Convert Ethereum to USAD (ETH → USAD)

Swap ETH on Ethereum to USAD on Aleo in one step, without bridging it yourself. Powered by NEAR Intents.

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Swap ETH to USAD

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How to convert Ethereum to USAD

The widget above is already set to ETH on Ethereum → USAD on Aleo. The whole swap runs in one flow through NEAR Intents:

Step 1: Choose how to pay
Connect any EVM wallet such as MetaMask or Rabby that holds your ETH. Or turn on Swap from external wallet to get a deposit address and QR code you can pay from any wallet or exchange; you then add an address on Ethereum for refunds.

Step 2: Enter the amount and where to receive
Type how much ETH to swap and the Aleo address that receives the USAD, from an Aleo wallet such as Shield or FoxWallet. The widget shows how much USAD you will receive, fees included, before you confirm.

Step 3: Confirm and send
Approve the transfer in your wallet, or send the amount to the deposit address. Once it confirms on Ethereum, solvers fill the swap and the USAD is sent to your address on Aleo. If the swap can't be filled, your ETH is refunded.

Prefer to keep a balance inside NEAR Intents? The Deposit tab adds ETH to it, Swap trades within it, and Withdraw sends tokens out to their own networks.

⚠ Important: receive on an address you control. If you send the USAD to an exchange instead, check that it accepts USAD on Aleo: some exchanges don't credit deposits that come from a smart contract.

About the ETH → USAD swap

This is a cross-chain swap: your ETH leaves Ethereum and USAD arrives on Aleo. Normally that takes a bridge plus a DEX, or a centralized exchange account. With NEAR Intents the deposit, swap and withdrawal happen in one flow, and what lands in your wallet is USAD on Aleo, ready to use there with no second bridging step.

Swapping ETH to USAD converts a volatile asset into a dollar-pegged stablecoin, a common way to lock in a price or step out of market swings without off-ramping to a bank account.

About Ethereum and USAD

What is Ethereum (ETH)?

Ether (ETH) powers Ethereum, a programmable blockchain proposed by Vitalik Buterin in 2013 and launched in July 2015 by a group of co-founders. Rather than acting only as money, Ethereum runs smart contracts, which let developers deploy applications that execute exactly as written.

Type
Layer-1 smart contract platform
Launched
2015
Consensus
Proof of Stake
Max supply
No fixed cap
Swap network
Ethereum
Sector (Messari)
Smart Contract Platform
Ethereum official site ↗Sector classification by Messari ↗

How Ethereum works

Since the Merge in September 2022, Ethereum has been secured by Proof of Stake: validators lock up ETH, propose and attest to blocks, and can lose part of their stake for misbehaviour. Every operation on the network costs gas, paid in ETH: the base fee is burned, while validators receive a priority fee for including transactions.

What ETH is used for

ETH pays for transaction fees and is widely used as collateral in decentralized finance, from lending protocols to decentralized exchanges. Holders also stake it to help secure the network and earn protocol rewards.

ETH supply

Ether has no fixed maximum supply. New ETH is issued to validators, while the base fee of every transaction is burned under EIP-1559, so net supply can rise or fall depending on network activity.

Before you swap ETH

Make sure your withdrawal goes to an address on Ethereum mainnet and not to a layer-2 or another EVM network that uses the same address format. Gas prices on Ethereum fluctuate with demand, which can affect the cost of moving ETH in or out.

What is USAD (USAD)?

USAD is a dollar stablecoin on Aleo, a zero-knowledge layer-1 blockchain, issued by Paxos Labs, a spinout of Paxos. The Aleo Network Foundation and Paxos Labs announced it in October 2025, its token program was deployed on Aleo mainnet in January 2026, and the public mainnet launch followed in February 2026.

Type
Private USD stablecoin (USDG-backed)
Launched
2026
Consensus
Runs on Aleo
Max supply
No fixed cap (1:1 USDG-backed)
Swap network
Aleo
USAD official site ↗

How USAD works

USAD is created from USDG or USDC deposited on Ethereum and represented on Aleo as shares of an Ethereum vault holding USDG, the Global Dollar Network token issued by Paxos Trust Company. On Aleo, addresses, amounts and balances can stay encrypted, while a compliance service holds a view key for lawful requests and the token program enforces a freeze list.

What USAD is used for

The issuers pitch USAD at confidential payroll, business payments and treasury management, where companies do not want salaries or supplier terms visible on a public ledger. The payroll provider Toku uses it to pay teams privately.

USAD supply

There is no fixed cap. USAD is minted against deposits and redeemed for USDG on Ethereum, and the USDG behind it is backed by US dollar deposits and short-term Treasuries with monthly third-party attestations.

Before you swap USAD

USAD is delivered on Aleo, so you need an Aleo wallet such as Shield and a little ALEO for network fees. It targets the US dollar, so swaps from other dollar stablecoins should price close to parity, but liquidity is thinner than for USDC or USDT, so check the quote.

Looking for the reverse?Convert USAD to ETH →
More swaps:All ETH pairs →All USAD pairs →

Swap ETH for other tokens

ETH → USDCxETH → XLMETH → BCHETH → DASHETH → MONETH → OKB

Other ways to get USAD

NEAR → USADUSDT → USADUSDC → USADBTC → USAD

Popular token swaps

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View all token swap pairs →

ETH to USAD: frequently asked questions

What to know before swapping Ethereum for USAD

Use the widget on this page, already set to ETH on Ethereum → USAD on Aleo: connect your wallet or pay by QR code, enter the amount and your Aleo address, and confirm. NEAR Intents swaps it and sends the USAD to that address in one flow, and the widget shows the exact amount you will receive before you confirm.