Unlimit Launches Non-Custodial Stablecoin Clearinghouse

Unlimit Launches First Non-Custodial Stablecoin Clearinghouse for Gasless Conversions

3 December 2025 at 08: 53

Reading time: 2 minutes

Unlimit, an innovative fintech payment provider, has launched a non-custodial platform that serves as a clearinghouse for major stablecoins, offering instant global off-ramps. This initiative aims to simplify the stablecoin swap process by combining decentralized exchange technology with the company's existing global payment network.

According to the announcement made Tuesday, the platform will allow users to swap and convert stablecoins through a single interface. This should reduce fragmentation in the stablecoin market by enabling "gasless" and zero-commission conversions. With this approach, Unlimit aims to improve accessibility and user-friendliness within the stablecoin ecosystem.

Unlimit positions this service as the “first non-custodial stablecoin clearinghouse,” offering instant off-ramps in over 150 currencies. Founded in London in 2009, the company provides payment infrastructure to businesses in 200 jurisdictions worldwide.

In a statement, CEO Kirill Eves emphasized that stablecoins are increasingly functioning as a digital "extension of the US dollar" and sees the platform as a bridge between the world of decentralized finance (DeFi) and the traditional financial sector. It is not yet known which stablecoins will initially be supported on the platform, leaving room for strategic choices in the future.

Fintechs are increasingly focusing on stablecoins

Recently, several global fintech payment companies have entered the crypto market, with a specific focus on the stablecoin sector. In May, Stripe introduced stablecoin-based accounts. Customers can use these accounts to send, receive, and hold balances in USDC and Bridge's USDB, which makes it as intuitive to use as a traditional dollar account. This innovative offering is thanks to Stripe's acquisition of Bridge in 2024 and has now been rolled out to clients in over 100 countries.

A few months later, in October, Revolut announced it was enabling 1:1 conversions between US dollars and major stablecoins. This allows Revolut's 65 million users to convert up to $578.630 every 30 days without paying fees or spreads. This development aims to reduce the friction between fiat and crypto to minimize, as Leonid Bashlykov, Head of Crypto Product at Revolut, explains in his LinkedIn post.

Additionally, Jack Dorsey's fintech company Block (formerly Square) announced in November that it would add stablecoin sending and receiving functionality to its Cash App platform. Traditional payment giants like Visa and Mastercard are also getting involved in this dynamic market. In October, Visa unveiled plans to support stablecoins on four different blockchains, with CEO Ryan McInerney assuring shareholders that the company would further expand its stablecoin offerings after a strong year. That same month, Mastercard announced a partnership with Thunes to enable near-real-time payouts to stablecoin wallets via the Mastercard Move network.

The total market capitalization of stablecoins currently stands at approximately $306,8 billion, according to data from DefiLlama. This highlights the growing acceptance and potential of stablecoins within the broader financial infrastructure.

Frequently Asked Questions

What is the importance of non-custodial platforms for the stablecoin market?
Non-custodial platforms like Unlimit offer users greater control over their assets while reducing the complexity of crypto transactions. This increases accessibility and contributes to the adoption of stablecoins.

How do fintech companies influence stablecoin adoption?
Fintech companies are accelerating the adoption of stablecoins by providing user-friendly solutions that integrate traditional financial services with blockchain technology, bridging the gap between fiat and crypto.

What are the future prospects for stablecoins?
The future of stablecoins seems promising, given the growing interest from both fintechs and established financial institutions. Their integration into everyday financial transactions could lead to wider acceptance and use across various sectors.

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