Digital asset infrastructure firm Mercuryo has launched Swaps, a conversion service that lets users exchange holdings across 38 digital tokens and multiple blockchain networks. The product offers 700 potential trading pairs, and support for different blockchain transport layers brings the total number of available swap routes to 1,400.

According to Mercuryo, the launch is intended to give users greater flexibility in managing cryptocurrency portfolios as market conditions shift. Swaps uses fixed quotes, zero slippage and transparent pricing, which the company says helps users understand the terms of a conversion before completing a transaction. By combining 38 digital assets with multiple blockchain networks, the service expands the conversion options available to users seeking to adjust their holdings without relying on separate services for every token or network.

Broad Token Coverage and Multichain Support

The service supports major cryptocurrencies including Bitcoin, Ethereum, Tether's USDt, USDC, Solana, Litecoin, BNB, TRON, XRP, Cardano, Avalanche, Polkadot and Sui. It also covers meme coins and other digital assets such as Dogecoin, Pepe, Shiba Inu and Kaspa.

Network support extends across Ethereum, Polygon, BNB Smart Chain, Solana, Arbitrum, Base, TRON, NEAR Protocol, TON, Avalanche, Bitcoin, XRP Ledger, Stellar and Bitcoin Cash, among others.

The combination of token and network support is designed to simplify conversions for users whose assets are distributed across different blockchain ecosystems. The multichain approach reflects how digital asset activity is now spread across many independent networks, meaning users often hold assets across several chains at once. Depending on the supported routes, users can select conversion options that better match their portfolio requirements and intended destination networks.

Mercuryo sources liquidity for Swaps through a cryptocurrency exchange that applies anti-money laundering controls. The service has not been made universally available: users in the United States, the United Kingdom and the European Economic Area are excluded, leaving the rollout focused on other markets at launch.

Fixed quotes are intended to provide clarity on the exchange terms presented to users. The company's zero-slippage model is designed to prevent the final conversion rate from moving away from the quoted rate during a transaction, although users should still consider applicable fees, network costs and the specific terms of each conversion.

Swaps Targets Traders and Everyday Crypto Users

Mercuryo Chief Business Officer Arthur Firstov described the service as a tool for responding to changing market conditions. Users may choose to move into assets with higher perceived growth potential or shift into stablecoins to reduce exposure to cryptocurrency price fluctuations.

One potential use case involves remote workers who receive their income in Bitcoin but prefer to convert part of their earnings into a dollar-pegged stablecoin for more predictable short-term value. Another involves decentralized finance users who regularly move between tokens as opportunities and portfolio requirements change. Stablecoins such as USDt and USDC are tokens designed to track a reference value, typically the US dollar, and are widely used across crypto markets for trading and payments.

The product is designed to support both routine portfolio management and more active trading by providing access to a broad selection of tokens and conversion routes through a single service. Stablecoins, however, do not eliminate every financial risk: their value depends on the issuer, reserve arrangements and market conditions, while other cryptocurrencies can experience substantial price volatility.

Stablecoin Demand Increases on Mercuryo's Platform

The launch follows transaction data published by Mercuryo covering the first six months of 2026. The figures showed stablecoins increasing their share of the company's on-ramp transaction volume from 43% to 60% over the period. On-ramp services allow users to convert traditional money into digital assets, meaning stablecoins accounted for a majority of Mercuryo's on-ramp volume by the end of the measured period.

During the same six months, Bitcoin and Ethereum prices declined by 33.2% and 47.3%, respectively, according to figures provided by Mercuryo. The company interprets the increase in stablecoin activity as evidence that retail customers are becoming more selective about their digital asset purchases and increasingly seeking ways to limit exposure to market volatility. The data does not independently establish why users changed their behavior, but it highlights the growing role of stablecoins in cryptocurrency transactions on Mercuryo's platform.

Competition Shifts Toward Flexible Crypto Conversions

Swap-style conversion tools have become a common feature across the crypto industry, with services typically differentiated by token coverage, network support, pricing and execution terms. Swaps adds a conversion service to Mercuryo's broader digital asset offering, potentially helping the company serve users who want to manage multiple tokens and blockchain networks more efficiently. Its longer-term performance will depend on user adoption, liquidity, pricing and the availability of supported conversion routes across eligible markets, while regional availability remains a variable to monitor given the current exclusions.

Source: CoinTrust