Close Menu
  • Latest News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Meme Coins
  • DeFi
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • Gaming
  • Legal
    • Taxes & Regulation
    • Adoption
  • Analysis
  • Learn
    • Education
    • Wallets and Exchanges
  • Tools
    • Market Overview
    • Converter
What's Hot

Exploring Early NFT Game Failures and Future Opportunities

July 24, 2025

Merlin Chain Unleashes Bitcoin’s Ultimate Potential with 2.0 Upgrade

July 24, 2025

North Korean hackers linked to $44M CoinDCX breach

July 24, 2025
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
Facebook X (Twitter) Instagram
Buy Crypto NewsBuy Crypto News
  • Latest News
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. Meme Coins
    5. View All

    NEAR Protocol Slides 5% as Altcoin Season Abruptly Ends

    July 23, 2025

    Solana's SOL Could Hit $500 in This Bull Run, Says Analyst, as Upexi Boosts Holdings to 1.8M SOL

    July 23, 2025

    Asia Morning Briefing: The First AI vs BTC Environmental Impact Numbers are Here. And it Might Start a New Debate

    July 23, 2025

    Are Bitcoin Whales Dumping Their BTC?

    July 23, 2025

    Ethereum Leads Record $4,390,000,000 Inflows to Institutional Crypto Products: CoinShares

    July 23, 2025

    Ethereum Price Prediction – $4,096 Breakout or Pullback to $3,525?

    July 23, 2025

    Inside why a $6 billion NFT market cap surge is fueling Ethereum’s Q3 bull case!

    July 23, 2025

    Accumulation of Major Bitcoin Investors and Whales Powering BTC Uptrend As Ethereum Witnesses Trend Reversal in Buyer Behavior: Glassnode

    July 23, 2025

    Pantera Capital Says Tipping Point for Tokenization Likely Approaching As Sector ‘Mirrors the Early Days of ETFs’

    July 24, 2025

    BNB transactions hit 3-month high: Can rising utility fuel prices?

    July 23, 2025

    These Two Bearish Scenarios Put Solana Price At $162 After Fakeout

    July 23, 2025

    Bitcoin faces profit-taking, but 4 reasons why BTC’s rally isn’t over yet!

    July 23, 2025

    Pepe, BMT, CAKE: Crypto Activity Heats Up

    March 18, 2025

    SHIB Burns Over Half a Billion Tokens, Price Surges Over 7%

    March 17, 2025

    DOGE Sees Massive User Growth: Active Addresses Up 400%

    March 15, 2025

    Shiba Inu (SHIB) Price Analysis: Bullish Hints, Bearish Trend

    March 15, 2025

    Exploring Early NFT Game Failures and Future Opportunities

    July 24, 2025

    Merlin Chain Unleashes Bitcoin’s Ultimate Potential with 2.0 Upgrade

    July 24, 2025

    North Korean hackers linked to $44M CoinDCX breach

    July 24, 2025

    Hong Kong’s stablecoin licensing to adopt invite-only approach: report

    July 24, 2025
  • DeFi

    How Russia is using Kyrgyzstan’s crypto market to bypass sanctions: report 

    July 23, 2025

    ONDO price rallies on 21Shares’ ETF filing and major exchange listing

    July 23, 2025

    Crypto acts like land, not tech, and that’s why it’s weird

    July 23, 2025

    Will Spark spike to $1?

    July 23, 2025

    Zebec crypto extends rally on Algorand integration into Zebec Cards and payroll ecosystem

    July 22, 2025
  • Tech
    1. Blockchain
    2. Security and Privacy
    3. View All

    Merlin Chain Unleashes Bitcoin’s Ultimate Potential with 2.0 Upgrade

    July 24, 2025

    Goldman Sachs and BNY Mellon Launch Tokenized Money Market Funds for Institutions

    July 23, 2025

    Blockchain Could Boost Covered Bonds, but Adoption Faces Major Hurdles: Moody’s

    July 23, 2025

    Bank of England Considers Abandoning Digital Pound CBDC Project Amid Growing Opposition

    July 23, 2025

    Accounting Firm Targeted by Malware Campaign Using New Crypter

    July 22, 2025

    Grok refuses to pick winner for Crypto Rover competition citing ZachXBT pump and dump evidence

