While remote work and freelancing have blurred international borders regarding where people can work, cross-border transactions still have their hitches. With currency differences, local financial regulations and delayed transactions, many freelancers don’t enjoy a seamless payment experience. Stablecoins like USDC have significantly straightened some of these kinks with international payments.

USDC is a digital currency pegged against the USD at 1:1. This protects it against local currency vulnerabilities and local banking regulations.

Now that there is a solution, the next concern has been how freelancers in India can leverage USDC. Fortunately, with Grey, freelancers in India enjoy the benefits of USDC transactions via a secure, fast, cost-effective and user-friendly platform.

This guide explains how Grey simplifies USDC transactions for Indian freelancers, enabling seamless global payments and withdrawals to local accounts.

Also read: How to open US, UK and Euro bank accounts in India

Why more freelancers are transacting in USDC

USDC leverages blockchain technology for fast, affordable, and secure transactions. Here’s why freelancers and global clients are adopting USDC:

• Stable value: USDC is pegged 1:1 to the US dollar. Hence, it is not subject to the volatility of cryptocurrencies like Bitcoin and rupee fluctuations, ensuring consistent earnings.
• Lower fees: USDC transactions are more affordable than fiat currency transactions, thus maximising your income.
• Faster processing: USDC transactions are swift and typically completed within minutes, compared to conventional banking systems, which could take days.
• Global access: USDC enables freelancers to send and receive funds worldwide, bypassing India’s banking restrictions.
• Security and transparency: Blockchain technology keeps track of all transactions which reduces frauds and boosts your client’s 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 India

Grey is a digital payment platform invested in simplifying USDC transactions for Indian freelancers. With instant conversions and low fees, Grey is ideal for freelancers, whether you’re in Hyderabad or Pune and working with clients in the US, Europe, or beyond.

• USD account: Receive USDC in a USD account with a routing number, which is perfect for global clients.
• Instant conversions: Convert USDC to USD at competitive rates, bypassing manual exchanges.
• Swift transfers: You can send USDC to over 70 countries and receive payments in minutes via blockchain.
• Low fees: Pay only network fees with no hidden charges.
• Track your finances: Grey offers multicurrency accounts and USDC transactions on one platform. This way, you can manage your finances in one app for easy invoicing and tax compliance.

How to send and receive USDC in India with Grey

Grey makes sending and receiving USDC straightforward. Here is how to transact in USDC with Grey.

• Sign up: Register on Grey’s website or download the mobile app.
• Verify your identity: Submit a government-issued ID (e.g., PAN card, passport), selfie, and proof of address (e.g., utility bill). KYC verification might take a couple of hours.
• Create a USD account: Generate a USD account with an IBAN or routing number in Grey’s platform.
• Receive USDC: Share your USDC wallet address (Solana or Binance Smart Chain). Grey converts USDC to USD instantly.
• Send 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 in minutes.

Also read: How to avoid scams when sending money to India

Managing USDC effortlessly with Grey

As the freelancing world continues to embrace USDC for transactions, finding a reliable payment solution to manage your USDC transactions in India is essential. With Grey, you can manage USDC transactions seamlessly with low fees and fast transfers.

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

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