The network matters: TRC-20, ERC-20, and other options for USDC and USDT
The main practical mistake when exchanging stablecoins is sending on one network while the recipient expects another. USDT operates on several networks: TRC-20 (Tron) and ERC-20 (Ethereum) are the most common. TRC-20 is cheaper in network fees and faster, ERC-20 is more widely supported by major exchanges. USDC is available on Ethereum (ERC-20), Solana, Tron, and several other networks. If you send USDT via TRC-20 to an address that expects ERC-20, the funds will not arrive and may be lost. Before any exchange, always confirm with the recipient which specific network they expect the transfer on - this is the only way to avoid an error.
Why 1 USDC is not always exactly equal to 1 USDT in practice
Both stablecoins are nominally equal to 1 dollar, but they trade on a market where price is determined by supply and demand. In calm periods, the difference between them is minimal - fractions of a cent. During moments of market stress (such as spring 2023 following the Silicon Valley Bank events), USDC briefly traded below the peg until it became clear that Circle was isolated from the losses. USDT experienced its own deviation episodes in 2018. For most users, these deviations are insignificant. For large transactions, it is important to understand: the USDC/USDT exchange rate when converting is not exactly 1:1, but the market price at the time of the transaction.
When to exchange USDC for USDT and how to arrange the exchange through ATM24
Common reasons for converting USDC to USDT: an exchange only accepts one of the formats; a partner or counterparty works with a specific stablecoin; liquidity of the required trading pair is higher for USDT. Exchanging directly through decentralized exchanges requires a crypto wallet and an understanding of smart contract operations - not the easiest path for a beginner. ATM24 accepts stablecoin exchange orders through Telegram and WhatsApp: the manager agrees on the rate, volume, and transfer network. Before sending, clarify the details - an error in the address or network when working with cryptocurrency is irreversible. Also consider the regulatory layer: a stablecoin can be frozen by the issuer at the regulator's request, and crypto asset transactions are restricted differently in different jurisdictions and do not have banking deposit protection.
The scope of identification (KYC) and source-of-funds verification (AML) is determined by applicable law and the transaction amount; specific requirements are communicated by the manager before payment.
Transactions with crypto assets involve regulatory risks; their permissibility depends on the jurisdiction of the parties and may change. Before the transaction, independently assess the applicable restrictions; the manager confirms the possibility and terms of the specific transaction before payment.