Latest Circle News
Aug 3, 2021
Support for withdrawals comes shortly after Crypto.com launched support for USDC deposits, thanks to a new partnership with USDC issuer Circle. 1550 Total views News The digital asset exchange platform Crypto.com has now enabled withdrawals of USD Coin ( USDC ), meaning that users can withdraw the stablecoin and receive United States dollars at a one-to-one ratio directly to their bank account. The announcement comes just over a month after the platform launched support for USDC deposits, following a new partnership with the stablecoin’s issuer , Circle. The partnership enabled Crypto.com users to transfer fiat currency into their trading accounts to receive an equivalent amount of USDC. USDC, first released by Goldman Sachs-backed Circle in September 2018, is a popular USD-pegged stablecoin that crypto investors can use to trade against major cryptocurrencies such as Bitcoin ( BTC ) and Ether ( ETH ). On Crypto.com, the stablecoin is currently supported in over 50 different trading pairs with other digital assets. Over the past couple of years, fiat currency-pegged stablecoins have become an increasingly popular means of establishing seamless fiat-to-crypto payment gateways on cryptocurrency exchanges.