Stablecoins

A stablecoin is a digital token or coin pegged to the value of stable assets like fiats and gold.

Stablecoins work on Bitnob by helping you transact with USD on different stablecoin networks.

USDC

USDC(USD Coin) is a stablecoin peg at 1 USDC is equal to 1 USD. it is backed by dollar-denominated assets held in segregated accounts with US regulated financial institutions.

USDC gives the opportunity to buy and trade USD on the blockchain.

Sending USDC

USDC can be sent from a business's USD wallet to a USDC address. This is achieved by converting the specified amount into USDC coins and sending it over the network.

Receiving USDC

Bitnob generates a USDC address on a selected network for a user, converts the USDC coins when received to the native USD on the wallet.

USDC Supported Networks

We transact USDC on the following networks:

  • Binance Smart Chain(BSC)
  • Trx(TRX)
  • Solana(SOL)

❗️

Unsupported Networks

Transactions made on unsupported networks will be reversed or incomplete.

USDT

USDT(USD Tether) is also a stablecoin also pegged with USD in a 1:1 ratio.

🚧

Sending and Receiving

Transactions on USDT works similarly to USDC

USDT supported Network

We transact USDC on the following networks:

  • Binance smart chain(BSC)

❗️

Unsupported Networks

Transactions made on unsupported networks will be reversed or incomplete.