{"id":5804,"date":"2021-01-18T13:47:39","date_gmt":"2021-01-18T06:47:39","guid":{"rendered":"https:\/\/news.bitcoinvn.io\/?p=5804&lang=en"},"modified":"2024-05-13T07:42:11","modified_gmt":"2024-05-13T00:42:11","slug":"cash2vn-enables-usdc-remittances-to-vietnam","status":"publish","type":"post","link":"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/","title":{"rendered":"Cash2VN enables USDC remittances to Vietnam"},"content":{"rendered":"

Vietnamese crypto remittance platform <\/span>Cash2VN<\/span><\/a> has launched support for the USD-backed stablecoin <\/span>USDC<\/span><\/a>.<\/span><\/p>\n

<\/p>\n

Cash2VN <\/span>was launched in 2015<\/span><\/a> as a service by Vietnam\u2019s oldest Bitcoin exchange <\/span>BitcoinVN<\/span><\/a> in order to facilitate fast & simple transfers to Vietnam via the modern tools of cryptocurrency.<\/span><\/p>\n

USDC is issued by regulated financial institutions, and backed by fully reserved assets, and redeemable on a 1:1 basis for US dollars. USDC is governed by <\/span>Centre<\/span><\/a>, a membership-based consortium which was established as a cooperation between two of North America\u2019s leading cryptocurrency exchange & OTC platforms, Coinbase & <\/span>Circle<\/span><\/a>.<\/span><\/p>\n

\"\"<\/p>\n

Bao Phuong Nguyen<\/span><\/a>, who heads one of Vietnam\u2019s leading OTC desks at BitcoinVN:<\/span><\/p>\n

\u201cWhile up until about half a year ago USDT was completely dominating the USD-stablecoin market in South East Asia; we started to notice some uptick in traction and demand for USDC since a few months.<\/span><\/i><\/p>\n

While in terms of volume still far behind USDT for the time being, USDC has at this point established itself as solid number 2 in the marketplace with demand and volume increasing steadily over the past couple of months.\u201d<\/span><\/i><\/p>\n

\"\"These observations from one of the country\u2019s leading OTC desks are coherent with the rapidly expanding amount of USDC in circulation (as visible in the chart above).<\/span><\/p>\n

One of the major challenges ahead for USDC (and other ERC20-based stablecoins) remains the rapidly rising transaction costs on the Ethereum network.<\/span><\/p>\n

\"Ethereum
Ethereum network fees are steadily increasing due to onchain-trading activity,\u00a0 thereby pricing out stablecoin value transfers. Source: ycharts.com<\/a><\/figcaption><\/figure>\n

Cash2VN<\/span><\/a> Creator <\/span>Alex Winter<\/span><\/a>:<\/span><\/p>\n

\u201cEspecially for a service like ours where cheap and fast transfers of value across borders are of high importance, the behaviour of the Ethereum network seems long-term not viable for these types of use cases.<\/span><\/i><\/p>\n

Our service is already able to process <\/span><\/i>SLP-based USDT transactions<\/span><\/i><\/a> with basically no transaction fees and it would be quite simple for us to add an USDC_SLP version to our service.\u201d<\/span><\/i><\/p>\n

