SEP-24 is a standardized API that enables anchors to offer hosted deposits and withdrawals directly within apps, eliminating the need for custom integrations and improving user access to on/off ramps for fiat and digital assets.
SEP-24 is a Stellar Ecosystem Proposal that establishes a standard API for anchors to provide hosted deposits and withdrawals, allowing users to exchange fiat currencies and digital assets like USDC without leaving their apps. Unlike proprietary APIs that require custom integrations, SEP-24 enables any app integrating Stellar services to connect with multiple anchors automatically. The Anchor Platform, which provides pre-packaged software for implementing SEP-24, reduces development time for anchors and creates equal footing for competition. This standardization benefits users with better services, the Stellar network with greater flexibility, and companies with reduced friction in providing financial services.
