Sera vs Conduit: How they actually compare
Conduit operates the chain; Sera operates the FX layer. Conduit has moved toward payment and blockchain infrastructure for B2B trade flow — you build the product, they run the rails. Sera is the non-custodial settlement primitive for converting between currency-pegged stablecoins. The two overlap less than they used to, and slot together cleanly.
Sera vs Conduit, side by side
| Sera | Conduit (B2B trade & chain infra) | |
|---|---|---|
| Primary focus | Cross-currency FX settlement | B2B payment + blockchain infrastructure |
| Settlement model | Non-custodial protocol | Managed payment infrastructure |
| Custody | You / your users keep custody | Managed / custodial flows |
| Protocol / platform fee | 0 bps | Platform pricing |
| FX spread captured by | Liquidity provider (can be you) | Platform |
| Corridor coverage | 120+ currencies, 600+ stablecoins, 30,000+ pairs | B2B trade corridors across major markets |
| Integration surface | Smart contract + MCP for agents | Payment + infra APIs |
| Time to settle | Sub-300ms median (on-chain) | Minutes (managed routing) |
| Best for | Cross-currency FX settlement at the protocol layer | B2B trade flow + enterprise chain operations |
When to choose Sera
- Your core need is converting between currency-pegged stablecoins, cheaply and on-chain.
- You want non-custodial settlement and to keep the FX spread.
- You're routing between non-USD pairs and want best execution across 30,000+ combinations.
- You're embedding cross-currency settlement into a product or an AI agent.
When to choose Conduit
- You need managed B2B trade-financing flow and enterprise payment operations.
- You want blockchain infrastructure — rollup or RPC operations — run for you.
- You'd rather delegate the operational and custodial work to a managed platform.
- Your problem is trade-flow orchestration more than the FX-conversion step itself.
Pricing, side by side
Illustrative: $10,000 cross-currency settlement.
| Sera | Conduit | |
|---|---|---|
| Platform fee | $0 | Platform pricing (managed) |
| FX spread | $5–$40 (5–40 bps, paid to LP — can be you) | Captured by the platform |
| Gas | $0.01–$0.50 (L2) | Abstracted |
| Where the spread goes | To you, if you provide liquidity | To the platform |
Integrating Sera
Sera is a settlement primitive. You quote, sign, and execute the currency conversion on-chain while keeping custody — no managed counterparty in the path.
Integrating Conduit
Conduit runs managed payment and blockchain infrastructure. You build on top while Conduit operates the rails and handles the operational and custodial work for B2B trade flow.
Frequently asked questions
- Is Sera a Conduit alternative?
- For the FX-conversion step, they can overlap. But Conduit's strength is managed B2B payment and blockchain infrastructure, while Sera is specifically the non-custodial cross-currency settlement layer. Many stacks use Conduit for trade flow and Sera for the FX step.
- Can I use Sera and Conduit together?
- Yes. Conduit can orchestrate the broader B2B payment and infrastructure flow; Sera handles the stablecoin ↔ stablecoin FX conversion with the spread accruing to your liquidity.
- Which is cheaper for cross-currency settlement?
- Sera takes no protocol fee and routes the FX spread to liquidity providers, so if you LP your own flow the conversion step can be close to gas-only. Managed platforms price the convenience of running the operational stack for you.
Use Sera as your FX settlement layer
Keep custody and KYC where they are. Plug Sera in for the on-chain currency conversion and capture the FX spread on your own flow.