# P2P.me

**Type:** Company  
**Status:** Active  
**Domain:** Internet Finance  
**Founded:** Unknown  
**Description:** Peer-to-peer USDC-to-fiat conversion platform supporting UPI (India), PIX (Brazil), and QRIS (Indonesia) payment rails.

## Overview

P2P.me operates a peer-to-peer marketplace for USDC-to-fiat conversion across multiple chains. The platform addresses crypto on-ramp friction in emerging markets, particularly India where bank freezes for USDC transactions create adoption barriers.

## Business Model

- **Revenue:** 2% commission on every swap, paid to liquidity providers
- **Geographic focus:** India (78% of user base), Brazil, Indonesia
- **Payment rails:** UPI, PIX, QRIS

## Key Metrics

- 1,000+ liquidity providers globally
- Fraud rate: <1 in 25,000 on/off-ramps
- 23,000 registered users (18,071 in India per Pine Analytics)
- 2,000-2,500 weekly active users
- $82K annual gross profit (per Pine Analytics assessment)

## Funding

- **Previous round:** $2M from Multicoin Capital and Coinbase Ventures
- **ICO planned:** March 26, 2026 on MetaDAO
  - Target FDV: ~$15.5M
  - Token supply: 25.8M tokens
  - ICO price: $0.60
  - 50% liquid at TGE (10M ICO + 2.9M liquidity seeding)

## Timeline

- **2025-mid** — User growth plateau begins (per Pine Analytics)
- **2026-03-20** — ICO registration opens for March 26 launch
- **2026-03-26** — Scheduled ICO on MetaDAO (pending)