As stablecoins continue to gain popularity, there is a looming concern about how African freelancers can tap into their benefits. Accepting payments in USD Coin (USDC) as a freelancer in Egypt improves your financial flexibility. However, access to seamless USDC transactions is still limited. And this is where Grey comes in.

USDC is a stablecoin backed by an equivalent US dollar. This means its value depends on the value of the USD, pegged at 1:1. USDC transactions ensure funds have a stable value, and the transactions are swift. They also avoid local currency fluctuations and money losses due to frequent currency conversion.

Grey provides the easiest way to send and receive USDC, delivering secure, fast, and cost-effective transactions. This guide explains how Egyptian freelancers can use Grey to manage USDC payments seamlessly.

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

Why more freelancers are transacting in USDC

USDC is changing international payments for freelancers globally and in Egypt. It leverages blockchain technology for fast, affordable, and secure transactions. Here’s why more freelancers and global clients are turning to USDC for international transactions.

• Stable value: USDC is pegged 1:1 to the US dollar. Hence, USDC avoids the volatility of cryptocurrencies like Bitcoin and local currencies, ensuring consistent earnings.
• Lower fees: USDC transactions cost minimal network fees, which help freelancers maximise their earnings, unlike bank transfers and their exorbitant fees.
• Faster processing: Traditional bank transfers might take days to be completed. On the other end, USDC payments settle in minutes and are perfect for urgent invoices.
• Global access: USDC enables freelancers to send and receive funds worldwide, bypassing banking restrictions in Egypt.
• Security and transparency: Blockchain records every USDC transaction, reducing fraud and improving your clients’ trust.

Also read: USDC vs. other stablecoins: what's best for global transactions?

Why Grey is the best way to send and receive USDC in Egypt

Grey is a leading fintech platform simplifying USDC transactions for Egyptian freelancers. With instant conversions and low fees, Grey is ideal for freelancers working with clients in the US, Europe, or beyond.

• USD account: Receive USDC in a USD account with an IBAN or routing number, which is perfect for global clients.
• Fast transfers: Send USDC to 70+ countries or receive payments in minutes via blockchain.
• Low fees: Pay only network fees (e.g., Solana, Binance Smart Chain) with no hidden charges.
• Streamlined finances: Track USDC transactions and generate statements in one app for invoicing and taxes.

How to send and receive USDC in Egypt with Grey

Grey makes sending and receiving USDC straightforward, integrating with Egypt’s financial system. Follow these steps:

• Sign up: Register on Grey’s website or app using your smartphone.
• Verify your identity: Submit a government-issued ID (e.g., Egyptian national ID, passport), selfie, and proof of address (e.g., utility bill). KYC verification is typically approved within 24 hours.
• Create a USD account: Generate a USD account with an IBAN or routing number in Grey’s platform.
• Receiving USDC: Share your wallet address (Solana or Binance Smart Chain) with clients. Grey converts USDC to USD instantly.
• Sending USDC: In Grey’s app, go to “Accounts,” select USD balance, choose “Send via crypto,” enter the recipient’s wallet address, select Solana or Binance Smart Chain, input USDC amount, and confirm with 2FA. Funds arrive shortly.

Manage USDC effortlessly with Grey

Sending and receiving USDC as an Egyptian freelancer is simple with Grey. Whether in Cairo or Mansoura, Grey supports USDC transactions with low fees and fast transfers, making it the best choice for managing global payments. Convert USDC to EGP or withdraw to local banks and wallets with ease to keep your freelance income secure.

Get started with Grey today to streamline your USDC transactions in Egypt.

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