Circle Introduces New Refund Protocol for ERC-20 Payment Disputes

TL;DR Circle Research launched Refund Protocol, a smart contract that adds escrow and onchain dispute resolution for ERC‑20 stablecoin payments. Funds are locked with pay(to, amount, refundTo); the recipient can use refundByRecipient and the arbiter refundByArbiter if a dispute arises. After the lockup period, withdraw(paymentID) releases the funds; earlyWithdrawByArbiter enables early withdrawals by paying an. source: https://crypto-economy.com/circle-introduces-new-refund-protocol-for-erc-20-payment-disputes/