Which stablecoins can fund a payout?

USDT or USDC on Ethereum (ERC-20) only. A transfer on TRC-20, Solana, Polygon or any other network cannot be used to fund a payout, so check the network before you send.

Does the beneficiary in China need a XEROF account?

No. The beneficiary is paid in renminbi or US dollars to a bank account in their own name and needs no wallet or account with XEROF.

What does a payout cost?

The brokerage fee on the conversion (1.00% at the entry tier, lower with monthly volume, minimum USD 200 per transaction), plus 0.25% where the fiat goes to a third-party beneficiary, plus the USD 50 fiat withdrawal fee per payment. The Fee Schedule sets out the current terms.

Is there a minimum payout?

There is no minimum ticket. The minimum brokerage fee of USD 200 per transaction applies, so smaller payouts carry a proportionally higher cost; the confirmation shows the fee before you commit.

Who sets the maximum transaction size?

The receiving market. For China the current maximum is CNY: business to consumer CNY 29,000; business to business CNY 1,000,000, no limit with contract and shipping documents. USD: USD 500,000 (business to business, business to consumer and consumer to business). XEROF does not add a limit of its own.

Is XEROF an exchange?

No. XEROF is a Swiss-regulated Virtual Asset Service Provider acting as brokerage and settlement counterparty: it converts your stablecoins with its liquidity providers and pays the beneficiary from the proceeds. There is no order book and no platform account for the beneficiary.

Is there a limit on CNY supplier payments?

Business to business payments in CNY run to CNY 1,000,000 as standard. With the contract and shipping documents there is no limit set by the receiving market.

Can I pay a Chinese supplier in US dollars instead?

Yes. The USD corridor to China pays up to USD 500,000 per payment to a bank account in China, and is open business to business, business to consumer and consumer to business.

Can an individual pay a supplier in China?

In US dollars, yes, consumer to business up to USD 500,000. CNY payments are business to business and business to consumer only.

Payouts to China

Pay suppliers in China from USDT or USDC

China is the supplier corridor. Trading companies in Hong Kong, Singapore, the Gulf and Europe pay Chinese manufacturers every week, and a stablecoin treasury needs a compliant way to turn USDT or USDC into a bank transfer the supplier can receive. XEROF pays CNY or USD to a bank account in China from a USDT or USDC balance. Coverage effective 1 October 2026.

How a payout to China works

In renminbi, business to business payments run to CNY 1,000,000, and there is no limit where the payment is supported by the contract and shipping documents; business to consumer payments are capped at CNY 29,000. In US dollars, payments run to USD 500,000 and are also open consumer to business.

Payout currency: CNY or USD
Paid to: A bank account in China, in the beneficiary's name
Payment types: B2B (business to business), B2C (business to consumer)
Maximum per payment: CNY: business to consumer CNY 29,000; business to business CNY 1,000,000, no limit with contract and shipping documents. USD: USD 500,000 (business to business, business to consumer and consumer to business). Set by the receiving market, not by XEROF.
Rails: Local bank transfer in CNY; USD to a China bank account
Funding: USDT or USDC on Ethereum (ERC-20) only
Rate: Converted at the desk's execution rate, sourced from tier 1 liquidity and shown on your confirmation together with the fee

Who uses this corridor

Illustrative uses. Every beneficiary is screened before fiat is released, and each payment is confirmed on its own.

A trading company paying a manufacturer's invoice in CNY with the contract and shipping documents, above CNY 1,000,000.
A business paying a supplier's USD-denominated invoice to the supplier's China bank account.
A company paying a Chinese contractor or service provider in CNY within the business to consumer limit.

What XEROF needs before the first payment

Beneficiary name in the registered form, bank and account number.
The commercial invoice; for CNY payments above CNY 1,000,000, the contract and shipping documents.
Purpose of payment, confirmed before the first payment in this corridor.

A worked example

Illustrative only. Your confirmation shows the liquidity rate, the fee and the net amount before you commit.

You send: USDT 200,000 on ERC-20
XEROF converts: USD 200,000 equivalent converted at the desk's execution rate
Beneficiary receives: CNY to the manufacturer's account, supported by contract and shipping documents
Fees on this example: 1.00% brokerage at the entry tier (USD 2,000), 0.25% third-party payment (USD 500), USD 50 fiat withdrawal

Fees follow the published tiers on the pricing page: Brokerage fee on the conversion by monthly volume: 1.00% up to USD 250,000, 0.85% to 1,000,000, 0.65% to 2,000,000, above that on request. Minimum brokerage fee USD 200 per transaction. Third-party payment: an additional 0.25% where fiat is paid to a beneficiary other than you. Fiat withdrawal: USD 50 per outgoing payment.

Common questions

Which stablecoins can fund a payout?: USDT or USDC on Ethereum (ERC-20) only. A transfer on TRC-20, Solana, Polygon or any other network cannot be used to fund a payout, so check the network before you send.
Does the beneficiary in China need a XEROF account?: No. The beneficiary is paid in renminbi or US dollars to a bank account in their own name and needs no wallet or account with XEROF.
What does a payout cost?: The brokerage fee on the conversion (1.00% at the entry tier, lower with monthly volume, minimum USD 200 per transaction), plus 0.25% where the fiat goes to a third-party beneficiary, plus the USD 50 fiat withdrawal fee per payment. The Fee Schedule sets out the current terms.
Is there a minimum payout?: There is no minimum ticket. The minimum brokerage fee of USD 200 per transaction applies, so smaller payouts carry a proportionally higher cost; the confirmation shows the fee before you commit.
Who sets the maximum transaction size?: The receiving market. For China the current maximum is CNY: business to consumer CNY 29,000; business to business CNY 1,000,000, no limit with contract and shipping documents. USD: USD 500,000 (business to business, business to consumer and consumer to business). XEROF does not add a limit of its own.
Is XEROF an exchange?: No. XEROF is a Swiss-regulated Virtual Asset Service Provider acting as brokerage and settlement counterparty: it converts your stablecoins with its liquidity providers and pays the beneficiary from the proceeds. There is no order book and no platform account for the beneficiary.
Is there a limit on CNY supplier payments?: Business to business payments in CNY run to CNY 1,000,000 as standard. With the contract and shipping documents there is no limit set by the receiving market.
Can I pay a Chinese supplier in US dollars instead?: Yes. The USD corridor to China pays up to USD 500,000 per payment to a bank account in China, and is open business to business, business to consumer and consumer to business.
Can an individual pay a supplier in China?: In US dollars, yes, consumer to business up to USD 500,000. CNY payments are business to business and business to consumer only.

Other corridors

Maximum transaction sizes are set by the receiving market, not by XEROF.
Some corridors carry destination-specific requirements, including beneficiary documentation and purpose of payment codes, which are confirmed before the first payment.
Availability of any corridor is subject to sanctions screening, XEROF's risk appetite and the requirements of our payment partners, and may be varied or suspended without notice.
Payments are priced under the XEROF Fee Schedule. Indicative and not an offer.

Where to next

Pay renminbi or US dollars in China from a stablecoin balance through a Swiss-regulated counterparty. Open an account online as a company or an individual; payouts are available once onboarding is complete.

Talk to our team Open account