{"id":35470,"date":"2021-01-27T18:54:43","date_gmt":"2021-01-27T16:54:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35470"},"modified":"2025-08-29T01:27:53","modified_gmt":"2025-08-28T22:27:53","slug":"circle-streamlines-usdc-to-dollar-conversion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/circle-streamlines-usdc-to-dollar-conversion\/","title":{"rendered":"Circle streamlines USDC-to-dollar conversion"},"content":{"rendered":"<p>The cryptocurrency firm Circle unveiled a new API for the automatic conversion of the USDC stablecoin into U.S. dollars. The clearing system will help customers who prefer not to make card payments due to high fees.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">ACH now live at Circle \u2014 full support across both Payments and Payouts! Read more: <a href=\"https:\/\/t.co\/jFBC9VkiLj\">https:\/\/t.co\/jFBC9VkiLj<\/a><\/p>\n<p>\u2014 Circle (@circlepay) <a href=\"https:\/\/twitter.com\/circlepay\/status\/1354106594930417664?ref_src=twsrc%5Etfw\">January 26, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe crypto-derivatives exchange FTX was the first to implement the new functionality to accelerate settlements in U.S. dollars and USDC transactions between the Ethereum and <a href=\"https:\/\/u1f987.com\/en\/news\/usdc-stablecoin-launched-on-the-solana-blockchain\">Solana<\/a> blockchains.<\/p>\n<p>To implement Circle&#8217;s initiative, Circle started cooperating with the cybersecurity company Plaid, which will prevent inaccuracies in specifying bank account numbers and other common errors, raise security levels and reduce fraud risks.<\/p>\n<p>Launched in October 2018, USDC is pegged to the U.S. dollar at a 1:1 ratio. According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/all\" target=\"_blank\" rel=\"noopener noreferrer\">CoinGecko<\/a> at the time of writing, the stablecoin&#8217;s market capitalization is more than $5.4 billion.<\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/usdc-and-busd-issuance-growth-outpaces-tethers-usdt\">As reported, the pace of USDC issuance surpassed the performance of the USDT token<\/a> from Tether.<\/p>\n<p>In December, Circle CEO Jeremy Allaire urged the United States to <a href=\"https:\/\/u1f987.com\/en\/news\/circle-ceo-urges-u-s-cooperation-in-crypto-regulation\">cooperate<\/a> in regulating the cryptocurrency industry.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full feed of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency firm Circle unveiled a new API for the automatic conversion of the USDC stablecoin into U.S. dollars. The clearing system will help customers who prefer not to make card payments due to high fees.<\/p>\n","protected":false},"author":1,"featured_media":35471,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1220,910],"class_list":["post-35470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-circle","tag-usdc"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=35470"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35470\/revisions"}],"predecessor-version":[{"id":35472,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35470\/revisions\/35472"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/35471"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=35470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=35470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=35470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}