Where can I convert USDC to USD? (2024)

At Xapo Bank.

Xapo Bank makes it possible for you to deposit USDC into your account. The USDC is then converted to USD on a 1:1 basis the moment it is received, giving you immediate access to the dollars in your Xapo Bank account.

While some other exchanges also offer this service, they usually charge a fee. With Xapo, it’s free of charge. It takes just a few minutes and your dollars are ready to spend either with your Xapo card or via bank transfer.

At the moment, it is not possible to transfer a stablecoin directly into a regular fiat account. This is because stablecoins run through blockchains, which are not compatible with the more common fiat accounts.

However, Xapo Bank has a unique feature which makes it possible to send USDC into your Xapo account and have it automatically converted into USD. Your dollars are instantly available for you to spend or transfer to any other fiat account.

You can get your USDC back to USD through an exchange process, which typically involves a fee. After the exchange, you would need to cash out and then transfer to your bank account. The entire process could take up to 2 working days.
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However, Xapo Bank makes this process a lot simpler, faster and cheaper. When you deposit USDC into your Xapo account, it is converted to USD the moment it is received and the USD is immediately available for you to spend. Also, Xapo does not charge any fees for this, which means that for every 1 USDC deposited into your Xapo account, you get 1 USD. No delays. No fees. No hassle.

Xapo Bank is a crypto-enabled bank licensed by the Gibraltar Financial Services Commission. We give our members access to a US Dollar and Bitcoin account, successfully bridging the gap between traditional banking and crypto. USDC deposits into Xapo are immediately converted to USD on a 1:1 basis, giving instant dollar cash value with zero exchange fees.