Indicative rate
USDC to GBP: sell USDC for pounds sterling at size
Live indicative USDC/GBP rate and how USDC is settled into pounds sterling on a bank account through XEROF Online, in your own name or to a third-party beneficiary.
USDC to GBP, indicative mid-market
0.7557 GBP
- Bid
- 0.7556 GBP
- Ask
- 0.7557 GBP
Indicative mid-market rate from tier 1 liquidity, updated 9:28:25 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 pounds sterling on a bank account
- 1USDC (ERC-20) arrives in your segregated wallet at XEROF.
- 2You convert USDC to GBP in XEROF Online at the live rate.
- 3Minutes on Faster Payments, 24 hours a day; same day on CHAPS in scheme hours: pounds sterling reach the account over Faster Payments, CHAPS and SWIFT.
GBP settlement: rails, timing and who uses it
Sterling is the largest single market for stablecoin-to-fiat demand after the dollar. Faster Payments settles up to GBP 1,000,000 per payment within minutes in scheme hours, CHAPS covers larger same-day amounts, and SWIFT reaches sterling accounts held abroad. The GBP rate follows GBP/USD.
UK companies and contractors, property and professional-services invoices settled in pounds, and private clients cashing out to a UK account in their own name.
- Settlement currency
- GBP, pound sterling
- Central bank
- Bank of England
- Rails
- Faster Payments, CHAPS and SWIFT
- Per-payment ceiling
- Faster Payments GBP 1,000,000; CHAPS unlimited
- Timing
- Minutes on Faster Payments, 24 hours a day; same day on CHAPS in scheme hours
- Third-party payouts
- Yes, to UK sort code and account number
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/GBP follows GBP/USD and is the pair used by UK companies that receive USDC from payment platforms or US clients. Proceeds reach a UK account over Faster Payments within minutes of the conversion in scheme hours.
| Rail | Ceiling per payment | Hours | Notes |
|---|---|---|---|
| Faster Payments | GBP 1,000,000 | 24/7 including bank holidays | Confirmation of Payee name check on receipt |
| CHAPS | No limit | Business days, same day before the bank's cut-off | Used above the Faster Payments ceiling |
| SWIFT | No limit | Business days | Sterling accounts held outside the UK |
- 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
- Is Faster Payments available for every sterling payout?
- For UK accounts up to GBP 1,000,000 per payment, where the receiving bank is on the scheme. Larger amounts go by CHAPS; sterling accounts outside the UK are reached over SWIFT.
- 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/GBP 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 pounds sterling 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 GBP: corridor page.
Other USDC and GBP pages
- USDT to GBP rateLive indicative USDT/GBP rate and how to sell USDT for pounds at size in XEROF Online, Swiss-regulated: bank settlement, one visible fee..
- USDC to CHF rateLive indicative USDC/CHF rate and how to sell USDC for Swiss francs at size in XEROF Online, Swiss-regulated: bank settlement, one visible fee..
- Payouts to the United KingdomPay UK suppliers, contractors and invoices in pounds from a stablecoin balance.
- How to cash out crypto: sell crypto for cashHow to cash out crypto and sell crypto for cash through a Swiss regulated counterparty: segregated wallet, firm quote, USD, EUR, CHF or GBP in your bank..
Open a XEROF account to settle USDC into pounds sterling.