Unlimit has launched Stable.com, a decentralized clearinghouse built specifically for stablecoins, the fintech company said in a press release on Tuesday.
The company says the service is the first to combine non-custodial stablecoin swaps with direct global exports, aiming to make USD-pegged tokens more practical and easier to use.
Stable.com allows users to trade between major stablecoins without paying gas fees or commissions while retaining full control of their funds.
By connecting these decentralized rails to Unlimit’s global payments network, the platform can be exchanged for local currencies in more than 150 markets via more than 1,000 payment methods, eliminating the friction and custody risks common to older cryptocurrency platforms.
Stablecoins are cryptocurrencies that are pegged to fiat currencies or assets such as gold. They underpin much of the crypto economy, serving as payment rails and vehicles for moving funds across borders.
A clearing house is a financial intermediary that sits between buyers and sellers and is responsible for settling transactions, managing counterparty risk, and ensuring transactions are completed smoothly.
Unlimit positions the platform as an attempt to simplify the increasingly fragmented stablecoin market. By bringing major coins into one interface and connecting them to established fiat payment channels, Stable.com can make stablecoins easier to use for everyday transactions, the company said.
Unlimit CEO and founder Kirill Eves said in a press release that stablecoins are an emerging “extension of the U.S. dollar” and a growing tool in global commerce. He added that Stable.com aims to bridge decentralized finance (DeFi) with traditional financial systems.
Founded in 2009, Unlimit serves tens of thousands of businesses and more than 1 billion users. The company said its global licensing and payments footprint provides Stable.com with the regulatory and infrastructure support to enable it to launch as a full-fledged platform rather than a pilot.
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