Settle by LedgerPe is a stablecoin on-ramp and off-ramp aggregator designed for individuals and businesses in India seeking to convert Indian Rupees (INR) to stablecoins such as USDC and USDT, and vice versa. The platform addresses the need for compliant, transparent, and efficient settlement of digital assets without relying on traditional exchanges or informal peer-to-peer trades. By routing every transaction through FIU-approved providers registered with India's Financial Intelligence Unit (FIU-IND), Settle ensures that all conversions adhere to the country's anti-money laundering (AML) and know-your-customer (KYC) regulations.
The service enables users to complete KYC, link their Indian bank accounts, and connect self-custody wallets like MetaMask or Phantom. Once set up, users can select their desired asset and network, then convert INR to USDC or stablecoins back to INR. The converted funds are delivered directly to the user’s wallet or bank account, bypassing the need for an exchange account and eliminating the risks associated with holding balances on exchanges or engaging in P2P trades. Supported stablecoins include USDC and USDT, and the platform operates across several blockchain networks such as Ethereum, Solana, BNB Chain, Polygon, Arbitrum, Base, Optimism, and Avalanche. Hundreds of wallets are supported, providing flexibility for a variety of user preferences.
Settle is tailored for crypto-native businesses, freelancers, contractors paid in stablecoins, over-the-counter (OTC) desks, and individuals with recurring on-ramp or off-ramp needs. It is built for high-volume, repeatable settlement, offering wholesale pricing and a flat all-in cost structure. 5% per transaction, which is displayed before each conversion, allowing users to know the exact INR amount they will receive. 5% fees seen in retail on/off-ramp services.
By leveraging regulated banking rails such as UPI and IMPS for payouts and ensuring all flows remain within the Indian market, Settle minimizes account-freeze risks and provides a documented, compliant origin for all funds. The platform is positioned as a solution for those seeking fast, predictable, and compliant digital asset settlement between INR and stablecoins in India.
LedgerPe Settle is a Crypto & web3 consumer product. It focuses on enabling compliant, fast, and direct conversion between INR and USDC for businesses and individuals in India. LedgerPe Settle is a B2B2C product aimed at crypto traders, freelancers, fintech businesses, OTC desks in India. Pricing is paid. It runs on the web.
Behind LedgerPe Settle is LedgerPe, based in India, and the product first shipped in 2024. Across PulseGate's embedding index, LedgerPe Settle has few near neighbours, marking it as relatively distinct. Among its 8 catalogued features are stablecoin conversion, INR to USDC, and USDC to INR.
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Settle By Ledgerpe discovered by the PulseGate indexer
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