{"id":314117,"date":"2021-08-03T12:23:03","date_gmt":"2021-08-03T09:23:03","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-com-enables-withdrawals-of-usdc-for-users-worldwide\/"},"modified":"2021-08-03T12:23:03","modified_gmt":"2021-08-03T09:23:03","slug":"crypto-com-enables-withdrawals-of-usdc-for-users-worldwide","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-com-enables-withdrawals-of-usdc-for-users-worldwide\/","title":{"rendered":"# Crypto.com enables withdrawals of USDC for users worldwide"},"content":{"rendered":"<p>&#8220;<strong># Crypto.com enables withdrawals of USDC for users worldwide <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvNjI3YTk5YjMtNzU4MC00NDYyLTkxZWQtNzliNDQwZTNmNjViLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>\n<p>The digital asset exchange platform Crypto.com has now enabled withdrawals of USD Coin (USDC), meaning that users can withdraw the stablecoin and receive U.S. dollars at a one-to-one ratio directly to their bank account.<\/p>\n<p>The announcement comes just over a month after the platform launched support for USDC deposits, following a new partnership with the stablecoin\u2019s issuer, Circle. The partnership enabled Crypto.com users to transfer fiat currency into their trading accounts to receive an equivalent amount of USDC.<\/p>\n<p>USDC, first released by Goldman Sachs-backed Circle in September 2018, is a popular USD-pegged stablecoin that crypto investors can use to trade against major cryptocurrencies like Bitcoin (BTC) and Ether (ETH). On Crypto.com, the stablecoin is currently supported in over 50 different trading pairs with other digital assets.<\/p>\n<p>Over the past couple of years, fiat currency-pegged stablecoins have become an increasingly popular means of establishing seamless fiat-to-crypto payment gateways on cryptocurrency exchanges.\u00a0<\/p>\n<p>The numerous USD-pegged assets on the market \u2013 among them, USDC, Binance USD (BUSD) and Paxos Standard (PAX) \u2013 were anticipated by the veteran, and still most liquid, stablecoin, Tether (USDT). Past controversies surrounding the latter\u2019s lack of transparent accounting for its U.S. dollar reserves have prompted the issuers of later stablecoins to vie to prove their credentials with regulators as scrutiny of the stablecoin sector, particularly in the U.S., continues to intensify.\u00a0<\/p>\n<p><strong><em>Related:\u00a0\u00a0Crypto.com taps Circle for global dollar deposits<\/em><\/strong><\/p>\n<p>To this end, USDC \u2013 currently the second-largest stablecoin after USDT \u2013 has recently been audited by the multi-national tax advisory and consultancy firm Grant Thornton. USDC\u2019s issuer Circle has also this summer announced its plans to go public on the New York Stock Exchange, following a merger with a special purpose acquisition company (SPAC).\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-com-enables-withdrawals-of-usdc-for-users-worldwide\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Crypto.com enables withdrawals of USDC for users worldwide &#8221; The digital asset exchange platform Crypto.com has now enabled withdrawals of USD Coin (USDC), meaning that users can withdraw the stablecoin and receive U.S. dollars at a one-to-one ratio directly to their bank account. The announcement comes just over a month after the platform launched&#8230;<\/p>\n","protected":false},"author":1,"featured_media":314118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvNjI3YTk5YjMtNzU4MC00NDYyLTkxZWQtNzliNDQwZTNmNjViLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,75936,74860,75493,67874],"class_list":["post-314117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-circle","tag-cryptocurrency-exchange","tag-stablecoin","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/314117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=314117"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/314117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/314118"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=314117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=314117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=314117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}