USDC is planning to tackle this issue by rolling out its stablecoin on additional Blockchain implementations over the course of 2021.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Vietnamese crypto remittance platform Cash2VN has launched support for the USD-backed stablecoin USDC.<\/p>\n","protected":false},"author":11,"featured_media":5805,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,10549],"tags":[],"class_list":["post-5804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoinvn-business","category-featured-sub-panel"],"yoast_head":"\nCash2VN enables USDC remittances to Vietnam - BV Insights<\/title>\n<meta name=\"description\" content=\"Vietnamese crypto remittance platform Cash2VN has launched support for the USD-backed stablecoin USDC.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cash2VN enables USDC remittances to Vietnam - BV Insights\" \/>\n<meta property=\"og:description\" content=\"Vietnamese crypto remittance platform Cash2VN has launched support for the USD-backed stablecoin USDC.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/\" \/>\n<meta property=\"og:site_name\" content=\"BV Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/www.bitcoinvn.io\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-18T06:47:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-13T00:42:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2021\/01\/Banner-cash2vn-remittances-01-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1622\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"L\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@bitcoin_vietnam\" \/>\n<meta name=\"twitter:site\" content=\"@bitcoin_vietnam\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"L\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/\"},\"author\":{\"name\":\"L\",\"@id\":\"https:\/\/bitcoinvn.io\/insights\/#\/schema\/person\/67269650987baa2568fb304df71bb1b2\"},\"headline\":\"Cash2VN enables USDC remittances to Vietnam\",\"datePublished\":\"2021-01-18T06:47:39+00:00\",\"dateModified\":\"2024-05-13T00:42:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/\"},\"wordCount\":358,\"publisher\":{\"@id\":\"https:\/\/bitcoinvn.io\/insights\/#organization\"},\"image\":{\"@id\":\"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2021\/01\/Banner-cash2vn-remittances-01-scaled.jpg\",\"articleSection\":[\"BitcoinVN\",\"Featured - Sub Panel\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/\",\"url\":\"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/\",\"name\":\"Cash2VN enables USDC remittances to Vietnam - BV Insights\",\"isPartOf\":{\"@id\":\"https:\/\/bitcoinvn.io\/insights\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2021\/01\/Banner-cash2vn-remittances-01-scaled.jpg\",\"datePublished\":\"2021-01-18T06:47:39+00:00\",\"dateModified\":\"2024-05-13T00:42:11+00:00\",\"description\":\"Vietnamese crypto remittance platform Cash2VN has launched support for the USD-backed stablecoin USDC.\",\"breadcrumb\":{\"@id\":\"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/#primaryimage\",\"url\":\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2021\/01\/Banner-cash2vn-remittances-01-scaled.jpg\",\"contentUrl\":\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2021\/01\/Banner-cash2vn-remittances-01-scaled.jpg\",\"width\":2560,\"height\":1622,\"caption\":\"Cash2VN enables USDC remittances to Vietnam\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/bitcoinvn.io\/insights\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BitcoinVN\",\"item\":\"https:\/\/bitcoinvn.io\/insights\/category\/bitcoinvn-business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Cash2VN enables USDC remittances to Vietnam\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/bitcoinvn.io\/insights\/#website\",\"url\":\"https:\/\/bitcoinvn.io\/insights\/\",\"name\":\"BV Insights\",\"description\":\"News source for cryptocurrencies, Bitcoin, and blockchain in Vietnam\",\"publisher\":{\"@id\":\"https:\/\/bitcoinvn.io\/insights\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/bitcoinvn.io\/insights\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/bitcoinvn.io\/insights\/#organization\",\"name\":\"BitcoinVN\",\"alternateName\":\"Bitcoin Vietnam\",\"url\":\"https:\/\/bitcoinvn.io\/insights\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/bitcoinvn.io\/insights\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/07\/cropped-icon.png\",\"contentUrl\":\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/07\/cropped-icon.png\",\"width\":512,\"height\":512,\"caption\":\"BitcoinVN\"},\"image\":{\"@id\":\"https:\/\/bitcoinvn.io\/insights\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/facebook.com\/www.bitcoinvn.io\",\"https:\/\/x.com\/bitcoin_vietnam\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/bitcoinvn.io\/insights\/#\/schema\/person\/67269650987baa2568fb304df71bb1b2\",\"name\":\"L\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/9e2c5c71d704c93b8da31241358aefee89c2bc5924fe9e3ea0a74d40e840d4b0?