Digital bank FV Bank integrates USDC stablecoin for direct deposits

While Binance and WazirX are working to delist USD Coin, companies like FV Bank and Robinhood are moving to support the USDC stablecoin.

The global digital bank FV Bank is the latest financial platform to enable deposits in Circle-backed stablecoin USD Coin .

According to the announcement, received USDC funds are instantly and automatically converted into the U.S. dollar at the moment of deposit. This new solution allows FV Bank users holders to raise invoices to their international clients in USDC, enabling faster and cheaper transactions as well as conversions, the firm said.

Paschini pointed out that USDC will be the first stablecoin accepted for deposit into USD at this time, but FV Bank might consider more stablecoins in the future.

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