For funds, professional traders, and power users, swapping large volumes of stablecoins across blockchains has long been a significant challenge. Moving serious capital means navigating technical hurdles and accepting unnecessary costs, a problem that is only intensifying as stablecoin fragmentation increases and existing liquidity solutions fail to scale. Executing a single large trade often involves bridging assets and hunting for liquidity across capital-intensive automated market makers (AMMs), all while racing against market volatility. For example, moving up to $1M in native USDT between major chains like Ethereum, Solana, Tron, and NEAR often results in a slow, expensive, and complex process, with slippage and high fees eating into capital. This journey has simply been accepted as the cost of doing business in a fragmented, multi-chain world. But what if the infrastructure could bypass those inefficiencies entirely?
Today, we are announcing a significant milestone for the NEAR ecosystem and DeFi in general. With this novel, highly capital-efficient approach powering NEAR Intents, users can now execute large stablecoin swaps with increased efficiency. This system moves beyond the limitations of traditional AMMs by leveraging the fundamental 1-to-1 redeemability of compliant stablecoins. When a user initiates a large swap, a network of solvers fulfills the order with maximum capital efficiency. These solvers will utilize a novel liquidity protocol that will be announced soon. This approach ensures users receive the best possible execution rates (up to $1M) with minimal fees (around 1 basis point), all without requiring KYC for the end user. This provides traders with an effective tool for executing high-volume swaps with better pricing and efficiency.
The initial phase supports USDT cross-chain swaps, with USDC, USD1, USDH, and many other stablecoins coming soon.
Effective technology requires an accessible user experience. To that end, we are pleased to welcome StableFlow, developed by the team at DapDap, to the ecosystem as a dedicated interface for stablecoin swaps. Alongside our network of existing partners like KyberSwap and Trust, StableFlow provides a simple, intuitive, and efficient gateway to the liquidity and optimal pricing of NEAR Intents. This allows traders and funds to focus on their strategy instead of the complex mechanics of the swapping process. This new functionality marks an end to the era of inefficient and high-cost stablecoin trading and introduces a new standard of capital efficiency, powered by NEAR.
