Getting paid fast and easily is a must for freelancers, remote workers, and expats. That’s where USDC (USD Coin) comes in — USDC is a stablecoin that lets you receive money globally without worrying about currency fluctuations. But while most stablecoin payments can be complicated and costly, Grey makes receiving USDC simple and seamless.

In this article, I'll show how you can receive and convert USDC into your local currency with Grey, making international payments easier and more efficient.

Why send and receive USDC payments?

USDC is a stablecoin pegged 1:1 to the U.S. dollar, making it a reliable option for freelancers looking to avoid the volatility of other cryptocurrencies. Receiving and sending USDC provides several advantages:

• Stability: USDC maintains a steady value linked to the U.S. dollar.
• Lower fees: Compared to international bank transfers, USDC transactions often have reduced fees, keeping more of your earnings.
• Quick access to funds: Blockchain transactions ensure near-instant processing times.
• Flexibility: Freelancers can receive USDC payments in their USD accounts and send instant USDC payouts to 70+ countries with Grey!.

Also read: Send instant USDC payouts to 70+ countries with Grey!

How to receive USDC deposits with Grey

With Grey, receiving USDC payments is simpler than ever. No extra steps, no complicated exchanges — just an efficient way to access your earnings. Here’s how it works:

1. Share your wallet address with your sender.
2. Grey converts your USDC into USD instantly.
3. Access your money in your US bank account — ready for use without delays.

What this means for you

Grey simplifies receiving and managing USDC payments, providing a hassle-free experience. Here’s how our platform improves your payment process:

• Faster payments: With Grey, you no longer have to wait for your transactions to process through multiple platforms; you can access your funds as soon as possible without hassle.
• Seamless conversion: We convert your USDC to USD instantly, so you don’t have to worry about manual exchanges.
• Secure transactions: With Grey, you can avoid the risks of P2P trading or third-party exchanges, such as fraud, price manipulation, hidden fees or failed transactions. Enjoy fast, seamless, and reliable payments straight to your US bank account with Grey.
• Simplified finances: Keep all your transactions, balances, and account statements in one place, making it easier to track your income.

Why choose Grey for USDC transactions?

Grey provides a frictionless experience for freelancers handling international payments. Here’s what makes our platform stand out:

• Instant transfers: Your USDC is converted to USD immediately, eliminating long wait times and reducing exchange risks.
• No additional withdrawal fees: We only charge necessary network fees for USDC transactions, keeping your earnings intact.
• Security and reliability: Grey employs top-tier security measures, ensuring safe and secure transactions.
• Simplified finances: Keep track of all your transactions, balances, and statements in one place, making financial management easier.

A practical example: Managing USDC payments as a freelancer

Imagine you’re a freelancer in Mexico working for a UK-based company that makes payments with stablecoins. With Grey, you can now receive USDC payments right in your USD bank account. You no longer have to go through complicated exchanges, and you can receive your bank statements instantly from your Grey app..

‍

You may also like: How non-US citizens can open a US bank account online**

‍

How to send USDC with Grey

Grey makes managing USDC simple and secure. Here’s how to send USDC using our platform:

1. Log in to your Grey account to access your currency balances.
2. Navigate to “Accounts” and choose your USD balance to initiate USDC transfers.

‍

3. Choose the “Send money” option, then select “Send via crypto” to begin sending USDC.

4. Input the recipient’s wallet address and choose the correct network. (Grey supports Solana and Binance Smart Chain).

5. Double-check all transaction details before proceeding.

6. Authenticate with your two-factor authentication (2FA) code for added security, then complete the transfer.
7. Transaction success: The recipient receives the USDC, which they can hold, convert, or use for other transactions.

‍

Considerations for holding and converting USDC

• Confirm network compatibility: USDC is supported on multiple networks, so ensure your wallet is compatible.
• Review transaction fees: While USDC transactions are cost-effective, some network fees apply.
• Ensure tax compliance: Crypto earnings may be subject to tax in different countries, so consult a tax advisor for guidance.

A simpler way to get paid with Grey

At Grey, we aim to make global banking effortless for freelancers and remote workers. By allowing you to receive USDC payments directly into your US bank account, we remove the barriers to international payments, providing seamless, secure, and cost-effective financial solutions.

Open a free Grey account today and start receiving USDC payments effortlessly with Grey.