Unlimit has launched Stable.com, a decentralized clearinghouse designed specifically for stablecoins, the fintech company announced in a press release on Tuesday.
The company said the service is the first to combine non-custodial stablecoin swaps with direct global exits, aiming to make dollar-pegged tokens more convenient and easier to use.
Stable.com allows users to trade between major stablecoins without fees or commissions while maintaining full control of their funds.
By connecting these decentralized rails to Unlimit’s global payments network, the platform enables local currency conversions in over 150 markets and through over 1,000 payment methods, with the aim of eliminating friction and custody risks common to legacy crypto platforms.
Stablecoins are cryptocurrencies linked to assets such as fiat currencies or gold. They support much of the crypto economy, serving as payment channels and a tool for moving money across borders.
A clearinghouse is a financial intermediary that sits between buyers and sellers to settle transactions, manage counterparty risk, and ensure transactions go smoothly.
Unlimit presented the platform as an attempt to streamline a stablecoin market that is increasingly fractured. By consolidating major tokens under a single interface and linking them to established fiat payment rails, Stable.com could make stablecoins easier to use in routine transactions, the company said.
Kirill Eves, CEO and founder of Unlimit, said in the release that stablecoins are an “emerging extension of the US dollar” and a growing tool in global commerce. He added that Stable.com is designed to connect decentralized finance (DeFi) with traditional financial systems.
Unlimit, founded in 2009, serves tens of thousands of businesses and more than a billion users. According to the company, its global licensing and payments footprint gives Stable.com the regulatory and infrastructure support to launch as a full-fledged platform rather than a pilot project.
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