The Maltese economy thrives on its blend of old-world charm and forward-thinking policies, making it an attractive base for freelancers and entrepreneurs.

For freelancers in Malta working with international clients, managing foreign payments can be tricky. That’s where USD Coin (USDC) comes in — a stable, secure option for handling cross-border transactions with ease. Here’s how you can receive foreign currencies, convert them to USDC, and simplify your financial life in Malta using Grey.

Also read: How to receive and convert foreign currencies to USDC

Why convert foreign payments to USDC as a freelancer in Malta?

For freelancers who receive foreign payments from international clients, USDC offers several compelling benefits:

Stable value: As a stablecoin pegged to the U.S. dollar, USDC provides consistency, helping you avoid the volatility of other cryptocurrencies.

Lower fees: USDC transactions typically incur lower fees than traditional international bank transfers, making it an affordable option for freelancers.

Fast transfers: Blockchain technology ensures near-instant fund transfers, so you can access your money quickly.

Flexibility in currency management: Freelancers can hold USDC for stability and convert it to Euros (EUR) when exchange rates are favourable.

Also read: How to receive and convert foreign currencies to USDC in Hungary

How to receive and convert foreign currency to USDC

Grey simplifies USDC management with a secure and intuitive platform. Here’s how freelancers in Malta can send and convert USDC using Grey:

Open the Grey app

Log in to your Grey account through the app or website for secure access to your USD and other currency balances.

Select your USD balance

Navigate to the “Accounts” section and select your USD balance. This will serve as the starting point for initiating USDC transfers.

Tap “Send via crypto”

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

Enter transaction details

Carefully input the recipient’s wallet address and select the correct network. Grey supports Solana (SOL) and Binance Smart Chain (BEP-20) for secure transfers.

Input the transfer amount and review the details

Enter the amount to send and double-check all information, including wallet address and network, to avoid errors.

Confirm and complete the transfer

Once you’re satisfied, tap “Send.” Grey will prompt you to enter your two-factor authentication (2FA) code for an added layer of security.

Transaction success

The USDC will arrive in the recipient’s wallet shortly after processing. The recipient can hold the USDC, convert it to euros, or use it as needed.

Also Read: How to receive and convert foreign currencies to USDC in Ireland

Converting USDC to euros

To convert USDC to euros, you can use a crypto exchange or local service that supports USDC-to-EUR transactions. Look for platforms with competitive rates to get the most value out of your conversion.

What are the considerations for freelancers holding and converting USDC

While USDC offers stability, there are a few key points to keep in mind:

• Network compatibility: Ensure the network you use for USDC matches the recipient’s wallet to avoid issues.
• Transaction fees: While USDC generally has low fees, network fees may vary based on blockchain activity.
• Tax compliance: Malta treats cryptocurrency as a financial asset, so it’s essential to consult a tax advisor to stay compliant with local regulations.

Also Read: How to receive and convert foreign currencies to USDC in Indonesia

Using Grey to simplify USDC management

Grey makes receiving and managing USDC payouts effortless. With support for Solana and Binance Smart Chain networks, robust security features like two-factor authentication, and a user-friendly interface, Grey ensures your funds are handled securely and efficiently.

Grey makes receiving and managing USDC payouts effortless for freelancers. Start today by creating your Grey account and take the first step toward borderless banking in Malta.

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