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 USDC to USDCx?

No. There is no sign-up, no email and no ID verification: you pay USDC 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 USDC to USDCx 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 USDCx on Aleo (USDC → USDCx)

Q: 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 USDCx 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.

Swap USDC on Ethereum 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 USD Coin to USDCx on Aleo

The widget above is already set to USDC on Ethereum → USDCx 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 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 Ethereum, solvers fill the swap and the USDCx 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 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 USDC → USDCx swap

This is a cross-chain swap: your USDC leaves Ethereum 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.

USDC and USDCx 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 USDCx on Aleo

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 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 USDC →

More swaps:All USDC pairs →All USDCx pairs →

Swap USDC for other tokens

USDC → XLM USDC → BCH USDC → DASH USDC → MON USDC → OKB USDC → STRK

Other ways to get USDCx

BTC → USDCx ETH → USDCx NEAR → USDCx USDT → USDCx

Popular token swaps

BTC → USDC ETH → USDC SOL → USDC NPRO → USDC BTC → ETH ETH → NEAR BTC → SOL ETH → SOL

View all token swap pairs →

USDC to USDCx: frequently asked questions

What to know before swapping USD Coin for USDCx on Aleo

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