# EUR → USD: Euro to US Dollar settlement on Sera

> EUR-USD is the deepest FX pair globally. Spreads on the bank channel are tight, but stablecoin-native treasuries increasingly want 24/7 settlement that banks can't provide.

- **Corridor:** EUR ↔ USD (Eurozone ↔ United States)
- **Status:** Live
- **Bridge stablecoins:** EURC ↔ USDC
- **Settlement speed:** Sub-second on-chain · ~10s door-to-door

## How settlement flows

EUR via SEPA Instant → EURC → SOR routes EURC↔USDC at near-zero on-chain spread → USDC → USD via FedNow.

## Local payment rails

- **Eurozone (EUR):**
  - SEPA Instant (Real-time — 10-second pan-Eurozone)
  - SEPA (Same-day)
- **United States (USD):**
  - FedNow (Real-time — 24/7/365)
  - ACH (Same-day — Same-day & next-day)
  - Fedwire (Wire)

## Use cases

- Transatlantic B2B
- SaaS subscription FX
- Treasury rebalancing

## Risk notes for liquidity providers

Yields are lower than emerging-market corridors but utilization and stability are highest. Concentrated weekend volume from treasury flows.

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Live page with current rates: https://sera.cx/coverage/eur-usd · Swap at https://app.sera.cx · All corridors: https://sera.cx/coverage · Full corpus: https://sera.cx/llms-full.txt