On-ramp flow

Crypto buy

Overview

1. End customer requests to deposit funds into their crypto wallet

   • via Plaid: get the end user’s bank account information and initiate an ACH transfer with the specified amount
   • via Debit card: use Stripe to get the funds from the user account and deposit them into the Blaze’s FBO account controlled by Cybrid

2. Funds are transferred via ACH/EFT to the Blaze settlement account (FBO) controlled by Cybrid

3. Funds are then sent to Circle (LP) to convert to USDC

   • For instant transfers, we would not wait for the ACH to settl. We send that amount from our settlement account on behalf of the end user

4. Cybrid send USDC to Blaze’s Stellar omnibus wallet

5. Blaze send the USDC from it’s wallet to the end user wallet

   Off-ramp flow

   Crypto sell

Overview

1. End user initiates withdrawal to linked bank account
2. Blaze requests USDC sell on behalf of user
   1. the request is sent to the Cybrid platform
3. Cybrid transfers USDC to Circle
4. Circle converts USDC to USD
5. USD (fiat) sent to Cybrid bank account
6. USD is transferred via ACH/ETF to End User's linked bank account