Swap TCY to USDT

Swapping TCY → USDT on THORChain Without KYC

You can swap TCY (on THORChain) to USDT (on Ethereum) without KYC using decentralized cross-chain protocols like THORChain, since it’s non-custodial and doesn’t require identity verification.

Why THORChain Enables Non-KYC Swaps
- Non-custodial design You retain control of your funds at all times via your wallet. THORChain never holds your assets.
- Decentralized liquidity pools Swaps are handled through on-chain liquidity pools, removing the need for accounts or KYC checks.
- Cross-chain capability Swap assets across different blockchains (THORChain → Ethereum, THORChain → Ethereum, etc.) without registration.

Key Benefits of Non-KYC Swaps
- Privacy: Only wallet addresses are used; no personal info required.
- Speed: Direct wallet-to-wallet swaps are faster than traditional exchanges.
- Global Access: Anyone can swap tokens, even in regions where centralized exchanges are restricted.
- Security: Funds stay in your custody until the swap is executed.

✅ No KYC, no accounts, no custodial risk — just direct cross-chain swaps.

A Swap on THORChain works this way
THORChain allows cross-chain swaps without a centralized custodian. THORChain uses its Rune-powered liquidity pools to handle native to native L1 swaps.

Step 1: TCY Deposit
- Send TCY to a THORChain vault address.
- THORChain nodes detect the deposit on Ethereum and update the internal ledger.

Step 2: Conversion via Rune
- THORChain swaps TCY → Rune internally.
- Rune is then swapped → USDT according to pool liquidity.

Step 3: USDT Output
- The network sends USDT to your Ethereum address.
- USDT comes from the liquidity pool on THORChain, not a centralized mint.

Fees & Slippage
- Swap Fee: ~0.3% (pool- and interface-dependent).
- Network Fees: Ethereum transaction fees.
- Slippage: Possible due to AMM pool liquidity.

Key Points
- Decentralized: No custodian; THORChain nodes handle cross-chain liquidity.
- Rune as intermediary: All swaps go through Rune (TCY → Rune → USDT).