Odaily Planet Daily News: According to official sources, Circle announced that its Circle Research has released the Refund Protocol, a smart contract that supports stablecoin payments, non custodial custody, and on chain dispute resolution. It is built specifically for the composability and transparency of on chain commerce, and supports lock up periods, arbitrator mediated refunds, and off chain protocol based early withdrawals. In addition, the refund agreement also supports on chain dispute resolution and USDC payment refunds, without the need for centralized institutional custody or trust.