Freelancers are always looking for better ways to handle their finances, especially when dealing with foreign currencies. In Monaco, the need is no different.  USD Coin (USDC), a stablecoin tied to the U.S. dollar, provides a reliable solution. It allows freelancers to receive international payments digitally and convert them to euros whenever needed.

Here’s how freelancers in Monaco can use Grey to receive foreign payments and manage their funds in USDC.

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

For freelancers in Monaco working with international clients, converting payments to USD Coin (USDC) comes with key advantages:

• Stable Value: USDC is tied to the U.S. dollar, offering a secure way to hold value without the volatility of other cryptocurrencies.
• Lower Fees: USDC transactions are typically cheaper than traditional bank transfers, saving you money on cross-border payments.
• Fast Access: Blockchain technology ensures near-instant processing, so you get your funds quickly.
• Smart Conversion: USDC makes managing global payments simpler and more efficient for Monaco’s freelancers.

Also read: Cross-Border fees: What you need to know

Receiving and converting foreign currency to USDC with Grey

At Grey, we’re dedicated to making global transactions easy for freelancers, digital nomads, and remote workers. With our latest update, you can now convert foreign currency to USDC and transfer it directly to your crypto wallet in over 40 countries.

1. Open the Grey app: Log in to your Grey account through the web or mobile app.‍

2. Select your USD balance: Navigate to the “Accounts” section and select your USD balance, which is essential for initiating USDC transfers.

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

4. Enter transaction details: Carefully fill in the recipient’s wallet address. Choose the correct network, Grey supports Solana (SOL) and Binance Smart Chain (BEP-20) — for successful transfer processing.

5. Input the transfer amount and review details: Enter the amount to be sent. Double-check all information, including wallet address and network, to avoid transaction errors.

6. Confirm and complete the transfer: Once satisfied with the correct details, tap “Send.” Grey will prompt you to enter your two-factor authentication (2FA) code, adding an extra layer of security.‍

7. Transaction success: The USDC will arrive in the recipient’s wallet after processing. They can keep the USDC, convert it into local currency, or use it as they wish.

Why choose Grey for USDC payouts?

• Instant transfers: Your USDC transactions are sent instantly, so your funds arrive without delay.
• No extra charges: We don’t charge extra withdrawal charges. You are only required to pay the network fee.‍
• Secure and reliable: Your funds are always protected with industry-standard measure‍
• Global accessibility: USDC can be sent to over 40 countries, making it easier to manage your finances globally.

How does Grey keep USDC transactions safe?

Grey keeps your USDC transactions safe by working with trusted providers, using reliable blockchain networks, and requiring two-factor authentication (2FA) for all transactions. These steps help protect your money and secure your account.

Whether you're receiving payments from abroad or managing freelance income, Grey makes global transactions simple. Sign up for a free Grey account today and experience global banking made easy for you.

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