Unlimit Enters Stablecoin Infrastructure Race With Decentralized...

The new platform lands amid a wave of fintech adoption of stablecoins for global transfers, payouts and onchain settlement.

Fintech payments provider Unlimit has launched a non-custodial platform designed to act as a clearinghouse for major stablecoins and provide direct global off-ramps.

The company said the service will simplify stablecoin swaps by pairing decentralized exchange mechanics with its existing global payments network.

According to Tuesday’s announcement, the platform will enable users to swap and cash out stablecoins through a single interface, aiming to reduce fragmentation in the stablecoin market under “gasless” and zero-commission conversions.

Unlimit describes the service as the “first non-custodial stablecoin clearing house,” offering direct off-ramps in more than 150 currencies.

Founded in 2009 in London, Unlimit provides payment infrastructure to businesses across 200 jurisdictions worldwide, according to the company’s website.

In a statement, CEO Kirill Eves said stablecoins are increasingly functioning as a digital “extension of the US dollar” and framed the platform as a way to “connect the world of DeFi with traditional finance.”

The company did not say which stablecoins the platform will initially support.

Related: Coinbase’s x402 adds identity checks to power AI stablecoin payments

Several global fintech payment companies have recently entered the crypto space, particularly targeting the stablecoin sector.

Source: CoinTelegraph