Indicative rate
USDC to USD: sell USDC for US dollars at size
Live indicative USDC/USD rate and how USDC is settled into US dollars on a bank account through XEROF Online, in your own name or to a third-party beneficiary.
USDC to USD, indicative mid-market
1.0000 USD
- Bid
- 0.9999 USD
- Ask
- 1.0000 USD
Indicative mid-market rate from tier 1 liquidity, updated 6:29:33 PM. 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 US dollars on a bank account
- 1USDC (ERC-20) arrives in your segregated wallet at XEROF.
- 2You convert USDC to USD in XEROF Online at the live rate.
- 3Same day on Fedwire and RTP in US banking hours; next business day on ACH: US dollars reach the account over Fedwire, RTP, ACH and SWIFT.
USD settlement: rails, timing and who uses it
The dollar is the currency most stablecoins are pegged to, so a USD settlement is mostly a question of rails and timing rather than rate: the mid-market sits within a few basis points of parity. Fedwire and RTP settle the same day in US banking hours; ACH takes a business day; SWIFT reaches dollar accounts anywhere, including the USD corridor to China.
US and international companies holding stablecoin treasuries, funds and family offices settling to dollar accounts, and payers using the United States corridor to pay suppliers in USD.
- Settlement currency
- USD, the US dollar, the unit both USDT and USDC are pegged to
- Central bank
- Federal Reserve
- Rails
- Fedwire, RTP, ACH and SWIFT
- Per-payment ceiling
- RTP USD 5,000,000; ACH USD 1,000,000; Fedwire and SWIFT unlimited
- Timing
- Same day on Fedwire and RTP in US banking hours; next business day on ACH
- Third-party payouts
- Yes, to US and non-US dollar accounts
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/USD sits within a few basis points of parity in normal conditions, because Circle redeems USDC one for one against dollars for its institutional customers; the indicative figure reflects venue supply and demand around that anchor. Treasuries that hold USDC as a dollar equivalent settle here.
| Rail | Ceiling per payment | Availability | Reaches |
|---|---|---|---|
| RTP | USD 5,000,000 | 24/7, instant | Participating US banks |
| ACH | USD 1,000,000 | Business days, next day | Any US account |
| Fedwire | No limit | Fed operating hours, same day | Any US account |
| SWIFT | No limit | Business days | USD accounts outside the US |
- 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
- Does a USD settlement have to go to a US bank?
- No. Dollars can be paid over SWIFT to a USD account at a bank outside the United States, including the dedicated USD corridor to China. RTP and ACH are for US accounts.
- 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/USD 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 US dollars 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 USD: corridor page.
Other USDC and USD pages
- USDT to USD rateLive indicative USDT/USD rate and how to sell USDT for US dollars at size in XEROF Online, Swiss-regulated: bank settlement, one visible fee..
- USDC to EUR rateLive indicative USDC/EUR rate and how to sell USDC for euros at size in XEROF Online, Swiss-regulated: bank settlement, one visible fee..
- Payouts to the United StatesPay US suppliers, counterparties and invoices in dollars 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 US dollars.