Unlimit, a financial technology firm focused on payment services, has introduced a new platform built to serve as a clearing hub for stablecoins.
According to the announcement made on December 2, the system operates without holding user funds and provides a direct path to convert digital assets into traditional currencies worldwide.
The company explained that the platform combines decentralized exchange features with Unlimit’s existing global payment network. This setup is meant to make trading and withdrawing stablecoins more straightforward.
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Users can exchange and cash out their tokens through a single interface, rather than relying on multiple services.
The platform enables “gasless”, fee-free transactions, to make stablecoin operations less fragmented across multiple providers.
Unlimit calls this initiative the first non-custodial stablecoin clearing house. The company supports direct currency withdrawals in more than 150 local currencies.
Founded in 2009 and headquartered in London, Unlimit provides payment infrastructure for companies in over 200 markets. The firm’s website highlights its role in connecting businesses to international financial systems through its payment network.
Chief Executive Kirill Eves described stablecoins as a digital form of the US dollar and said the new service is designed to bring together decentralized finance (DeFi) and traditional banking.
Recently, Klarna, a Swedish payments company, introduced a new stablecoin, KlarnaUSD, which is pegged to the US dollar. What did the company say? Read the full story.
