Uniswap, the largest Ethereum-based decentralized exchange, has added its first native fiat off-ramps, according to an announcement on Thursday. The new tool will be powered by integrations with MoonPay, Robinhood and Transak.
The move is the latest product shipped by Uniswap Labs in recent weeks, following the deployment of the much-anticipated Uniswap v4 and Unichain Layer 2.
According to a demo of the off-ramp, users can now swap supported ERC-20 tokens into USDC and other stablecoins (or ETH) and then withdraw their funds into a bank account "in seconds."
"Fiat offramping is now live, making it easier than ever to move between crypto and cash," Uniswap Labs wrote. "Starting today, users in 180+ countries can sell supported tokens to deposit funds directly into your bank account."
The off-ramp is accessed directly in the Uniswap wallet, and supported by iOS and Android. The team has planned expansions for the Uniswap browser extension and website.
Ethereum’s largest wallet, MetaMask, recently expanded its fiat off-ramp to about a dozen blockchains through a partnership with Transak.
