Circle and OKX launch zero-fee 1:1 USDC-to-USD conversions

Circle and OKX have partnered to roll out seamless, zero-fee conversions between USDC and the US dollar, offering direct 1:1 swaps within the OKX platform.

Circle and OKX have partnered to launch zero-fee conversions between USDC Coin (USDC) and the US dollar, giving OKX’s 60 million users seamless access to stablecoin liquidity. The integration enables users to convert USD to USDC and back on a 1:1 basis directly within the OKX platform, with no trading fees, improving the user experience across both retail and institutional segments.

“Demand for USDC continues from businesses and individuals eager to adopt this new form of high-utility and internet-based money,” said Co-founder, Chairman and CEO of Circle Jeremy Allaire.

Before this integration, converting between USD and stablecoins often involved order book inefficiencies, trading fees, and a UX that treated stablecoin swaps like any other asset pair. The Circle-OKX partnership fixes this by offering 1:1 swaps that feel more like money movement than trading.

OKX currently supports conversions across 12 out of 23 USDC-supported networks, including Ethereum, Solana, Arbitrum, Optimism, Base, and Aptos, making it one of the most flexible platforms for USDC access.

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In addition to 1:1 swaps, the partnership streamlines fiat on- and off-ramps by integrating with banking partners as well as payment providers like Apple Pay and PayPal. This makes it easier for users to deposit and withdraw USD, allowing faster access to USDC for trading, payments, and transfers.

These developments build on Circle’s broader push to make USDC more accessible and interoperable across the crypto ecosystem. Most recently, the company announced Gateway, a new cross-chain infrastructure that enables instant USDC liquidity across multiple blockchains without traditional bridging. So, instead of sending USDC from one network to another manually, users can deposit their USDC into a shared balance through Gateway, which they can then access from any supported blockchain.

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