    July 21, 2025

    XRP trading volume soars as new ATH attracts deepfake scam targeting investors

    July 18, 2025

    AI-Generated Lcryx Ransomware Discovered in Cryptomining Botnet

    July 18, 2025

    Exploring Early NFT Game Failures and Future Opportunities

    July 24, 2025

    Merlin Chain Unleashes Bitcoin’s Ultimate Potential with 2.0 Upgrade

    July 24, 2025

    North Korean hackers linked to $44M CoinDCX breach

    July 24, 2025

    Hong Kong’s stablecoin licensing to adopt invite-only approach: report

    July 24, 2025
  • Web 3
    1. Web3 News
    2. Gaming
    3. View All

    Exploring Early NFT Game Failures and Future Opportunities

    July 24, 2025

    CNAME Records Explained: From Basics to Expert Tips

    July 23, 2025

    Industrial Valves Market Top Companies Study – Emerson, Flowserve Corporation, Sclumberger Limited, Crane Co., Neles.

    July 23, 2025

    Introducing .DSci: A Domain for Decentralized Onchain Science

    July 23, 2025

    FLOKI hints at $75k prize pool, ignites opBNB’s first tournament

    July 23, 2025

    Elderglade’s Cross-Chain Gaming Bridge is Live, Going Cross-Game and Cross-Chain with LINEUP Games Partnership

    July 23, 2025

    A $7.8M stealth CryptoPunks acquisition signals renewed whale interest in NFTs amid Ethereum’s rally and a resurgent market.

    July 22, 2025

    GaFin Partners with Play Off The Grid to Deliver Cyberpunk Thrills on Streamify

    July 22, 2025

    Exploring Early NFT Game Failures and Future Opportunities

    July 24, 2025

    Merlin Chain Unleashes Bitcoin’s Ultimate Potential with 2.0 Upgrade

    July 24, 2025

    North Korean hackers linked to $44M CoinDCX breach

    July 24, 2025

    Hong Kong’s stablecoin licensing to adopt invite-only approach: report

    July 24, 2025
  • Legal
    1. Taxes & Regulation
    2. Adoption
    3. View All

    Hong Kong’s stablecoin licensing to adopt invite-only approach: report

    July 24, 2025

    Trump Signs the GENIUS Act Into Law

    July 23, 2025

    The Mad Journey from Terra to GENIUS

    July 23, 2025

    Citadel urges SEC caution on tokenized securities initiative

    July 23, 2025

    Public companies now hold $3.2B worth of Ethereum, swelling past 865,000 ETH

    July 23, 2025

    Stablecoins infiltrate deeper into global finance as Western Union enters crypto

    July 22, 2025

    GENIUS Act makes immediate impact as JP Morgan looks to allow crypto as collateral for lending

    July 22, 2025

    Ethena launches StablecoinX as ENA climbs 8% and USDe supply crosses $6B

    July 22, 2025

    Exploring Early NFT Game Failures and Future Opportunities

    July 24, 2025

    Merlin Chain Unleashes Bitcoin’s Ultimate Potential with 2.0 Upgrade

    July 24, 2025

    North Korean hackers linked to $44M CoinDCX breach

    July 24, 2025

    Hong Kong’s stablecoin licensing to adopt invite-only approach: report

    July 24, 2025
  • Analysis

    Ripple Price Prediction As SEC Approves And Pauses Bitwise ETF Holding XRP

    July 23, 2025

    Trader Says One Dogecoin Competitor Primed for New Leg Up, Predicts New All-Time Highs for Bitcoin

    July 23, 2025

    Solana staking ETF hits $100 million mark at record pace

    July 22, 2025

    Ali Martinez Predicts $15 Target Ahead

    July 22, 2025

    Ark Invest pivots to BitMine amid rising Ethereum treasury

    July 22, 2025
  • Learn
    1. Education
    2. Wallets and Exchanges
    3. View All

    What Is Tokenization?

    July 11, 2025

    What Are Internet Capital Markets? Why Companies Are Launching Meme Coins

    June 16, 2025

    What is a Corporate Bitcoin Treasury? The Strategy Behind Companies Holding Crypto

    May 27, 2025

    What Are Tokenized Real-World Assets? Putting Physical Value On-Chain With RWAs

    May 19, 2025

    North Korean hackers linked to $44M CoinDCX breach

    July 24, 2025

    Coinbase starts CFTC-regulated perpetuals for US traders, offering 10x leverage and 0.02% fees

