Crypto.com Unlocks Withdrawals of USDC for Users Worldwide


Crypto.com launched support for USDC deposits, thanks to a partnership with USDC issuer Circle.

Crypto.com unlocked USDC withdrawals for users Worldwide
Crypto.com and USDC image

The crypto exchange platform, Crypto.com has unlocked withdrawals of USD Coin (USDC). This means that users around the globe can withdraw the stablecoin and receive U.S. dollars straight to their bank accounts.


This is a result of a new partnership with the stablecoin’s issuer, Circle. According to Crypto.com, the partnership enables its users to transfer fiat currency into their trading accounts and receive an equivalent worth of USDC.


Goldman Sachs-backed Circle released the popular stablecoin USDC back in September 2018. Investors can use it to trade against cryptos like Bitcoin, Ether, Cardano, Dogecoin, XRP, and many more. Currently, the stablecoin on Crypto.com is paired with over 50 different cryptos.


As stablecoins become famous among the crypto industry as a mean of exchange from fiat to crypto payment, many businesses or crypto exchanges have created also their own stablecoins. This includes Binance USD (BUSD), Paxos Standard (PAX), and Tether (USDT).


Currently, USDC is the second-largest stablecoin after USDT. Moreover, USDC’s issuer Circle has announced its plans to go live on the New York Stock Exchange, following a merger with a special purpose acquisition company (SPAC).