USDC transfers allow for quicker, more affordable global withdrawals compared to wire transfers. Typical processing times for wire transfers through banks can take multiple business days; whereas, USDC transfers can take a few minutes once processing begins. Additionally, the processing fee has been decreased from $25 USD for original wire transfers to $10 USD. Lastly, USDC is interoperable and can be used anywhere it is accepted, such as many blockchain-based apps and platforms.
How is a USDC transfer different from a wire transfer?
