USDC/BTC

Here is a short informative article about the USDC/UAH pair (or any other fiat currency) that will help you understand how payments work with the USDC stablecoin:

What is the USDC/UAH pair and how is it used in payments?

What is USDC?

USDC (USD Coin) is a stable cryptocurrency pegged to the US dollar at a 1:1 ratio. It is issued by Circle and fully backed by reserves. It is one of the most reliable stablecoins on the market.

What does the USDC/UAH pair mean?

The USDC/UAH pair is a trading pair that shows the exchange rate between USDC and the Ukrainian hryvnia (UAH). For example, if the USDC/UAH rate = 40, it means that 1 USDC is worth 40 hryvnias.

Why is USDC convenient for payments?

Stability: it is not subject to volatility like other cryptocurrencies (e.g., Bitcoin or Ethereum).

Speed: transactions occur almost instantly to any point in the world.

Transparency: the blockchain allows real-time transaction verification.

Low fees: especially for international transfers.

Example of use:

A freelancer in Ukraine can receive payment for a project in USDC from a client in the USA. Then, he exchanges USDC for hryvnias through an exchange or P2P service and receives funds on a card or in cash.