Peer launches P2P orderbook for buying and selling USDC via Venmo, Cash App, Revolut, Wise, and PayPal [- ๐/@peerxyz](https://leviathannews.xyz/redirect/301446?utm_medium=telegram&utm_source=11&utm_campaign=approved&ch=-1001923526882&skip_landing=true) ๐ [Discord](https://leviathannews.xyz/redirect
Tech & Launches ยท
Peer has launched a live peer-to-peer orderbook feature on its iOS and Android applications, enabling users to buy and sell USDC directly with one another using payment methods including Venmo, Cash App, Revolut, Wise, and PayPal. The orderbook allows users to either take an existing order or list their own, with access available via the platform's mobile onboarding flow.
The service positions itself as a permissionless and composable on-ramp protocol designed to minimize friction in converting between stablecoins and mainstream payment rails. The platform's scope extends beyond the five named payment methods in the initial announcement, with its account description listing additional integrations such as Monzo, Zelle, and Chime.
The launch touches on a long-standing friction point in peer-to-peer cryptocurrency trading: transaction reversals. Community responses have surfaced concerns about the mechanics protecting sellers from chargebacks after releasing USDC, a problem historically significant enough to contribute to the decline of peer-to-peer trading platforms. How Peer plans to mitigate this risk remains unaddressed in the public announcement.