What wallet do I need to receive USDCx?

USDCx is sent on Aleo, so you need an Aleo wallet such as Shield or FoxWallet. Use an address you control; if you send to an exchange, check that it accepts USDCx on Aleo, as some exchanges don't credit deposits that come from a smart contract.

Do I need KYC or an account to swap NEAR to USDCx?

No. There is no sign-up, no email and no ID verification: you pay NEAR from your own wallet and receive USDCx at an address you choose. NEAR Mobile Swap is only an interface to the NEAR Intents protocol and never asks for personal data.

How long does a NEAR to USDCx swap take?

The swap itself settles in seconds once your NEAR deposit is confirmed on NEAR. Total time depends mostly on how many confirmations NEAR needs for the deposit, plus the withdrawal to Aleo.

Convert NEAR Protocol to USDCx on Aleo (NEAR → USDCx)

Q: Who holds my NEAR during the swap?

NEAR Mobile never does. Your NEAR goes to a deposit address created for your quote, NEAR Intents settles the swap on-chain, and the USDCx is sent straight to your address on Aleo. If the swap can't be filled, the NEAR is refunded to your wallet or refund address. Funds you keep in a NEAR Intents balance (Deposit tab) can only be moved with your wallet's signature.

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

No KYC
No account
Self-custody

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How to convert NEAR Protocol to USDCx on Aleo

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

Step 1: Choose how to pay
Connect a NEAR wallet such as NEAR Mobile or Meteor that holds your NEAR. 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 NEAR for refunds.

Step 2: Enter the amount and where to receive
Type how much NEAR to swap and the Aleo address that receives the USDCx, from an Aleo wallet such as Shield or FoxWallet. The widget shows how much USDCx 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 NEAR, solvers fill the swap and the USDCx is sent to your address on Aleo. If the swap can't be filled, your NEAR is refunded.

Prefer to keep a balance inside NEAR Intents? The Deposit tab adds NEAR 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 USDCx to an exchange instead, check that it accepts USDCx on Aleo: some exchanges don't credit deposits that come from a smart contract.

About the NEAR → USDCx swap

This is a cross-chain swap: your NEAR leaves NEAR and USDCx 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 USDCx on Aleo, ready to use there with no second bridging step.

Swapping NEAR to USDCx 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 NEAR Protocol and USDCx on Aleo

What is NEAR Protocol (NEAR)?

NEAR Protocol is a smart contract platform co-founded by Illia Polosukhin and Alexander Skidanov, with its mainnet going live in 2020. The network focuses on usability, offering human-readable account names such as alice.near instead of long hexadecimal addresses. It is also the chain behind NEAR Intents, the cross-chain swap system that NEAR Mobile Swap uses.

Type: Layer-1 blockchain
Launched: 2020
Consensus: Proof of Stake (Nightshade sharding)
Max supply: No fixed cap
Swap network: NEAR
Sector (Messari): Smart Contract Platform

NEAR Protocol official site ↗Sector classification by Messari ↗

How NEAR Protocol works

Validators stake NEAR in a Proof of Stake system to produce blocks and confirm transactions. Nightshade sharding splits the network into parallel shards that process transactions side by side, which lets capacity grow as more shards are added.

What NEAR is used for

NEAR is spent on transaction fees and contract storage, and it is delegated to validators by holders who want staking rewards. Developers also use the chain for decentralized apps, AI agents and chain abstraction tools that operate across several blockchains.

NEAR supply

NEAR started with a genesis supply of one billion tokens and has no hard cap. New tokens are minted each epoch to reward validators, with the maximum annual inflation rate halved from 5% to 2.5% in October 2025, while at least 70% of every transaction fee is burned.

Before you swap NEAR

When withdrawing to NEAR, you can send to a named account (like name.near) or to a 64-character implicit account, so check you have the correct one. Keep a little NEAR in your wallet to cover gas and storage for future transactions.

What is USDCx on Aleo (USDCx)?

USDCx is a dollar stablecoin on Aleo, the zero-knowledge layer-1 network, backed one-for-one by USDC held in Circle xReserve. It is not native USDC: Circle issues USDC, while USDCx is a USDC-backed token that Aleo launched using xReserve. It went live on testnet in December 2025 and on mainnet in January 2026.

Type: USDC-backed private stablecoin
Launched: 2026
Consensus: Runs on Aleo
Max supply: No fixed cap (1:1 USDC-backed)
Swap network: Aleo

USDCx on Aleo official site ↗

How USDCx on Aleo works

To mint, a user deposits USDC into the xReserve contract on Ethereum or Arc; Circle attests the deposit and the Aleo bridge program mints USDCx. Burning USDCx on Aleo releases USDC on those chains. On Aleo, sender, receiver and amount are encrypted by default, but private transfers also create a compliance record for a designated address, and a freeze list blocks sanctioned addresses.

What USDCx is used for

Aleo and Circle position USDCx for payroll, vendor payments, remittances, aid distribution and DeFi, where people want dollar settlement without publishing balances and counterparties. Launch partners included the payroll provider Toku.

USDCx supply

There is no fixed cap. Supply rises when USDC is locked in xReserve and falls when USDCx is burned to withdraw it, keeping a 1:1 link with the USDC in reserve.

Before you swap USDCx

USDCx is delivered on Aleo, so you need an Aleo wallet such as Shield and a little ALEO for fees. Its privacy features only apply on Aleo; USDCx on Movement is a separate token. It targets the US dollar, so swaps from USDC or USDT should price close to parity.

Looking for the reverse?Convert USDCx to NEAR →

More swaps:All NEAR pairs →All USDCx pairs →

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NEAR to USDCx: frequently asked questions

What to know before swapping NEAR Protocol for USDCx on Aleo

Use the widget on this page, already set to NEAR on NEAR → USDCx 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 USDCx to that address in one flow, and the widget shows the exact amount you will receive before you confirm.