STABLECOIN
TRANSFERS
Pay USDT and USDC out on any supported network. Settlement happens on the chain you picked, screening runs in the background, and if anything escalates, Swapcoin does not add an extra penalty on top of what's returned.
Need the sender chain and amount to stay out of public view too? Compare with confidential payments.
Six things that make a stablecoin payment different
Not a wallet, not a bridge, not a custodial account. A settlement rail that keeps payer and payee apart while still screening both of them.
Privacy
Same-network settlement
When both legs sit on one chain, the swap settles natively on that chain. No bridge, no lock-and-mint, no wrapped copy of your asset — the cheapest, fastest leg available, with no bridge counterparty anywhere in the path.
Payer and payee are not directly joined on-chain
Nothing is forwarded wallet-to-wallet through this flow. Incoming amounts are swept into a netted position and outbound amounts are paid from it, so a recipient's address is not exposed to the payer through this flow, and no single public transaction record directly connects the two. What is visible is aggregate flow through the settlement accounts, not a bilateral relationship.
Compliance
Background AML screening, no routine KYC
Every request is screened automatically while it runs. Sanctions and PEP lists, known obfuscation contracts, high-risk and darknet exchange exposure, source-of-funds heuristics, velocity. Swapcoin does not request a passport, a selfie, or a document upload for the quote or the wallet request itself — a provider on a specific route may still apply its own checks.
High AML risk stops settlement
If screening escalates, settlement stops. Swapcoin does not add an additional refund penalty or commission on a stopped request — the actual refund amount, and any network or provider costs already incurred, follow the quote, the provider and the route taken. Escalation is a designed outcome, not a punishment.
Execution
Institutional-grade outbound settlement
Payouts are never sent from whatever address the payment arrived on. Each transfer executes from a rotating pool of segregated settlement accounts — individually screened, ring-fenced and collateralised, funded by tier-1 exchange and institutional liquidity counterparties.
Locked rate, no spread creep
The quoted rate is the filled rate. No sandwiching, no hidden route cost, no surprise spread between the number you saw and the number you received. MEV-protected quoting on every request.
No transfer runs directly from the payer to the payee
Inbound amounts are swept into a netted settlement position. Outbound amounts are paid from that position. The two addresses do not meet in a single transaction — not on the same network, not on a different one.
Payer wallet
Sends the exact quoted amount. Address is screened, then swept — not forwarded onward.
Settlement accounts
Segregated, ring-fenced accounts. Your payment is netted, not attributed to a specific payee on-chain.
Recipient wallet
Receives a clean, exchange-grade source. No direct exposure to the payer, none to the payer's history.
Because settlement is netted rather than forwarded, an observer can see aggregate flow through the accounts — but cannot straightforwardly derive which payer funded which recipient. We treat this as data minimisation, not as an anonymity product: address data is never sold, published, or correlated for third parties, and this is not an absolute unlinkability guarantee.
Segregated, never commingled
Each settlement account is ring-fenced and collateralised. Client positions are never lent out, mixed together, or exposed to another client's activity.
Account selection is automatic
Which account pays out is chosen by the engine from the eligible pool. It is never user-controlled, never user-influenced, and never revealed in advance.
Tracked end to end
Every request moves through a public status timeline — quoting, processing, settled or under review — so you always know where a payment stands.
Same-network settlement by asset
When both legs sit on one network, the swap settles natively there. No bridge, no lock-and-mint, no wrapped representation of your asset — the same asset you sent is the asset that arrives.
