Circle’s US Dollar Coin (USDC) Stablecoin Gets Support On Silvergate Exchange Network (SEN)
Last Laugh For USDC As Silvergate Exchange Network Is Now Available For Transactions
Silvergate Exchange Network (SEN) is now supporting the redemption and issuance of US Dollar Coin commonly abbreviated as USDC. The entry of SEN is crucial to the Cryptocurrency market as it is now possible to execute real-time exchanges.
Customers with accounts at Silver Bank with SEN are the ones to get huge benefits. They will be able to make instantaneous issuing and redeeming through a dedicated web application Circle USDC.
It Is A Basketful Of Fortunes
With the new move, SEN is adding reliability, efficiency and clamor for the top crypto prize. The network now provides a smooth, reliable and fast way to issue and redeem USDC. This is a differentiator and strength that SEN is going to use to stamp its authority on the lucrative crypto niche.
How The System Works
The system is able to detect orders within 25 minutes and start the process of settling transactions. The chain of actions triggers the automatic issuing of tokens. Once you are here, you can start to transfer your USDC to a wallet of your choice. Factoring in the duration it takes for a bank transfer, average timing for Ethereum transactions and issuing of tokens; you can transfer your dollars from bank into USDC tokens’ wallet in not less than 45 minutes. Changing of USDC tokens into bank dollars will under minutes.