San Marino has become a popular destination for freelancers and remote workers. While its charm is undeniable, managing payments from international clients while in this location can sometimes feel less seamless.

That’s where USD Coin (USDC) comes in. It’s a stablecoin pegged to the U.S. dollar revolutionising how professionals handle cross-border transactions.

This guide will show you how to use Grey to efficiently receive foreign currencies and convert them into USDC in San Marino.

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

Why convert foreign payments to USDC as a freelancer in San Marino?

For freelancers in San Marino working with international clients, converting foreign currencies to USDC offers several advantages:

• Stable value: USDC is a stablecoin tied to the U.S. dollar, offering predictable value and avoiding the volatility of other cryptocurrencies.
• Low fees: Compared to traditional bank transfers, USDC transactions come with significantly lower fees.
• Quick access to funds: Blockchain technology ensures near-instant processing, so you get paid faster.
• Flexible conversions: Hold USDC securely and convert it to Euros (EUR) when the exchange rates work in your favour.

Also Read: Send instant USDC payouts to 40+ countries with Grey

How to receive and convert foreign currency to USDC

Grey provides a user-friendly platform to manage payments. Here’s how you can receive and convert foreign currencies to USDC using Grey:

Open the Grey app

Log in to your Grey account via the app or website to securely access your USD and other currency balances.

Select your USD balance

Navigate to the “Accounts” section and select your USD balance to initiate a USDC transfer.

Tap “Send via crypto”

Select “Send money,” then choose “Send via crypto” to begin the process of sending USDC.

Enter transaction details

To ensure a successful transfer, carefully input the recipient’s wallet address and choose the correct network (Solana or Binance Smart Chain).

Input the transfer amount and review the details

Enter the amount of USDC to send. Double-check all information, including the wallet address and network, before proceeding.

Confirm and complete the transfer

Once all details are verified, tap “Send” to complete the transaction. Grey will request two-factor authentication (2FA) for added security.

Transaction success

The recipient will receive the USDC shortly after processing.

Also Read: How to receive dollar payments and convert to USDC in Mexico

How to convert USDC to Euros

To convert USDC into Euros (EUR), use a crypto exchange or local service supporting USDC-to-EUR transactions. Some exchanges offer direct conversion, while others may require intermediary trades through USD or BTC.

What are the considerations for freelancers holding and converting USDC?

Holding and converting USDC comes with a few considerations:

• Network compatibility: Ensure the network used for USDC matches your wallet and conversion services.
• Fee awareness: USDC transactions typically incur low fees, but blockchain network fees may vary.
• Tax compliance: San Marino treats cryptocurrency as a financial asset, meaning gains may be taxable. Consult a local tax advisor to understand your obligations.

Also Read: How to receive dollar payments and convert to USDC in Chile

Using Grey to simplify USDC management

With Grey, you can send USDC to supported wallets, manage funds easily, and use robust security measures like two-factor authentication (2FA).

Create your Grey account today to unlock the full potential of USDC as a freelancer in San Marino.

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