Convert USDCx on Aleo to Ethereum (USDCx → ETH)

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

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Swap USDCx to ETH

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How to convert USDCx on Aleo to Ethereum

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

Step 1: Choose how to pay
Connect an Aleo wallet such as Shield or FoxWallet that holds your USDCx. 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 Aleo for refunds.

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

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

About the USDCx → ETH swap

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

Swapping USDCx to ETH is how you buy Ethereum with US dollars you already hold on-chain: you pay in a stablecoin and receive ETH directly on Ethereum.

About USDCx on Aleo and Ethereum

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.

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.

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

Swap USDCx for other tokens

USDCx → NEARUSDCx → USDTUSDCx → USDCUSDCx → BTC

Other ways to get ETH

XLM → ETHBCH → ETHDASH → ETHMON → ETHOKB → ETHSTRK → ETH

Popular token swaps

BTC → ETHETH → NEARETH → SOLETH → USDTETH → USDCETH → XRPETH → BNBETH → AVAXETH → ARBBTC → SOLBTC → USDTBTC → USDCBTC → XRPSOL → USDCNEAR → USDTBTC → NEARBTC → DOGESOL → NEARBTC → ADABTC → LTCNPRO → NEARNPRO → USDC

View all token swap pairs →

USDCx to ETH: frequently asked questions

What to know before swapping USDCx on Aleo for Ethereum

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