Get paid in USDC
Some clients prefer to pay in USDC, a dollar stablecoin. It arrives in minutes and costs little to send. The cost is in cashing it out, so compare that before you ask clients to use it.
Key facts
- Issuer
- Circle, through regulated affiliatesCircle: USDC
- Backing
- Cash and cash equivalents, mostly a registered government money market fund; monthly attestationsCircle: USDC
- Redemption
- 1 USDC for 1 US dollar through Circle for institutions; people sell through exchanges and walletsCircle: USDC
- Networks
- Issued natively on many blockchains, including Ethereum, Base and SolanaCircle: USDC
- In Navorina
- USDC to your own wallet on Base is in testing and opens soon. Navorina never holds the money
What lands from one payment
EstimateOnline transfer, like Wise
USD 6.11 to receive a wire plus about 0.5% to convert
1,983.89 USD
USDC to your wallet, then an exchange
A few cents on Base plus about 1% to sell and withdraw
1,979.95 USD
Bank wire
About USD 30 in fees and about 3% off the rate
1,910.00 USD
Estimates from published fees on the day above. Exchange and bank fees in your country can differ.
What to agree with the client
Agree the network before the first payment. USDC on Base and USDC on Ethereum are the same dollar but sent on different networks, and a payment on the wrong one can be hard to recover.
Put the amount, the network and your wallet address on the invoice, and send a small test payment the first time.
Tax does not change
Income in USDC is still income. Most countries count it in local currency on the day you receive it. Read your country's guide and keep a record of each payment.
Questions
Is USDC the same as USDT?
Both track the dollar. USDC is issued by Circle with published monthly attestations; USDT is issued by Tether. Exchanges in your country may support one better than the other.
Can a client pay me in USDC through Navorina today?
Not yet for everyone. It is in testing behind an invite, and the money goes straight to a wallet you control.
Not tax, legal or financial advice. Rules change and your case may differ; check with the authority linked above or an accountant before you act. Terms