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What are digital dollars?

Learn what digital dollars are and how they work in Sling Money

Updated yesterday

Digital dollars are dollars that exist online instead of in a bank account or as cash. They are a type of stablecoin and are backed 1:1 by US dollars, so their value always stays the same. One digital dollar will always be worth one real dollar.

If you live outside of Europe and add money to your Sling Balance, it's converted into digital dollars, so it can move instantly and securely between Sling users.

If you live in Europe, your money is stored in digital euros.

When you withdraw to your local bank account, we automatically convert your digital dollars back into your local currency.

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