IYP · Cross-Border Payments
Cross-Border Payments, Rebuilt on Stablecoin Rails
USDC to INR. Same-day. Transparent. Built on GIFT City infrastructure under the IFSCA Payment Services framework.
The problem with sending $10K+ to India
Moving large sums to India remains slow, expensive, and opaque. Banks charge 2–3% in hidden FX markups and take 1–3 business days. Wise and specialist corridors improve on price (0.6–1.2%) but still layer fees, apply mid-market deviations, and offer limited transparency on conversion timing. For a $50,000 transfer, that is $300–1,500 lost to intermediary friction — capital that belongs in the beneficiary's account, not in correspondent bank margins.
Banks
Wise
aarna
FX spread
2–3%
0.6–1.2%
0% (mid-market)
Settlement time
1–3 business days
Same day to 1 day
Same business day
Fee on $50,000
$1,000–1,500
$300–600
$100–150
FX transparency
Hidden markup
Mid-market stated
On-chain, verifiable
How it works
Send USDC on-chain
From any compliant wallet to aarna's GIFT City settlement address
aarna receives at GIFT City
IFSCA-regulated entity confirms receipt and initiates conversion
Circle Mint redeems USDC to USD
1:1 at par, zero conversion spread¹
OBU converts USD to INR
Kotak, HSBC, or ICICI GIFT City banking unit at mid-market rate
RTGS/NEFT to beneficiary
INR credited to any Indian bank account, same business day
Corridors
US → India
Primary corridor, live at launch
Singapore → India
Leveraging aarna's Singapore parent entity
UAE → India
Addressing the Gulf–India remittance corridor
Pricing
Mid-market FX rate. Flat 0.20–0.30% fee. No hidden spreads, no correspondent bank markups.
On a $10,000 transfer
~$20–30
total fees
On a $50,000 transfer
~$100–150
total fees
2 Indicative pricing. Final fee schedule subject to IFSCA PSP authorisation terms.
Status
Launching Q3 2026. IFSCA PSP application in progress. Only two PSP licences granted to date in GIFT City — aarna is positioning for the first stablecoin-specific authorisation.3
Register interest
We'll notify you when payments go live.
1 Circle Mint redemption is fee-free for volumes under $2M/day. aarna operates well within this threshold.
2 Indicative pricing. Final fee schedule subject to IFSCA PSP authorisation terms.
3 IFSCA is actively developing a stablecoin framework for cross-border payments under its PSP regulations. aarna is engaged in pre-consultation as a sandbox participant.