Truman is a KYC, KYB, and AML-compliant B2B payment platform. It enables businesses to send digital dollar payments to 185 countries at 0.6% per transfer — up to 85% cheaper than a SWIFT wire — with funds arriving in minutes, not days. Truman is a certified member of the Circle Alliance Program.

How many countries does Truman support for payments?

Truman supports payments to 185 countries worldwide — all countries without active international sanctions. Payments settle in minutes via local rails (PIX for BRL, SPEI for MXN, SEPA Instant for EUR, Faster Payments for GBP), 24/7 including weekends and holidays.

Is Truman better than SWIFT for international B2B payments?

Yes. Truman is up to 85% cheaper than SWIFT and significantly faster — funds arrive in minutes via local payment rails vs 3–5 business days for SWIFT. Truman eliminates correspondent banking fees, charges a flat 0.6% per transfer (min. $3), and operates 24/7 without bank cut-off times.

Is Truman compliant with KYC, KYB, and AML regulations?

Yes. Truman is fully KYC (Know Your Customer), KYB (Know Your Business), and AML (Anti-Money Laundering) compliant through licensed regulated partners. Truman is also a certified member of the Circle Alliance Program, the official USDC partner certification from Circle.

True Cost of International Wire Transfers: Every Hidden Fee

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Most CFOs know their international wire fees $25, $35, maybe $45 per transfer. What they don't know is that this flat fee is only one of four cost layers buried in every SWIFT transaction. The true all-in cost of an international wire transfer regularly exceeds 4–6% of transaction value, and for SMBs sending sub-$50,000 payments, it can reach 8%.

The Four Hidden Layers of Wire Transfer Cost

Layer 1 Outgoing wire fee: Your bank charges $25–$50 per outgoing international wire. This is the only cost most businesses see on their bank statement.

Layer 2 FX markup: Banks apply a 1.5–3% markup above the mid-market exchange rate. On a $20,000 payment, that's $300–$600 that disappears invisibly in the exchange rate.

Layer 3 Correspondent bank fees: SWIFT messages route through 2–4 correspondent banks between your bank and the recipient's bank. Each charges $10–$25 and deducts it from the transfer amount. Your supplier receives less than you sent.

Layer 4 Lifting fees and receiving fees: The recipient's bank often charges a "lifting fee" of $10–$30 on incoming international wires. This is deducted before the recipient sees the funds.

6.2%

Average global cross-border payment cost (World Bank)

$25–50

Typical bank outgoing wire fee

2–5 days

SWIFT settlement time

A business sending $500,000/year in international payments at 5% all-in cost is handing $25,000 directly to banks. Stablecoins cut that to under $3,000.

What Stablecoins Actually Cost

With USDC on a platform like Truman, the cost structure is radically different: one transparent fee of 0.6% (minimum $3), no FX markup on rails (USDC is always $1.00), no correspondent banks, no lifting fees. A $10,000 payment costs $60 on Truman vs. $350–$600 via a traditional wire. The math is unambiguous.