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UPI

also called Unified Payments Interface

India's instant payment system, and the busiest retail payment rail on earth. Nearly every counter in the country takes it, from department stores to a single stall selling tea.

What you already know this as

Faster Payments or Zelle, if they had also replaced cash almost entirely.

USDC

also called USD Coin

A US dollar stablecoin issued by Circle, backed by cash and short-dated US government debt held with regulated custodians, with monthly reserve reporting.

What you already know this as

A dollar balance at a regulated e-money issuer, with the reserve statement published instead of assumed.

In Kite: One of the two stablecoins you can hold and top up with, on Base, Ethereum or Polygon.

USDT

also called Tether

The oldest and most widely traded US dollar stablecoin, issued by Tether. It is the default dollar across most of Asia and Latin America, which is why merchants and exchanges quote in it.

What you already know this as

The dollar everyone in the market actually settles in, the way US dollars became the default for cross-border trade without anyone voting on it.

In Kite: The other stablecoin you can hold and top up with, on Ethereum or Polygon.

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