fiat/swaps
fiat/swaps

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HelpGetting startedHow Fiatswaps works

How Fiatswaps works

From a fiat payment to USDC in a recipient wallet

Written by Fiatswaps

Last updated July 28, 2026

Fiatswaps issues each recipient a virtual bank account. Payments arriving in that account are swapped to USDC and sent to the recipient's USDC wallet.

What you set up

You add a recipient, they provide a USDC wallet, and they complete KYC or KYB. Once those are done, Fiatswaps issues their virtual bank account.

What happens to a payment

A payer sends fiat to the recipient's account details. Fiatswaps receives the payment, swaps it to USDC, and sends the USDC to the recipient's wallet. The completed swap appears in your dashboard.

Frequently asked questions

Does the recipient need a Fiatswaps account?

No. You add the recipient from your workspace and they complete their own verification through a link you share.

Which currencies can a recipient receive?

EUR through an EUR IBAN and USD through a USD SWIFT account.

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  • What you set up
  • What happens to a payment