XEROF

Indicative rate

USDC to EUR: sell USDC for euros at size

Live indicative USDC/EUR rate and how USDC is settled into euros on a bank account through XEROF Online, in your own name or to a third-party beneficiary.

USDC to EUR, indicative mid-market

0.8938 EUR

Bid
0.8937 EUR
Ask
0.8938 EUR

Indicative mid-market rate from tier 1 liquidity, updated 9:28:26 AM. Not a quote. You execute in XEROF Online at the live rate shown there at the moment you confirm, and the confirmation shows that rate, the fee and the net amount.

How USDC becomes euros on a bank account

  1. 1USDC (ERC-20) arrives in your segregated wallet at XEROF.
  2. 2You convert USDC to EUR in XEROF Online at the live rate.
  3. 3Seconds on SEPA Instant; one business day on SEPA Standard: euros reach the account over SEPA Instant, SEPA Standard and SWIFT.

EUR settlement: rails, timing and who uses it

Euro settlement reaches 34 SEPA countries from one instruction: SEPA Instant up to EUR 100,000 per payment, SEPA Standard above that, and SWIFT for euro accounts outside the area. The EUR rate moves with EUR/USD, so the indicative figure above is a currency pair, not a peg.

Companies paying European suppliers and contractors, treasuries settling euro invoices from a stablecoin balance, and private clients paying a European business.

Settlement currency
EUR, the euro, legal tender in 20 euro-area states
Central bank
European Central Bank
Rails
SEPA Instant, SEPA Credit Transfer and SWIFT
Per-payment ceiling
SEPA Instant EUR 100,000; SEPA Standard varies by bank
Timing
Seconds on SEPA Instant; one business day on SEPA Standard
Third-party payouts
Yes, to any IBAN in the 34 SEPA countries

USDC is the dollar stablecoin most corporate treasuries and payment platforms issue and receive, and it is native to Ethereum, so most balances are already on the network XEROF accepts. Conversions of USDC and USDT are priced the same way, from tier 1 liquidity at cost.

USDC/EUR carries the EUR/USD move. Circle also issues a euro stablecoin, EURC, but XEROF converts USDC to real euros on a bank account, settled over SEPA, which is what euro-area suppliers and contractors invoice for.

EUR rails compared
RailCeiling per paymentSpeedCoverage
SEPA InstantEUR 100,000Seconds, 24/7Banks in the 34 SEPA countries that have adopted it
SEPA Credit TransferBank-dependentNext TARGET business dayEvery IBAN in the 34 SEPA countries
SWIFTNo limit1 to 2 business daysEuro accounts outside SEPA
USDC: Issuer
Circle
USDC: First issued
2018, native to Ethereum as an ERC-20 token
USDC: Network accepted by XEROF
Ethereum (ERC-20) only; Solana, Base, Arbitrum and other USDC networks are not credited
USDC: Reserve reporting
Monthly reserve reports published by the issuer
USDC: Where it is used
The stablecoin most corporate treasuries, payment platforms and US and European institutions issue and receive

Common questions

Can euros be paid to a country that does not use the euro?
Yes, to a euro account in any of the 34 SEPA countries, including Denmark, Norway, Sweden, Poland, Czech Republic, Hungary, Romania, Iceland, Liechtenstein and Switzerland.
Is USDC treated differently from USDT?
No. Both convert in XEROF Online at the live rate from tier 1 liquidity with the same fee schedule. USDC must also arrive on Ethereum (ERC-20).
Is the USDC/EUR rate on this page the rate I will get?
No. It is the indicative mid-market rate from our liquidity venue, refreshed every 30 seconds. The rate you execute at is the live rate in XEROF Online at the moment you confirm, and the confirmation shows it with the fee.
Can the euros go to someone else's account?
Yes. A third-party payout carries an additional 0.25% for beneficiary screening. The corridor page sets out the limits, rails and documents.

Third-party payouts in EUR: corridor page.

Other USDC and EUR pages

Open a XEROF account to settle USDC into euros.

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