Help · Matching & exceptions
How receipts are valued, and depeg flags
Dollar stablecoins are booked at $1.00 under every classification, with the market price as evidence. A price more than 0.5% from par is held for review.
Updated
Every transfer Gladpaid records carries a US dollar value at the time of the block that confirmed it, together with the evidence: the source, the observed price, and the policy that was applied.
What Gladpaid books
- US dollar stablecoins (USDC, USDT, PYUSD, USDG) are booked at $1.00 per unit (par) under every classification, including the fair-value and cost ones.
- Alongside that, Gladpaid keeps the observed market price at the block time from CoinGecko, checked against Chainlink's on-chain price feed, as evidence. It is not what gets posted.
- EURC is valued using the European Central Bank's euro reference rate for the date.
Price timing is part of your treatment policy: it picks the moment whose market price is kept as evidence (and, for EURC, the rate used). The default is the block timestamp; the day's close is available as a documented election, and it means the end of the UTC day (23:59:59 UTC), not the end of your local day. See Treatment policy.
Depeg flags
If the observed market price differs from $1.00 by more than 0.5% at the block time, the transfer is flagged as a depeg event and held in the queue for your review. It is not posted silently.
| You see | Meaning |
|---|---|
| Par $1.00 · observed $0.9998 | Within threshold. Valued at par, evidence stored. |
| Depeg flag · observed $0.9920 | Outside threshold. Held for your review; once confirmed it posts at $1.00, with $0.9920 kept as evidence. |
Gladpaid books the receipt at $1.00 (par) under every classification, and posts no depeg gain or loss, even where the chosen classification is fair value or cost. If your accountant needs market-price remeasurement, post it as a manual adjustment in your ledger. An independent CPA review of this rule is pending.
The evidence for every value is included in the close pack, so a reviewer can see where each number came from.
Related
- Your treatment policyBooks basis, classification, fees, settlement differences and price timing: set once, versioned, and chosen by your accountant.
- Month-end closeThe eight-step close checklist, deadline reminders, sign-offs, and how a closed period locks and reopens.
- The exception queueOne list of everything that needs a person, ordered by what blocks the month-end close.
Did this not answer it? Write to support@gladpaid.com with the business name and the item. Please never include a recovery phrase or private key; we will never ask for one.