Freelancers in Brazil can enjoy the benefits of living in an affordable country and transacting in a stable currency to avoid the unpredictability of the local economy. USD Coin (USDC) is a stablecoin pegged to the U.S. dollar.

Stable assets like USDC have become a reliable payment option for freelancers working with international clients, particularly in countries such as Brazil. This is especially useful for bypassing local currency vulnerabilities and local banking fees.

This guide will help you understand how to receive USDC payments as a freelancer in Brazil and how Grey can simplify the process.

Why freelancers in Brazil should consider receiving payments in USDC

Using USDC as a payment method comes with many benefits, especially for freelancers in Brazil:

1. Stable value in USD: USDC is pegged 1:1 to the U.S. dollar, protecting you from fluctuations in the Brazilian real (BRL) and ensuring consistent value for your earnings.
2. USDC transactions bypass local transaction fees: Unlike traditional bank transfers, USDC transactions bypass local fees and currency controls, allowing freelancers to keep more of their hard-earned money.
3. Swift transactions: USDC transactions are processed quickly and are accessible worldwide. While traditional international transactions can take days to complete, crypto payments reach your wallet in minutes.
4. Secure and transparent payments: USDC transactions use blockchain technology, which acts like a register for every transaction, ensuring transparency and reducing the risks of disputes.

Receiving and converting foreign currency to USDC

Grey is a great payment solution for freelancers in Brazil looking for a simplified way to manage international transactions. Although crypto wallets and exchanges support USDC, Grey provides a user-friendly and secure option optimised for cross-border transactions. Here’s why Grey could be your best option for USDC payments:

• Quick transfers: Enjoy instant conversion of foreign currencies into USDC for immediate access to funds.
• No extra withdrawal charges: Grey charges only essential network fees, making it a budget-friendly choice for frequent transactions.
• High security: Grey’s platform has reliable security measures that guarantee peace of mind while managing and storing your USDC.
• Cross-border access: Grey supports over 40 countries, allowing Brazilian freelancers to access their earnings globally. You can also receive other currencies and convert them to USDC. You can also convert your USDC to other supported currencies including BRL.

How to get started with Grey for USDC payments

Grey makes it easy to handle USDC payments as a Brazilian freelancer:

1. Install and open the Grey app: Sign up or log in to the Grey app or website to access your USD and other currency balances.
2. Select USD balance: Go to “Accounts,” select USD, and initiate a USDC transfer.

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3. Choose “Send via crypto”: Select the “Send money” feature and opt for the crypto transfer option.

4. Enter wallet details: Input the recipient’s wallet address and select the correct network—Grey supports Solana and Binance Smart Chain (BEP-20).

5. Enter the transfer amount: carefully type in the amount you’d like to send and confirm the amount.

6. Review and send: Verify the transaction details, confirm, and enter your two-factor authentication (2FA) code for added security.

The recipient should receive the USDC shortly after processing.

Converting USDC to BRL

When converting USDC to BRL, use a reliable crypto exchange that supports USDC-BRL transactions or any other trusted local conversion service.

Considerations for freelancers holding and converting USDC

Here are some factors you should consider when managing USDC transactions

• Network compatibility: While USDC transactions are supported on many networks, ensure your wallet is compatible with your selected network.
• Review transfer fee: Networks charge a transaction fee on USDC transfers. Compare the various transaction fees to choose the most cost-effective network option.
• Tax compliance: We advise that you review the tax laws in Brazil regarding crypto earnings to ensure you remain tax compliant. Speak with a tax expert if necessary.

Conclusion

One of best parts of freelancing is the flexibility of working from anywhere and on your terms. Receiving payments in USDC offers further flexibility to freelancers with stability, security, and lower transaction costs than traditional methods. With Grey’s reliable cross-border payment solution, you can secure your freelance earnings against BRL fluctuations while benefiting from quick, cost-effective transactions. Sign up with Grey today and start managing USDC payments efficiently!

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