What wallet do I need to receive USAD?

USAD 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 USAD on Aleo, as some exchanges don't credit deposits that come from a smart contract.

Do I need KYC or an account to swap USDC to USAD?

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

Who holds my USDC during the swap?

NEAR Mobile never does. Your USDC goes to a deposit address created for your quote, NEAR Intents settles the swap on-chain, and the USAD is sent straight to your address on Aleo. If the swap can't be filled, the USDC 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.

How long does a USDC to USAD swap take?

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

Convert USD Coin to USAD (USDC → USAD)

Swap USDC on Ethereum to USAD 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 USD Coin to USAD

The widget above is already set to USDC 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 USDC. 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 USDC 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 USDC is refunded.

Prefer to keep a balance inside NEAR Intents? The Deposit tab adds USDC 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 USDC → USAD swap

This is a cross-chain swap: your USDC 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.

USDC and USAD are both dollar-pegged stablecoins, so the rate stays close to 1:1. People swap between them to move to the stablecoin a protocol or exchange accepts, or to change issuer or network without cashing out.

About USD Coin and USAD

What is USD Coin (USDC)?

USDC is a US dollar stablecoin issued by Circle, first launched in September 2018 through the Centre consortium that Circle founded with Coinbase. Circle now manages the token directly, and USDC is issued natively on a range of blockchains, with Ethereum among the largest.

Type: Fiat-backed stablecoin
Launched: 2018
Consensus: Inherits the consensus of each host blockchain
Max supply: No fixed cap (minted and redeemed on demand)
Swap network: Ethereum
Sector (Messari): Stablecoins

USD Coin official site ↗Sector classification by Messari ↗

How USD Coin works

Each USDC is meant to be redeemable for one dollar, and Circle mints or burns tokens as institutional customers deposit or withdraw funds. Reserves are held in cash and short-dated US government obligations, largely through a dedicated fund, and Circle publishes regular reports on their composition.

What USDC is used for

USDC is widely used for settlement and payments, both in crypto markets and in business transfers that benefit from moving dollars at any hour. In decentralized finance it serves as a common unit for lending, liquidity pools and trading.

USDC supply

Supply is elastic: USDC is created when dollars are deposited and destroyed when it is redeemed. Circle aims to keep reserves equal to or greater than the amount of USDC in circulation.

Before you swap USDC

The widget defaults to USDC on Ethereum, but the same token also lives on Solana, NEAR, Base and other chains, so select the network your wallet actually uses. Beware of bridged versions with similar names, which are not the same as natively issued USDC.

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 USDC →

More swaps:All USDC pairs →All USAD pairs →

Swap USDC for other tokens

USDC → USDCx USDC → XLM USDC → BCH USDC → DASH USDC → MON USDC → OKB

Other ways to get USAD

BTC → USAD ETH → USAD NEAR → USAD USDT → USAD

Popular token swaps

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View all token swap pairs →

USDC to USAD: frequently asked questions

What to know before swapping USD Coin for USAD

Use the widget on this page, already set to USDC 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.