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Send Swift Transfers From Your Stablecoin Treasury

2 min read
Send Swift Transfers From Your Stablecoin Treasury

For fifty years, the only thing on the other end of SWIFT was a bank account. Now it's a stablecoin treasury.

SWIFT is slow, expensive, and hasn't changed much since 1973. It's also the default rail for cross-border bank transfers and how half the world still gets paid. With Altitude, businesses can now send SWIFT transfers to counterparty bank accounts in over 200 countries, funded directly from your USDC balance.

Keep your treasury in stablecoins.

Send global SWIFT transfers directly from Altitude.

Manage your stablecoin and fiat workflows from one platform.

Stablecoin-First, Fiat-Compatible

SWIFT transfers are now a native feature built right into your stablecoin treasury. Send transfers directly from your USDC balance to over 11,000 bank accounts using standard SWIFT details. All SWIFT transfers appear with your company name in the payment reference, so recipients can easily recognize the source and match it to your invoice. Pay out in local currencies to more than 200 countries, all with zero platform fees.

For the receiving side of this workflow, see Due's guide to USD SWIFT virtual accounts, which explains how businesses can collect international USD payments through dedicated account details.

Business Banking That Runs on Stablecoins

SWIFT transfers connect stablecoin treasury to bank accounts without changing how you operate. Stablecoin-first for global, always-on 24/7 settlement. Bridging traditional banking rails when you need it.

The question is no longer stablecoins or banks. With Altitude, they simply work as one.

SWIFT transfers are rolling out to select customers today. If you're already operating on Altitude and want early access, reach out to our team to gain access.

Disclaimers

  1. Footnote 1.

    Altitude is a self-custodial digital asset account (the "Altitude Account") provided by Selimor Investments Limited ("Squads"), a financial technology platform. Squads is not a bank or digital asset custodian. Squads provides software that enables eligible businesses to establish Altitude Accounts and conduct transactions using stablecoins.

  2. Footnote 2.

    Squads does not take custody of customer funds. Stablecoin balances are held in self-custodial wallets controlled by the customer through cryptographic keys.

  3. Footnote 3.

    Squads does not provide banking services. Connectivity to banking rails, including ACH, SEPA, Wire and SWIFT, is made available through third-party partners.

  4. Footnote 4.

    Stablecoins available through Altitude are issued by third parties. Squads is not a stablecoin issuer, does not make any promise and does not have any obligation to redeem stablecoins. Reserves backing stablecoins are held by the issuers, not by Squads.

  5. Footnote 5.

    Balance information denominated in fiat currency is for informational purposes only. Stablecoin balances are not bank deposits and are not insured by the Federal Deposit Insurance Corporation (FDIC), the Securities Investor Protection Corporation (SIPC) or any other government agency.

  1. Footnote 6.

    Eligible Altitude Account customers may earn rewards based on use of the services and the Altitude Account. Rewards are not interest and the Altitude Account is not an interest-bearing or yield-generating product. Rewards are not available in certain jurisdictions. Eligibility, rates and terms are determined at the time of enrollment and are governed by the Altitude Supplemental Terms.

  2. Footnote 7.

    FX and cross-border payment services are made available through partners. Exchange rates and applicable fees are disclosed at the time of transaction. Squads does not provide foreign exchange dealing services directly.

  3. Footnote 8.

    Services are available only to eligible businesses in supported jurisdictions and are subject to identity verification, business verification (KYB), sanctions screening and ongoing compliance monitoring. Certain products are subject to additional jurisdictional restrictions. Squads reserves the right to decline or terminate services in accordance with applicable law and its terms of service.

  4. Footnote 9.

    The Altitude Card Cashback Rewards Program is operated and funded by Squads. Subject to Altitude Card Cashback Rewards Program terms.

  5. Footnote 10.

    For more information, see the Squads Terms of Service, the Altitude Supplemental Terms, the Privacy Policy, and the terms of service of relevant third-party service providers.