Blog Article
Experience the Benefits of USDC on Stellar through Coinme
Author
Mark Heynen
Publishing date
Coinme
USDC
On and off-ramps
I’m excited right now. With Coinme's integration of USDC on Stellar, the future of finance is now at your fingertips – fast, affordable, and user-friendly.
We have joined forces with Coinme to finally unleash USDC on Stellar via the Coinme wallet and Coinme's cash on-and-off ramp ecosystem. With this one integration, we’re presenting a real-world blockchain solution for millions of people across the United States, with plans to go global.
Why use USDC on Stellar?
Stablecoins have surged in popularity within the domain of digital finance over the past few years. Due to its broadening utility, Circle’s USDC has become a significant offering for Coinme, as it provides access to digital assets for people with cash, enabling them to take part in the emerging digital economy. This is especially critical for the underbanked and unbanked population, as people don’t need bank accounts in order to convert their cash into USDC. With the inclusion of USDC on Stellar, Coinme patrons can transmit and receive USDC on one of the most efficient blockchains, providing an alternative to traditional forms of cash remittances and payments.
Stellar was built to accommodate various types of digital assets, allowing for the digitization of traditional currencies and assets. Consequently, the Stellar network has become a hub for USDC activity, with the potential to dispatch USDC for merely a fraction of a cent. By converting physical cash into digital USDC, Coinme's status as a cash on-and-off ramp for USDC is unparalleled within the crypto and blockchain space.
How does the Coinme wallet work?
For those curious about trying USDC on Stellar, Coinme provides a step-by-step tutorial on how to begin. Or, if you want to try it out for yourself, you can create a free Coinme account and find a USDC-enabled Coinme location in close proximity.
Coinme's vast cash network, boasting over 40,000 locations nationwide, is the most extensive cryptocurrency-cash network in the U.S. The option to deposit and withdraw USDC with nominal fees is available at thousands of Coinme-enabled locations, providing millions of unbanked or underbanked Americans with a new avenue to access digital finance and greater financial inclusivity.
Transferring and receiving USDC via the Coinme Wallet is virtually cost-free, making it a budget-friendly option for peer-to-peer transactions and cross-border payments. With a market capitalization surpassing $36 billion, USDC is a fully-reserved, dollar-backed digital asset.
"The combination of Coinme's immense cash network, USDC and the Stellar network is a disruptive force for the cash remittance and payments market."
– Neil Bergquist, CEO and Co-founder of Coinme.
You can try out the wallet yourself at your local Coinme-powered location. Experience the perks of a fast, economical, and user-friendly solution with USDC on Stellar today.