| Asset | Same-network pair | Settles natively on | Cross-network |
|---|---|---|---|
| USDT | USDT → USDT | Tron · BNB Chain · Ethereum · Arbitrum · Optimism | Live catalog |
| USDC | USDC → USDC | Ethereum · Arbitrum · Base · Solana · Avalanche · Polygon | Live catalog |
| DAI | DAI → DAI | Ethereum · Arbitrum · Base · Polygon · Gnosis | Live catalog |
| USDE | USDE → USDE | Ethereum · Arbitrum · Avalanche · Polygon | Live catalog |
| FRAX | FRAX → FRAX | Ethereum · Arbitrum · Base · Avalanche | Live catalog |
| PYUSD | PYUSD → PYUSD | Ethereum · Arbitrum · Base · Polygon | Live catalog |
Indicative availability — live pair coverage opens and closes with liquidity, so treat the app and the pairs page as the source of truth. Cross-network legs route through the live swap catalog — currently 18 networks; the full network list is on the Networks page.
Screening runs on the transaction, not on your identity
We don't ask who you are for the quote or the wallet request. We check where the value comes from and where it goes — automatically, in the background, on every single request.
Automated, continuous, no human gate
The same class of checks banks run, applied to the transaction itself. Most requests clear in seconds and proceed straight to quoting.
- Sanctions & PEP lists — every address checked against current watchlists on both legs of the payment.
- Obfuscation contracts — known mixers, chain-hopping and privacy-layer contracts, directly or transitively.
- Counterparty exposure — high-risk and darknet exchange exposure anywhere in the address history.
- Source-of-funds heuristics — provenance, holding pattern and value-consistency signals.
- Velocity & structuring — patterns consistent with deliberate threshold avoidance.
- Route & provider exposure — the DEXes, bridges and liquidity sources a route touches.
An underlying provider may still apply its own screening or KYT on specific routes. Read more: AML screening, not routine KYC.
What each score means for your money
Escalation is not a punishment. It is the mechanism that keeps a no-routine-KYC rail usable — the payment stops, and Swapcoin does not add an extra charge on top of what's returned.
- Clean / low risk — settles automatically, usually in seconds. No delay, no notification needed beyond the status update.
- Ambiguous / elevated — held for manual review and typically resolved within 1–2 hours. No payout leaves until the request clears.
- High risk — settlement stops. Swapcoin does not add an additional refund penalty or commission on a stopped request — the actual refund amount, and any network or provider costs already incurred on that specific route, follow the quote, the provider and the route taken.
- Failed settlement — if no outbound route clears, the payment is treated as a failed settlement and refunded on the same no-added-penalty basis.
You can follow any request through request status at every stage.
Transfer, bridge, or confidential swap
A transfer and a confidential swap share the same settlement model — the difference is whether the sender chain and the amount stay out of public view on the way through. A bridge works differently: it custodians the asset in the middle.
| What you get | SWAPCOIN transfer | Bridge | Confidential swap |
|---|---|---|---|
| Payer linked to payee on-chain | Not direct — netted settlement | Yes — the leg is public | Not direct — netted settlement |
| Sender chain visible | Yes | Yes | Reduced — routed through the confidential layer |
| Amount visible in the settlement leg | Yes | Yes | Reduced — private relay |
| Counterparty in the path | Segregated settlement accounts | The bridge, via custodianship | Segregated settlement accounts |
| Wrapped or minted copy of the asset | No | Usually — lock and mint | No |
| Documents or routine KYC from Swapcoin | None | Varies by bridge | None |
| If the outbound route fails | Refunded, no added penalty | Varies | Refunded, no added penalty |
Same settlement, reduced sender-chain visibility
If you also need the sender network and the amount to stay out of public view, a confidential swap routes the value through NEAR Intents' confidential settlement layer. Read how confidential payments work.
Frequently asked
Just the essentials, answered plainly.
Do I need to complete KYC to send a stablecoin payment?
My payment was flagged by screening. What happens to my money?
Does the recipient ever see my wallet address?
What is the difference between a transfer and a confidential swap?
Which networks and stablecoins are supported?
What if the payout to the recipient fails?
Can I cancel a stablecoin payment?
What data do you store?
Send stablecoins
on your terms.
Pick a network, get a locked rate, and follow the request end to end.