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 Nigeria need a XEROF account?

No. The beneficiary is paid in Nigerian naira 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 Nigeria the current maximum is USD 50,000 equivalent per payment. 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 the payout made in naira or in dollars?

In naira, to a Nigerian bank account. The USD 50,000 figure is the maximum per payment expressed in dollar equivalent.

Can I fund the payout with USDT on TRC-20?

No. Only USDT or USDC on Ethereum (ERC-20) can fund a payout. A TRC-20 transfer cannot be used.

Payouts to Nigeria

Pay Nigerian naira from USDT or USDC

Nigeria is one of the largest stablecoin markets in the world, and paying naira from a USDT balance is a daily need for businesses that work with Nigerian suppliers and talent. XEROF pays NGN to a bank account in Nigeria from a USDT or USDC balance, business to business, business to consumer and consumer to business. Coverage effective 1 October 2026.

How a payout to Nigeria works

The receiving market caps each payment at the equivalent of USD 50,000. Larger amounts are split across payments, each screened and confirmed separately.

Payout currency: NGN
Paid to: A bank account in Nigeria, in the beneficiary's name
Payment types: B2B (business to business), B2C (business to consumer), C2B (consumer to business)
Maximum per payment: USD 50,000 equivalent per payment. Set by the receiving market, not by XEROF.
Rails: Local bank transfer in NGN
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 business paying Nigerian contractors, developers or agencies in naira to their own accounts.
A company settling a Nigerian supplier invoice within the per-payment limit.
A private client paying a Nigerian business against an invoice.

What XEROF needs before the first payment

Beneficiary name, bank and account number.
The invoice or contract the payment settles.
Purpose of payment where required, confirmed before the first payment.

A worked example

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

You send: USDT 10,000 on ERC-20
XEROF converts: USD 10,000 equivalent converted at the desk's execution rate
Beneficiary receives: NGN to the contractor's account
Fees on this example: Minimum brokerage USD 200, 0.25% third-party payment (USD 25), 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 Nigeria need a XEROF account?: No. The beneficiary is paid in Nigerian naira 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 Nigeria the current maximum is USD 50,000 equivalent per payment. 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 the payout made in naira or in dollars?: In naira, to a Nigerian bank account. The USD 50,000 figure is the maximum per payment expressed in dollar equivalent.
Can I fund the payout with USDT on TRC-20?: No. Only USDT or USDC on Ethereum (ERC-20) can fund a payout. A TRC-20 transfer cannot be used.

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 Nigerian naira in Nigeria 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