Settlement allows merchants to convert their NUSD wallet balance into USD fiat currency, which is wired to the merchant’s bound bank account. This is the exit through which funds return from cryptocurrency to the traditional financial system.

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Business Flow

Settlement flow sequence

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Operation Steps

1

Bind a bank account

The merchant must first bind bank account information (bank name, account name, account number) in the admin console. Settlement can only be performed after the platform has reviewed and approved the account.
2

Initiate a settlement

On the Settlement page in the admin console, select the approved bank account, enter the settlement amount (NUSD), and verify your identity via a verification code.
The settlement currency is fixed as USD. The system converts NUSD into USD at the real-time exchange rate, and the amount actually credited is the result after deducting the service fee.
3

Wait for review

After the settlement application is submitted, it enters the pending review state, and the NUSD funds are frozen. A Super Admin reviews the request in the admin console (approve/reject).
4

Fiat receipt

After the review is approved, NUSDpay initiates the fiat wire transfer to the merchant’s bank account. The arrival time depends on the bank’s processing speed.

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Settlement Amount Calculation

Actual credited (USD) = Settlement amount (NUSD) × Exchange rate - Service fee (NUSD)
FieldDescription
Settlement amount (NUSD)The amount of NUSD the merchant applies to settle
Exchange rateReal-time exchange rate of NUSD → USD
Service fee (NUSD)Calculated based on the settlement fee rate configured for the project
Actual credited (USD)The USD amount actually received in the merchant’s bank account
You can view the actual exchange rate and service fee details for each transaction in the settlement records.

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Settlement Status

StatusDescription
Pending ConfirmationSubmitted, awaiting Super Admin review
ApprovedReview passed, the wire transfer is being processed
CancelledThe merchant has actively cancelled the settlement
RejectedThe Super Admin rejected the review; the NUSD freeze is released
CompletedThe fiat has been wired; the settlement is complete
FailedThe wire transfer processing failed

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Permission Notes

RolePermitted Actions
Super AdminView settlement records for all projects; review (approve/reject)
Project AdminInitiate settlements; cancel one’s own pending settlements
Finance / Operator (Payout)View settlement history
Once a settlement is approved, it cannot be revoked. Please carefully verify the bank account and amount before submission.

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Next Steps

Payout Solution

Learn how to initiate on-chain payments to end users.

Transfer Solution

Learn about inter-project NUSD fund transfers.