Mtpelerin ( @mtpelerin ) has added $fxUSD to its exchange, with zero fees on both the buy and the cash out side. That closes a gap that has existed in this space for a while: full fiat rails, in both directions, without a centralized exchange sitting in the middle. You can wire in from your bank, hold $fxUSD, and cash back out whenever you choose, with self custody throughout. No identity verification is required up to CHF 999 per month in combined volume, just a phone number and email. Past that, or on card purchases above CHF 200, KYC kicks in. Mt Pelerin is Swiss regulated, non custodial, and supports 18 fiat currencies across SEPA, SWIFT, and Swiss SIC rails, with an optional Crypto IBAN for direct EUR/CHF settlement. $fxUSD itself is issued by @protocol_fx, overcollateralized by wstETH and WBTC rather than backed by a centralized reserve. It held its peg through the October 2025 liquidation event, when roughly 20B was liquidated and 1.6M traders were wiped out in 24 hours, and through every major drawdown since, without any manual intervention. The yield behind it comes from real protocol revenue through the Stability Pool, not from token emissions. What is notable here is the direction, not just the product. Most on ramps handle one side of this, getting into crypto. This handles both, and at zero cost within those limits. I have been paying conversion fees on every onramp for years and it adds up. This might actually replace how I move money in and out from now on.