SwissBorg has begun free 1-to-1 exchange between euros and euro stablecoins.

SwissBorg launched fee-free 1:1 conversion between euro (EUR) and the euro-pegged stablecoin EURØP on March 10, letting users swap either direction at a fixed rate of 1 EUR to 1 EURØP. Rather than matching orders against market bids and asks, the platform routes conversion requests directly to EURØP issuer Schuman Financial, with Crypto Briefing reporting processing times expected to take several minutes. The fee waiver applies only to EUR-to-EURØP conversions, not to trades involving other crypto assets. The move matters because it gives SwissBorg users a direct, no-cost on-ramp between fiat euros and a regulated euro stablecoin, bypassing order-book spreads. What to watch next is whether the direct-to-issuer model keeps settlement times and liquidity reliable as volumes grow, and whether SwissBorg extends fee-free conversion to other fiat-stablecoin pairs.