Grey Expands Global USD Transfers and Introduces USDC Support

Grey, a prominent cross-border payments platform, has announced the expansion of its USD payout services to 174 countries while integrating USD Coin (USDC) cryptocurrency support. This strategic move targets the $900+ billion remittance market, providing a more rapid and cost-effective solution amid growing demand for digital remittances.

With this expansion, Grey aims to reduce global remittance fees, which average over 6% of the transferred amount. The service now supports USD transfers via SWIFT and ACH networks, offering delivery times as short as 10 minutes to many countries. This initiative is particularly beneficial for regions in Africa, Asia, and Latin America.

The introduction of USDC support allows for stable, efficient international transactions, maintaining a 1:1 peg with the US dollar and lowering transaction costs. The "Anywhere with Grey" campaign underscores the impact of these seamless cross-border payment solutions.