Wayex supports the most trusted and widely used stablecoins in the market. These digital assets are designed to hold a steady value, typically pegged to the US dollar, making them ideal for spending, saving, or transferring without the volatility of other cryptocurrencies.
Here are the stablecoins currently supported on Wayex:
USDC (USD Coin)
Issued by Circle, USDC is one of the most trusted and transparent stablecoins. It’s fully backed by US dollar reserves and audited regularly, making it a reliable option for everyday use and spending with your Wayex Visa card.
USDT (Tether USD)
Tether is the most widely used stablecoin globally. Known for its deep liquidity and fast transfers, USDT is accepted across nearly all major crypto platforms. It’s backed by reserves and designed to maintain a 1:1 peg with the US dollar.
DAI (MakerDAO Stablecoin)
DAI is a decentralised stablecoin governed by the MakerDAO protocol. Unlike USDC and USDT, DAI is not issued by a single company. Instead, it’s backed by crypto collateral and managed by smart contracts, offering an alternative for users who prefer decentralised options.
PYUSD (PayPal USD)
Launched by PayPal, PYUSD is a new entrant to the stablecoin space. It’s backed by dollar deposits and US Treasuries, combining PayPal’s reach with the flexibility of crypto. It’s ideal for users who want a familiar brand behind their digital dollars.
Multi-Network Support
To give you more flexibility, Wayex supports 5+ blockchain networks for deposits and withdrawals of these stablecoins. Supported networks include:
This means faster transactions, lower fees, and the ability to choose the network that best suits your needs.
If you have any further questions, contact our 24/7 live chat or email us at support@wayex.com. We’re here to help! 😄