Bitstamp introducing multiple chains: USDC deposits and withdrawals on Stellar network

Bitstamp introducing multiple chains: USDC deposits and withdrawals on Stellar network

We are excited to introduce the first step in our journey to incorporate assets on multiple blockchains into our platform. As the first of many to come, we welcome USDC transfers on the Stellar network.

Now you can easily access the Stellar ecosystem: Simply buy USDC on Bitstamp and transfer it on the Stellar network, enabling you to explore and engage with various Stellar-based services and applications.

USDC on Stellar combines the power and inclusivity of the Stellar network with one of the world’s most widely used dollar digital currencies, enabling seamless, near-instant, low-cost cross-border payments, fiat on & off-ramping, and bulk payment disbursements, and more.

We are committed to simplifying and making it more cost-effective for you to access and utilize USDC on the Stellar network, representing a significant stride toward a faster, more efficient, and borderless financial future.

Bitstamp expands horizons with USDC integration on Stellar

Here’s a rundown of the multitude of benefits:

Near-instant transactions

Our support of USDC transfers on the Stellar network enables you to experience near-instant transactions compared to ERC-20.

Lower fees

With USDC on Stellar, you can enjoy significantly reduced transaction fees when compared to the ERC-20 variant.

Easy deposits and withdrawals

Bitstamp has streamlined the process of depositing and withdrawing USDC via the Stellar network.

Accessible integration

Not only can you use USDC on Stellar for efficient transactions, but you can also buy USDC directly on Bitstamp. We're committed to making it convenient for you to step into the Stellar ecosystem.

How does it work?

When depositing or withdrawing USDC on the Bitstamp web platform, you can now choose to use the Stellar chain instead of Ethereum's ERC-20 network. Simply select Stellar, enter the destination wallet address, and complete the transfer quickly and hassle-free.

To learn more about USDC or Stellar, feel free to read our Learn Center articles What is USD Coin (USDC)? and What is Stellar (XLM)?

With Bitstamp's option to use the Stellar chain for USDC transfers, we're not just simplifying transactions; we're paving the way for a truly borderless and cross-chain crypto ecosystem. It’s a glimpse into the future of finance where blockchain technology transcends boundaries and empowers users worldwide. Join us in shaping this decentralized future and experience the limitless possibilities of the crypto world, and stay tuned for more network integrations in the near future!

USDC Multi-chain support is currently not available in the U.S.