TL;DR
- NEAR invested in Everclear to automate stablecoin settlement across blockchains and scale operations to billions per month.
- The integration with Intents and Chain Abstraction enables efficient netting and rebalancing without relying on exchanges or manual interventions.
- They aim to build a frictionless, automated liquidity network inspired by Visa or SWIFT, but focused on crypto interoperability and artificial intelligence.
NEAR Foundation announced a strategic investment in Everclear, a protocol focused on cross-chain clearing and settlement for stablecoins and digital assets.
The partnership aims to enable automatic liquidity rebalancing across networks by integrating Everclear with NEAR’s technology—particularly with “Intents,” which serves as the core infrastructure of the ecosystem. This connection will allow Everclear to expand its operational capacity and target monthly volumes in the billions over the next year.
With hundreds of new appchains and stablecoins in circulation, the need for systems that coordinate capital movement between networks is growing fast. Everclear addresses that challenge by offering a clearing layer that supports up to $5 million per transaction, with minimal fees and no need for centralized exchanges. Its automated rebalancing system eliminates the need for manual fund transfers or third-party coordination for cross-chain operations.
The integration with NEAR’s Chain Abstraction stack also enhances the netting mechanism. It reduces the liquidity required to launch new tokens or networks by only transferring net balances between parties, rather than full amounts in opposite directions. This approach cuts down initial costs and improves operational efficiency.
NEAR Aims to Go Beyond Visa and SWIFT
Everclear and NEAR share a clear goal: removing the barriers between blockchains to allow asset flows to move seamlessly. Their ambition is to replicate the user experience offered by networks like Visa or SWIFT, which connect traditionally siloed financial systems. In this case, the focus is on crypto and automating processes that have so far relied on manual steps or limited infrastructure.
Everclear CEO Dima Khanarin projected that the cross-chain clearing market could surpass $1 trillion in volume, driven by the expansion of new digital assets and platforms. Meanwhile, NEAR co-founder Illia Polosukhin emphasized that integrating liquidity between humans and AI systems is one of the ecosystem’s primary goals as they build alongside Everclear
