‍

Historically, sending money across countries has been slow and expensive. USD Coin (USDC) is changing the game. It’s a stable, fast, and low-cost digital currency tied to the U.S. dollar.

Since it has become more widely adopted, it’s helped make international transactions seamless, especially for freelancers, remote workers, and businesses handling global payments.

With Grey, you can transfer USDC payouts to over 70 countries.

Also read: Secure ways to receive international payments in Egypt

Why is USDC changing the way we send money internationally?

Unlike traditional bank transfers, which can take days and charge excessive fees, USDC leverages blockchain technology to offer instant, transparent, and cost-effective transactions. Here’s why USDC is gaining popularity:

• Stable value: Unlike volatile cryptocurrencies, USDC is pegged to the U.S. dollar, maintaining consistent value.
• Lower fees:  No more expensive wire transfers — USDC transactions cost significantly less.
• Faster processing: Traditional bank transfers can take 2–5 days; USDC payments settle in minutes.
• Global access: USDC allows anyone, anywhere, to send and receive funds without banking restrictions.
• Security & transparency:  Every USDC transaction is recorded on the blockchain, reducing fraud and increasing accountability.

Also read: Best apps for sending money to Morocco

Who benefits the most from USDC transfers?

Here are some of the people who benefit from USDC transfers the most.

• Freelancers & remote workers:  They can get paid instantly by international clients without dealing with currency conversion delays.
• Businesses & startups: Companies can pay global employees and contractors with fewer restrictions and lower costs.
• Expats & families: Send money home effortlessly without the hefty fees of traditional remittance services.
• Investors & traders: It’s a great way to hold a stable digital asset without exposure to crypto market volatility.

Also read: Best virtual Mastercards for online payments in Egypt

How to send USDC with grey

1. Open the Grey app: Log in to your account to access your USD and multi-currency balances.
2. Select your USD balance: Navigate to “Accounts” and select your USD balance to initiate a transfer.
3. Tap ‘Send via Crypto’:  Choose the USDC transfer option.
4. Enter transaction details: Input the recipient’s wallet address and select the correct network (Solana (SOL) or Binance Smart Chain (BEP-20)).
5. Confirm & complete the transfer: Double-check details, enter your two-factor authentication (2FA), and send.
6. Transaction success: The recipient receives USDC within minutes.

Things to consider when using USDC for payments

While USDC offers a convenient and secure alternative to traditional money transfers, there are a few things to keep in mind:

• Network compatibility: Ensure that both sender and recipient are using the same blockchain network to avoid lost funds.
• Transaction fees: While significantly lower than bank fees, blockchain network fees can vary.
• Tax implications: Some countries classify stablecoins as taxable assets. If you’re holding USDC, check local regulations.

Why USDC is the future of international money transfers

With its speed, low costs, and global accessibility, USDC is reshaping international payments. Platforms like Grey are leading the way by making stablecoin transactions easy, secure, and efficient for freelancers, businesses, and individuals worldwide.

Create your Grey account today or download the app to enjoy inclusive global banking, designed to carry your dreams across borders.

‍