FRDM Markets is the peer-to-peer marketplace for 1:1 fiat stablecoins in 142 currencies — buy and sell with local cash, or remit across borders at rates above mid-market, with every trade held in a verified on-chain escrow.
New here? Create your currency's stablecoin at frdmbank.io first — then trade and send it here. No passwords, no forms: connecting a wallet takes you straight to setup.
Two products, one escrow
Both products run on the same publicly verified escrow vault on Polygon. Your counterparty never has to be trusted — the contract enforces the deal.
Swap local cash ⇄ your currency's stablecoin, 1:1
Send value from developing to developed markets — and back
Getting started
MetaMask, Trust Wallet or any EVM wallet — on desktop or mobile. Your address is your account: no passwords, no sign-up forms.
A refundable $10-equivalent deposit keeps every participant honest — it's returned when you withdraw.
Pick an order from the book or a remittance corridor. Escrow locks first, cash moves second, the contract settles on Polygon. Done in minutes.
Why FRDM Markets
The same transfer, three ways. One of them doesn't take days, skim the rate, or ask you to trust a stranger.
| FRDM Markets | Banks & legacy remittance | CEX P2P via USDT | |
|---|---|---|---|
| Speed | Minutes — on-chain settlement | 1–5 business days | Hours, multiple hops |
| Rate | Above mid-market — merchants compete | Below mid-market + hidden spread | Double conversion spread (fiat→USDT→fiat) |
| Volatility risk | None — 1:1 local-currency stablecoins | None, but you pay for it in fees | USDT leg floats against BOTH currencies |
| Chargeback fraud | Blocked — signed cryptographic affidavits | Weeks of exposure | Common attack on P2P sellers |
| Who holds the money | A verified smart contract — nobody | The bank | The exchange |
| If it goes wrong | Escrow + 1% reserve + admin arbitration + certificates | Call centre queue | Ticket queue, funds frozen |
Trust, engineered
Every deposit, trade and remittance is held by EscrowVault on Polygon mainnet — source code published and verified on Polygonscan, so anyone can read every line of the code that holds the funds.
✓ Contract Source Verified — view on PolygonscanCash payers and merchants sign EIP-712 affidavits at the moments that matter — receipt, processing, release. Off-chain "he said, she said" becomes on-chain evidence.
Every trader posts a security deposit. Lose a dispute you caused, and the penalty comes out of it — good actors get it back in full when they withdraw.
Admins arbitrate with full chat and evidence trails; rulings can favour either side — or cancel a trade outright when no payment was ever made. Both parties receive signed PDF certificates of the outcome.
For merchants
Post buy/sell ads with your own rates and fees, or fund remittance corridors and earn on every transfer. Your pool sits in the escrow vault — provably yours, released only by the rules everyone can read. Track completed trades, ratings and processing times on a profile that sells for you.
Questions
Your wallet is your account — connect and you're in. Profile details are set up once on first connection, and your trading history builds your on-platform reputation.
They're minted 1:1 for each fiat currency at frdmbank.io, the master FRDM Bank app. Create your currency's stablecoin there, then trade and send it here.
Timers protect you: payment windows auto-cancel and return escrow if the other side doesn't act. Nothing settles without both sides doing their part — or an admin ruling on the evidence.
A small flat platform fee per completed trade (about $0.10 for token trades, $1 for remittances) — charged only on completion. No subscriptions, no percentage skim, no hidden spread.
MetaMask and Trust Wallet on desktop and mobile — including mobile browsers via WalletConnect — plus any EVM-compatible wallet browser.
Join FRDM Markets and move value the way it should always have worked.