    July 23, 2025

    Telegram’s TON Wallet goes live in US with eye on 87m users

    July 23, 2025

    BitGo joins flurry of crypto firms eyeing IPOs

    July 22, 2025

    Exploring Early NFT Game Failures and Future Opportunities

    July 24, 2025

    Merlin Chain Unleashes Bitcoin’s Ultimate Potential with 2.0 Upgrade

    July 24, 2025

    North Korean hackers linked to $44M CoinDCX breach

    July 24, 2025

    Hong Kong’s stablecoin licensing to adopt invite-only approach: report

    July 24, 2025
  • Tools
    • Market Overview
    • Converter
Buy Crypto NewsBuy Crypto News
Home»Wallets and Exchanges»Circle introduces Refund Protocol to enable dispute resolution in stablecoin payments
Wallets and Exchanges

Circle introduces Refund Protocol to enable dispute resolution in stablecoin payments

April 20, 2025No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Circle, a leading blockchain technology company, recently made a significant announcement by launching its Refund Protocol on April 17. This innovative protocol introduces a non-custodial smart contract system designed to facilitate dispute resolution for stablecoin transactions without the need for centralized intermediaries.

One of the key challenges associated with using stablecoins has been the absence of a built-in mechanism for refunds or chargebacks. The Refund Protocol aims to address this issue by empowering payment arbiters with specific powers while restricting their ability to control funds. Arbiters can lock funds for a predetermined period, authorize refunds to predefined addresses specified by the payer, and allow early withdrawals for a negotiated fee. Importantly, arbiters are prohibited from transferring funds arbitrarily, ensuring the non-custodial nature of the system.

Circle CEO Jeremy Allaire highlighted that the Refund Protocol builds on the company’s previous open-source releases for confidential and reversible payments. He emphasized that this initiative marks a significant step towards expanding the presence of stablecoin payments in the mainstream.

The launch of the Refund Protocol coincides with Circle’s USDC becoming the default currency for all new users of Binance’s crypto-powered payment app, Binance Pay, further solidifying Circle’s position in the digital payments landscape.

In terms of structure and functionality, the Refund Protocol operates by transferring funds into a smart contract when a customer initiates a payment using an ERC-20 token, rather than directly to the merchant. The smart contract records crucial information such as the recipient’s address, refund address, and payment value. In the event of a dispute, customers can request a refund either directly from the merchant or through an arbiter.

See also  Bitget announces the merger of BWB and BGB tokens to strengthen ecosystem

If a refund is approved during the lockup period, customers can execute it without taking custody of the funds. Once the lockup period expires, recipients can withdraw their escrowed funds without arbiter intervention, provided there are no unresolved disputes. The protocol also supports early withdrawals with the merchant’s off-chain signature, consenting to any applicable fees.

While the Refund Protocol introduces dispute resolution to stablecoin transactions, Circle acknowledges several practical challenges that need to be addressed. These include potential malicious behavior by arbiters, complexities in specifying refund addresses, gas inefficiencies due to individualized escrow management, unproductive nature of locked funds, and limitations in supporting contract-based wallets.

Looking ahead, Circle envisions future upgrades that could integrate lending protocols like Aave to monetize locked funds, potentially sharing earnings between recipients and arbiters. Despite the existing challenges, the Refund Protocol represents a significant step towards enhancing the efficiency and security of stablecoin transactions in the digital payments ecosystem.

Circle dispute enable Introduces payments Protocol refund Resolution Stablecoin
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

North Korean hackers linked to $44M CoinDCX breach

July 24, 2025

Hong Kong’s stablecoin licensing to adopt invite-only approach: report

July 24, 2025

NEAR Protocol Slides 5% as Altcoin Season Abruptly Ends

July 23, 2025

Coinbase starts CFTC-regulated perpetuals for US traders, offering 10x leverage and 0.02% fees

July 23, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Bipartisan lawmakers roll out CLARITY Act, shift crypto spot rule to CFTC

May 30, 2025

Beyond consensus: Transaction privacy is blockchain’s next security frontier

February 3, 2025

VIRTUAL price prediction – Will the pullback extend beyond 30%?

December 3, 2024
Price Chart


Explore insights on crypto, blockchain, taxes, and security. Stay informed with expert guides, tips, and the latest trends to navigate the digital asset world confidently


We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Exploring Early NFT Game Failures and Future Opportunities

July 24, 2025

Merlin Chain Unleashes Bitcoin’s Ultimate Potential with 2.0 Upgrade

July 24, 2025

North Korean hackers linked to $44M CoinDCX breach

July 24, 2025
Get Informed

Subscribe to Updates

Get the latest creative news From BuyCryptoNews directly in your Inbox!

  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
© 2025 BuyCryptoNews - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.