Usdc on solana: How to convert USDC on Solana to UST on Terra Luna A Guide by Jacob Canfield

Usdc on solana

Usdc on solana

Exchanges on LetsExchange are carried out rapidly, but the timing depends on the chosen cryptocurrencies and the blockchain load. If you have any questions, our user support is always up to help. We do not charge any payment for the trade of USD Coin to Solana. When exchanging crypt on, you only need to pay for the transaction within the blockchain system and the liquidity supplier’s fee. Solana-based wallet Phantom is looking ready to take on MetaMask by adding compatibility for new blockchains. This page contains all the important information for this trading pair and contract address.

Circle exists to make it even faster and easier for developers to realize their vision for USDC. Work with a suite of Web3 developer tools designed to make building on blockchain easy. Let’s say your local coffee shop carries a net profit margin of 3%. With the current system that’s in place, the shop owner pays 2% to 3% in payment fees to those previously mentioned intermediaries. If Solana Pay were used instead, these fees would all flow through to the bottom line, effectively doubling the profit for this coffee shop.

And this is a development crypto enthusiasts have long been waiting for. Making statements based on opinion; back them up with references or personal experience. For testing purposes it’s almost always better to create your own token and use it as your “devnet USDC”. However, since mainnet and devnet USDC mint addresses are different it’s easier to create your own mint and use it as USDC. This will give you more control on how much you can mint. Connect and share knowledge within a single location that is structured and easy to search.

All SPL tokens on Solana are owned by spl-token program. Pratik has been a crypto evangelist since 2016 & been through almost all that crypto has to offer. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now – he has seen it all.

LetsExchange is the platform you are searching. On this service, you can exchange USDC to SOL or another coin fast, without needed registration, and without maximum amount. needs to review the security of your connection before proceeding.

Potential for the development of USD Coin and Solana

As things currently stand, the price of USDC is exchanging hands at its $1 peg with a market cap of $35 billion. Crypto traders and developers can now use USDC, one of the most popular stablecoins, on fast, scalable, and cost-effective rails provided by the Solana blockchain. We want managing digital currency to be as easy as possible.

Expect the receiving of Solana to the recipient wallet address. Twitter’s influence over the crypto market has been shown once again, this time with Solana as the beneficiary. Some layer 1 tokens were starting the week with a price pump – and Solana in particular looks ready to rocket. Some USDC on Solana is pre-minted (“allowed”) but not in circulation. This amount has been deducted from the total supply.

Usdc on solana

The system is used by people from all over the world. LetsExchange does not store users’ funds, so there is no danger of losing tokens. Moreover, we utilize advanced technologies that guarantee a high safety level.

Multiple chains.

USDC is available on Ethereum, Algorand, Solana and Stellar blockchains, with more blockchain integrations to come. We’re building a network of possibilities for USDC. The world’s leading dollar digital currency lives on the world’s most powerful and innovative blockchains. But we are still in the very early innings of cryptocurrency adoption.

Get the Medium app

You will receive an email with instructions for how to confirm your email address in a few minutes. Tokenomics data for this coin is currently unavailable. And trillions of dollars flow through these companies’ respective payments networks every year. Solana Pay wants to create a direct link between the customer and the merchant that hasn’t been done before.

Get the latest crypto news, updates, and reports by subscribing to our free newsletter. How does BONK’s Growth Compare to Other Memecoins? Bonk sees a 300% price return in the first 8 days, compared to 141 days for Shiba Inu and 1,253 days for Dogecoin.

Where can I buy and sell Solana?

Digital assets do not typically have legal tender status and are not covered by deposit protection insurance. The past performance of a digital asset is not a guide to future performance, nor is it a reliable indicator of future results or performance. Additional disclosures can be found on the Legal and Privacy page. The Solana ecosystem is robust, with more than 80 projects and millions of users. With Solana USDC, developers can build on this ecosystem and access Circle’s full suite of payments and treasury infrastructure built around USDC. Solana is a blockchain network that touts its inherent scalability, claiming to be able to handle up to 50,000 transactions per second compared to Ethereum’s 15 or so.

Experience the power of Multi-chain USDC

Digital assets are subject to a number of risks, including price volatility. Transacting in digital assets could result in significant losses and may not be suitable for some consumers. Digital asset markets and exchanges are not regulated with the same controls or customer protections available with other forms of financial products and are subject to an evolving regulatory environment.

Centre introduced USDC, a stablecoin pegged to the US dollar, in 2018. It’s now the second-largest stablecoin in reported market cap, at $2.7 billion, behind only Tether. That represents over 500% growth in the last year—moving in tandem with what is now a $10+ billion market for decentralized finance products. Meaning even a tiny dent in the electronic payments market would definitely help propel the network’s value to new heights. What’s more, it would prove that cryptocurrencies and blockchain technology have legitimate utility and aren’t just a playground for speculation. As a direct consequence of this event, USDC de-pegged from the US Dollar, and for a short period of time, the stablecoin traded at a price lower than 90 cents.

With over 1485 crypto currencies supported by the resource, your options are practically unlimited. Learn more about our full range of powerful features including the best charts on the web. Its close association with FTX has made the last few weeks hell for Solana, and exchanges are worried the storm has only just begun. Solana’s biggest NFT marketplace had a bit of a mishap this week, which resulted in some less-than-magical images being shown to users. Solana’s Bear RunOn the left side of this chart, you can see long/strong green candles. This is how the market looks when we are in bull mode.

When the price hits the target price, an alert will be sent to you via notification. To receive alerts, please download the CoinGecko mobile app. USDC for Solana is now available on mainnet, and Circle will bring comprehensive support for Solana across its suite of platform services and APIs in Q4. Once you’re approved for a Circle Account, you can deposit funds via wire transfer and Silvergate Exchange Network .

Our free and easy-to-use Circle Account lets your business get started with our full suite of payment, treasury and liquidity solutions. You can access Solana USDC through a free Circle Account, via cryptocurrency exchanges and with dApps. Regardless of your choice, it’s easy to get started. Last month, Solana Labs, a company working to advance the Solana ecosystem, announced Solana Pay. Settlement times are instant and transaction costs are fractions of a penny.