Unlimit has launched Stable.com, a decentralized clearing house built specifically for stablecoins, the fintech company said in a press release Tuesday.
The firm said the service is the first to pair non-custodial stablecoin swaps with direct global off-ramps, aiming to make dollar-pegged tokens more practical and easier to use.
Stable.com lets users trade among major stablecoins with no gas fees or commissions while retaining full control of their funds.
By linking these decentralized rails to Unlimit’s global payments network, the platform enables conversions into local currencies across more than 150 markets and through over 1,000 payment methods, in an effort to cut out the friction and custodial risks common to older crypto platforms.
Stablecoins are cryptocurrencies pegged to assets like fiat currencies or gold. They underpin much of the crypto economy, serving as payment rails and a tool for moving money across borders.
A clearinghouse is a financial intermediary that stands between buyers and sellers to settle trades, manage counterparty risk and ensure transactions are completed smoothly.
Unlimit framed the platform as an attempt to streamline a stablecoin market that has grown increasingly fractured. By bringing major tokens under one 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 stablecoins were an emerging “extension of the U.S. dollar” and a growing tool in global commerce, in the release. He added that Stable.com is designed to bridge decentralized finance (DeFi) with traditional financial systems.
Unlimit, founded in 2009, serves tens of thousands of businesses and more than a billion users. Its global licensing and payments footprint, the company said, gives Stable.com the regulatory and infrastructural backing to launch as a full-fledged platform rather than a pilot.
Read more: Stablecoins Will Be Bigger Than Bitcoin
