Unlimit launches Stable.com to simplify global stablecoin swaps

Unlimit has launched Stable.com, a new platform designed as a decentralised stablecoin clearing house. The platform is intended to connect digital assets with conventional banking, enabling both individuals and businesses to convert and transfer stablecoins more efficiently across the global financial network.

Platform integration

Stable.com brings a non-custodial structure to stablecoin exchange, allowing users to swap and off-ramp their funds without relinquishing control over their digital assets. The service incorporates the infrastructure Unlimit has built over 16 years, supporting more than 1,000 payment methods and over 150 currencies. Registered users can exchange all major stablecoins in a "gasless, zero-commission" environment, with direct conversion to local currencies in various regions. The company says Stable.com is structured to remove intermediaries from the off-ramp process.

Focus on fragmentation

The stablecoin ecosystem is currently fragmented, with varying degrees of complexity for cross-platform transactions. Stable.com aims to consolidate key stablecoins onto a single interface. The platform provides a one-click process for trading and converting stablecoins, reducing the technical barriers typically faced by both institutional and retail participants. The service is intended to simplify processes for users who conduct international trade or remittances and for businesses operating across multiple jurisdictions.

Non-custodial clearing

Unlike some other digital asset exchanges, Stable.com has adopted a non-custodial framework. This approach is intended to address ongoing concerns over the risks inherent in centralised platforms, which have attracted regulatory attention. Users retain control of their funds throughout the transaction process, with Unlimit only providing the infrastructure for conversion and transfer. The company highlights that this feature removes risks tied to the holding of client assets by third parties.

Compliance footprint

Unlimit operates in more than 180 countries and holds licences in 93 financial jurisdictions. The company employs 700 staff across 17 offices worldwide. Its network includes connections to large financial institutions and payment service providers globally. These arrangements allow Stable.com to offer direct off-ramps to local currencies on a global scale, without relying on secondary entities to settle or clear transactions. The compliance resources enable the company to address regulatory requirements in regions where stablecoin transactions may otherwise be restricted.

Industry context

Stablecoins, which track the value of fiat currencies, are increasingly used for international payments and as a store of value by cryptocurrency users. However, infrastructure for moving between stablecoins and traditional currencies has been limited. Market participants have faced fees, delays, and complexity when off-ramping assets for practical use. Stable.com positions itself as a platform designed to address these challenges by streamlining the process and reducing transaction costs to zero.

"Stablecoins have established themselves as an extension of the US dollar - a powerful instrument for international trade and savings. Stable.com leverages Unlimit's unrivalled global payments infrastructure, developed over the past 16 years, to seamlessly connect the world of DeFi with traditional finance. Today, we empower the crypto industry to evolve, advance, and unlock its full potential," said Kirill Eves, CEO and Founder, Unlimit.