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What is USDC?

What is USDC, and why does Sling Money use it?

Updated over a week ago

USDC (USD Coin) is a type of digital dollar, what is called a stablecoin. One USDC is always meant to equal one US dollar. It’s built to remain stable, unlike other cryptocurrencies that fluctuate in value.

When you add money to your Sling Wallet, we convert it into USDP. That’s what powers transfers between Sling users: fast, secure, and free of the usual currency conversion headaches.

Want to send funds to your bank? No problem. When you withdraw, we automatically convert the USDP back into your chosen currency.

Simple in. Simple out. Always 1:1.

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