USDC in Crypto Wallet

Crypto Wallet has introduced a new way to work with stablecoins. You can now top up your balance in USDT using USDC on the Solana and Ethereum networks, and withdraw USDT with subsequent conversion to USDC in Solana network. You no longer need to manually convert USDC to USDT on third-party platforms — Crypto Wallet will do it for you at a 1:1 rate or close to the market rate.

Continue reading to learn how USDC deposits and the related conversion work.

What is USDC

USDC (USD Coin) is a regulated, fiat-collateralized stablecoin pegged 1:1 to the US dollar and managed by Circle.

Stablecoins are cryptocurrencies whose value is pegged, or tied, to that of a fiat currency. One USDC or USDT coin is most often equivalent to 1 US dollar.

Crypto Wallet also supports USDT on TON, as well as the Tron (TRC-20), Ethereum (ETH) and Solana (SOL) networks. Read more about USDT in Crypto Wallet in this article.

Which networks are supported for USDC deposits and withdrawals

At the moment, USDC deposits are available via Ethereum (ERC-20) and Solana (SOL) networks, while withdrawals are only supported through Solana (SOL).

More networks and stablecoins may be added in the future. Subscribe to our "Wallet News" channel to stay updated on the latest developments.

How to deposit USDC into Crypto Wallet

  1. Open your Crypto Wallet and tap “Deposit” > “Stablecoins”.
  2. Select USDC and the correct network (ETH or SOL).
  3. Copy the address and paste it into the withdrawal form on the other platform.

When your deposit is processed, your tokens will be converted into USDT at a 1:1 rate or at the market rate. You will receive the equivalent amount of USDT in your Crypto Wallet.

How to withdraw USDC from Crypto Wallet

  1. Open your Crypto Wallet and tap "Withdraw" > "Stablecoins".
  2. Select USDC and the SOL network.
  3. Enter the withdrawal amount and the destination address.
  4. Review the conversion rate and network fee, then confirm the transaction.

The corresponding USDT amount will be debited from your balance immediately upon confirmation. The conversion rate is fixed at the moment you tap “Confirm”.

In what cryptocurrency are my funds stored

All funds will be stored in USDT, regardless of whether you deposited USDC or USDT. You can find your total USDT balance in the main menu in the “Dollars” tab.

Is there a minimum or maximum amount for USDC deposits and withdrawals

Minimum deposit amount is defined by Crypto Wallet for each individual transaction. The exact limit will appear on the deposit screen.

There is no maximum deposit limit.

There is no maximum or minimum withdrawal amount.

Note: deposits below the minimum limit will not be credited and may result in loss of funds.

What can cause the conversion rate to change

Despite both USDC and USDT being dollar-pegged stablecoins, occasionally their market prices may differ slightly. Usually we apply a 1:1 USDC-to-USDT rate. However, if the price difference exceeds the allowed threshold, or if your monthly 1:1 conversion quota is used up, the actual market rate is applied instead.

The approximate USDC-to-USDT rate used for your transaction is always shown prior to deposit.

What are my conversion limits

Each user has a 30-day USDC-to-USDT conversion quota on a 1:1 rate. This quota applies to both USDC deposits and withdrawals. For the Base tier, this quota is 2,000 USDC. Higher limits may be available on other tiers.

You will see your current quota on the deposit or withdrawal screen.

You will be able to view your remaining quota in the transaction notifications in your @wallet chat.

What happens if I exceed the limit

Once your 1:1 quota is used up, further USDC-to-USDT conversions are processed at the current market rate until the quota resets.

The quota is updated every 30 days.

What happens if a single USDC transaction is larger than my remaining 1:1 quota

The portion of the transaction covered by your remaining quota will be converted at 1:1. The amount that exceeds the quota will be converted at the current market rate.

When is the conversion rate settled

The USDC deposit rate is settled after successful transaction review.

For USDC withdrawals, the rate is fixed at the moment you tap “Confirm”, and is final.

What happens if USDC significantly depegs from USDT

If the market price difference between USDC and USDT exceeds the allowed threshold, the market rate will automatically apply to all new USDC transactions — both deposits and withdrawals. This information will be visible on the transaction screen, along with the current rate and the final amount you will receive.

Where can I see the conversion rate applied to my transaction

The applied USDC-to-USDT rate is visible in the transaction notification. There, you will also see the USDC amount received and the USDT credited to your balance. For withdrawals, you will see the USDT debited and the USDC sent to your address.

Is there a fee for depositing or withdrawing USDC

There is no fee for depositing USDC.

For USDC withdrawals, a fee of 1.5 USD applies.

Can I deposit USDC and withdraw USDT, or withdraw USDT as USDC

Yes. You can deposit in either USDC or USDT, and withdraw in either asset — regardless of what you originally deposited.

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