How to embed USDC Crypto Account into your app?
How to embed USDC Crypto Account into your app?
- Striga
- 4 min read
Table of Contents
Striga offers USDC accounts with unique blockchain deposit addresses allowing users to deposit and withdraw USDC directly into and from the wallet. Fiat deposited through vIBANs provided by Striga can be swapped into USDC and vice versa which is held in these accounts.
USD Coin(USDC) is a cryptocurrency known as a stablecoin. It was launched in 2018 by CENTRE Consortium, a collaboration between Circle and Coinbase. USDC maintains a 1:1 value ratio with the US dollar, bridging the gap between traditional fiat currencies and digital currencies by keeping its value steady and tied to the US dollar. At all times, it is fully backed by corresponding dollar reserves, ensuring that every USDC circulated in the market has an equivalent US dollar in the reserve. This helps maintain its value stability and reduce the risk of price volatility.
What are the benefits of a USDC crypto account?
Stability for P2P transfers
Since USDC is tied to US dollar, it doesn’t go through drastic price swings like other cryptocurrencies. Thus making the crypto account a safe option for people looking for a stable blockchain payment and is one of the foremost advantages against other cryptocurrencies.
Accessible and transparent
USDC is not bound by banking hours or limitations and is accessible to anyone with an internet connection. Since USDC operates on blockchain technology, it also offers transparency and security tied to the technology. Each transaction is traceable, immutable, and secure.
Fast and low fees
Due to the blockchain payment technology underlying USDC, it is significantly faster and cheaper than traditional wire transfer or money remittance services. Transaction happens within minutes, sometimes even in seconds rather than days in traditional methods.
With the USDC account offered by Striga, users can transact USDC within the Striga platform and outside Striga platform. They can swap, buy, sell, withdraw, and deposit USDC in this account.
Issue crypto VISA USDC payments cards
Striga embedded crypto technology allows you to easily create, manage, and grow a USDC card program. You can issue your own branded USDC-backed physical and virtual cards. This card will be linked to the USDC account, and when a transaction is done through the cards it will be deducted directly from the USDC balance in the account. These cards are also fully customizable.
You can set personalized spending limits, swiftly authorize decisions in real time, restrict specific merchant categories through Webhook endpoints, and verify transactions seamlessly via SMS confirmation. All of these features and benefits of USDT accounts and cards are accessible via Striga APIs.
Striga Crypto-native Banking as a Service:
Your path to building and launching financial products
Join the financial businesses that use Striga’s cloud platform to delight their customers and launch their own products without the complexities that come when dealing with core banking solutions’ relationships, licensing, compliance and payments methods.
