Ask every provider the same ten questions, then write the answers in one place before you move any money.
A stablecoin off ramp that works for Indian freelancers and exporters passes ten checks. It names who converts the coin, names the Indian bank, issues an eFIRA for each payment, matches each payment to your invoice, shows every fee, states its settlement time, supports your coin and network, explains its licence structure, handles failed payments and gives your accountant the records. The table below turns each check into a question and shows what a good answer and a weak answer look like.
The ten checks
| # | Question to ask | A good answer | A weak answer |
|---|---|---|---|
| 1 | Who converts the stablecoin? | A named licensed company, working outside India | Our partners, with no name |
| 2 | Which bank receives the money in India? | A named Authorised Dealer Category I bank | No bank named |
| 3 | Who issues the eFIRA, and when? | The bank, for each payment | Available on request, later |
| 4 | Does the eFIRA show my invoice amount in USD? | Yes, with a purpose code | It shows rupees only |
| 5 | How is each payment matched to my invoice? | An address or account assigned to me | One shared wallet for everyone |
| 6 | What does all of it cost? | A flat fee, any FX spread and the FIRA fee, stated up front | A margin hidden in the rate |
| 7 | How long does settlement take? | A stated window with the conditions | Instant, with no conditions |
| 8 | Which coins and networks work? | A list you can read before you invoice | A vague statement |
| 9 | Who holds the money between steps? | A clear answer for each step | An unclear answer |
| 10 | What happens when a payment fails or goes wrong? | A support route with a named contact | No path stated |
How DashX answers the ten checks
| # | DashX's answer |
|---|---|
| 1 | Bridge, a Stripe company, or another money transmitter licensed provider converts USDC or USDT to USD outside India. DashX reaches it through its PACB licensed partner in India. The licences are described in who handles what. |
| 2 | JPMorgan, an Authorised Dealer Category I bank, receives the USD and settles the rupees. On standard rails, banks such as HDFC settle the rupees. |
| 3 | The settling bank issues the eFIRA, and you download it from your dashboard. See FIRA for freelancers. |
| 4 | The eFIRA shows the USD amount that settled, with an RBI purpose code. |
| 5 | JPMorgan issues a virtual collection account for you, so each payment is matched to you. |
| 6 | 0.5% flat on stablecoin settlement, 0% FX spread, and a FIRA fee of USD 3 if you request it while confirming or USD 4 later. Fiat to fiat payments cost 0.30% with a free FIRA. See the pricing page. |
| 7 | Priority Rails through JPMorgan settle within 24 hours, and standard rails settle in 1 to 3 working days. |
| 8 | USDC and USDT on Polygon, Base, Arbitrum and Solana. No other network is supported, and your dashboard shows the address for each invoice. |
| 9 | DashX holds no funds. Each partner holds the money only during its own step. |
| 10 | Write to DashX support with the invoice number. Recovery depends on the cause, and coins sent on an unsupported network may not be recoverable. |
Two parties also sit behind these answers that people often forget to ask about. A PACB licensed partner in India operates the cross border leg, and DashX is the software layer, which is neither licensed by the RBI nor a holder of your money. The DashX compliance page explains the structure.
How to use the checklist
Put the ten questions in an email to each provider on your shortlist and keep the replies. A provider that answers all ten in writing gives you a record you can show your accountant later. A provider that answers with a sales call and nothing in writing has told you something too.
If the money is a payment for work you did, weigh checks 2, 3 and 4 most heavily, because they decide whether you end up with proof of a foreign currency receipt. If the money is a personal sale of coins you hold, checks 6 and 7 matter more. To compare fiat providers on the same footing, use our Skydo alternatives guide and the side by side pages for Wise, Skydo and PayPal.
Frequently asked questions
What is a stablecoin off ramp? It is a service that turns stablecoins such as USDT or USDC into money in a bank account. What is a stablecoin off ramp explains the three types used in India.
What licences should an off ramp have in India? It depends on the flow. A bank that receives foreign inward remittances must be an Authorised Dealer Category I bank. A non bank company that collects cross border payments for businesses in India works through RBI authorisation as a Payment Aggregator Cross Border. Indian exchanges register with the Financial Intelligence Unit. Our guides to inward remittance and FEMA rules cover the frame.
Is an exchange an off ramp? Yes, for coins you hold and want to sell. It does not issue a remittance advice for export income.
Can a provider pass all ten checks and still be wrong for me? Yes. Fit depends on whether your payments settle invoices, how large they are and how often they arrive.
Ready to test the checklist on us? Sign up for DashX
