remittance infrastructure beyond the US corridor by launching and scaling the AED → INR corridor, integrating Digibanker as a Stellar Anchor for AED fiat bridging.
This milestone focuses on:
Production deployment of Digibanker’s AED anchor integration
Enabling AED-to-USDC conversion via Stellar rails
USDC-to-INR payout orchestration
Scaling to $50 million in processed remittance volume
Serving approximately 10,000 Indian expat users in the UAE
This phase validates multi-anchor interoperability, cross-currency liquidity routing, and operational readiness for broader corridor expansion.
1. Digibanker Anchor Integration (AED Support)
Implement Digibanker as a compliant Stellar Anchor for AED deposit flows.
Integration includes:
SEP-compliant deposit and withdrawal endpoints
Anchor service configuration for AED fiat deposit
USDC issuance or transfer mapping upon AED funding
Anchor transaction lifecycle state management
Compliance enforcement at anchor level
Webhook-based transaction status synchronization
Flow:
User initiates AED transfer (UAE banking rails)
Digibanker Anchor processes fiat deposit
Equivalent USDC issued/transferred on Stellar
Credible orchestrates USDC → INR withdrawal
INR credited to beneficiary in India
This establishes a fully compliant AED-to-INR remittance pathway powered by:
Digibanker Anchor (AED bridge)
Stellar USDC rails
Credible’s orchestration & PayFi liquidity engine
Enhance orchestration and performance to support higher transaction concurrency across:
AED deposit (Digibanker Anchor)
USDC on-chain settlement
INR payout execution
System enhancements include:
Anchor API retry logic
Transaction state reconciliation across anchors
Monitoring dashboards for multi-currency flows
Error-handling and exception routing
Observability tooling for anchor lifecycle tracking
Maintain T+0 or near-instant AED → INR settlement, even under scaled transaction load.
3. PayFi Liquidity Expansion for AED Corridor
Expand PayFi liquidity module to support:
AED-backed receivable drawdowns
Multi-currency liquidity routing (AED → USDC → INR)
Cross-anchor settlement buffering
Liquidity stress monitoring
Ensure sufficient liquidity depth to sustain:
$50 million in cumulative remittance throughput
Stable and predictable T+0 disbursement performance
Deliver:
Production-grade documentation for Digibanker anchor flows
SDKs supporting AED deposit → USDC issuance → INR withdrawal
Standardized onboarding process for UAE-based neobanks
Compliance data handoff mapping between Credible and Digibanker
Enable rapid onboarding of:
UAE neobanks
Payroll platforms
Remittance distributors
Establish:
Operational monitoring for AED and USD corridors
Anchor-level transaction limit enforcement
KYC and compliance data interoperability
Multi-anchor liquidity reconciliation
Lay groundwork for:
Expansion into additional GCC currencies
Cross-anchor routing optimization
$100M+ monthly throughput capacity
✔ Live production deployment of Digibanker as Stellar Anchor for AED
✔ $50M cumulative AED → INR remittance volume processed
✔ Active adoption by ~10,000 UAE-based Indian expat users
✔ Proven multi-anchor lifecycle management (Digibanker + INR payout anchor)
✔ Stable T+0 settlement with reconciled liquidity across corridors
✔ Operational readiness for additional GCC corridor expansion
Budget: $60,000
======================
Digibanker anchor integration & configuration
Multi-currency orchestration development
Throughput optimization & lifecycle monitoring
PayFi liquidity expansion for AED-backed flows
Compliance harmonization & reporting systems
Production readiness validation under scaled transaction load
Shrikant Bhalerao ��� CEO
Shrikant brings 15 years of experience in payments and credit, with a successful exit in a healthcare financing startup. He has worked across both technical and business roles at Gemalto, CellPoint Digital, Oracle, Western Fintrade, and Nexo. He holds a Master’s degree in Computer Applications from Pune University.
Akshay Soam – CTO
Akshay has 10+ years of experience in fintech and crypto, including a successful exit in a healthcare financing startup. He holds a Master’s degree in Machine Learning and AI from the University of Liverpool, UK, and leads Credible’s technology and infrastructure strategy.
Team
The broader team includes senior talent such as an ex-Huobi OTC & institutional sales head, an ex-gaming payment gateway head, and fintech engineers with deep experience in payments, compliance, and scalable financial infrastructure.
Shri
Akshay Soam
No other submissions.