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9e2c5c71d704c93b8da31241358aefee89c2bc5924fe9e3ea0a74d40e840d4b0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9e2c5c71d704c93b8da31241358aefee89c2bc5924fe9e3ea0a74d40e840d4b0?s=96&d=mm&r=g\",\"caption\":\"L\"},\"url\":\"https:\/\/bitcoinvn.io\/insights\/author\/rowens\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cash2VN enables USDC remittances to Vietnam - BV Insights","description":"Vietnamese crypto remittance platform Cash2VN has launched support for the USD-backed stablecoin USDC.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/","og_locale":"en_US","og_type":"article","og_title":"Cash2VN enables USDC remittances to Vietnam - BV Insights","og_description":"Vietnamese crypto remittance platform Cash2VN has launched support for the USD-backed stablecoin USDC.","og_url":"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/","og_site_name":"BV Insights","article_publisher":"https:\/\/facebook.com\/www.bitcoinvn.io","article_published_time":"2021-01-18T06:47:39+00:00","article_modified_time":"2024-05-13T00:42:11+00:00","og_image":[{"width":2560,"height":1622,"url":"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2021\/01\/Banner-cash2vn-remittances-01-scaled.jpg","type":"image\/jpeg"}],"author":"L","twitter_card":"summary_large_image","twitter_creator":"@bitcoin_vietnam","twitter_site":"@bitcoin_vietnam","twitter_misc":{"Written by":"L","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/#article","isPartOf":{"@id":"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/"},"author":{"name":"L","@id":"https:\/\/bitcoinvn.io\/insights\/#\/schema\/person\/67269650987baa2568fb304df71bb1b2"},"headline":"Cash2VN enables USDC remittances to Vietnam","datePublished":"2021-01-18T06:47:39+00:00","dateModified":"2024-05-13T00:42:11+00:00","mainEntityOfPage":{"@id":"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/"},"wordCount":358,"publisher":{"@id":"https:\/\/bitcoinvn.io\/insights\/#organization"},"image":{"@id":"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/#primaryimage"},"thumbnailUrl":"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2021\/01\/Banner-cash2vn-remittances-01-scaled.jpg","articleSection":["BitcoinVN","Featured - Sub Panel"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/","url":"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/","name":"Cash2VN enables USDC remittances to Vietnam - BV Insights","isPartOf":{"@id":"https:\/\/bitcoinvn.io\/insights\/#website"},"primaryImageOfPage":{"@id":"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/#primaryimage"},"image":{"@id":"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/#primaryimage"},"thumbnailUrl":"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2021\/01\/Banner-cash2vn-remittances-01-scaled.jpg","datePublished":"2021-01-18T06:47:39+00:00","dateModified":"2024-05-13T00:42:11+00:00","description":"Vietnamese crypto remittance platform Cash2VN has launched support for the USD-backed stablecoin USDC.","breadcrumb":{"@id":"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/#primaryimage","url":"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2021\/01\/Banner-cash2vn-remittances-01-scaled.jpg","contentUrl":"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2021\/01\/Banner-cash2vn-remittances-01-scaled.jpg","width":2560,"height":1622,"caption":"Cash2VN enables USDC remittances to Vietnam"},{"@type":"BreadcrumbList","@id":"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-usdc-remittances-to-vietnam\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/bitcoinvn.io\/insights\/"},{"@type":"ListItem","position":2,"name":"BitcoinVN","item":"https:\/\/bitcoinvn.io\/insights\/category\/bitcoinvn-business\/"},{"@type":"ListItem","position":3,"name":"Cash2VN enables USDC remittances to Vietnam"}]},{"@type":"WebSite","@id":"https:\/\/bitcoinvn.io\/insights\/#website","url":"https:\/\/bitcoinvn.io\/insights\/","name":"BV Insights","description":"News source for cryptocurrencies, Bitcoin, and blockchain in Vietnam","publisher":{"@id":"https:\/\/bitcoinvn.io\/insights\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/bitcoinvn.io\/insights\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/bitcoinvn.io\/insights\/#organization","name":"BitcoinVN","alternateName":"Bitcoin Vietnam","url":"https:\/\/bitcoinvn.io\/insights\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/bitcoinvn.io\/insights\/#\/schema\/logo\/image\/","url":"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/07\/cropped-icon.png","contentUrl":"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/07\/cropped-icon.png","width":512,"height":512,"caption":"BitcoinVN"},"image":{"@id":"https:\/\/bitcoinvn.io\/insights\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/facebook.com\/www.bitcoinvn.io","https:\/\/x.com\/bitcoin_vietnam"]},{"@type":"Person","@id":"https:\/\/bitcoinvn.io\/insights\/#\/schema\/person\/67269650987baa2568fb304df71bb1b2","name":"L","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9e2c5c71d704c93b8da31241358aefee89c2bc5924fe9e3ea0a74d40e840d4b0?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9e2c5c71d704c93b8da31241358aefee89c2bc5924fe9e3ea0a74d40e840d4b0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9e2c5c71d704c93b8da31241358aefee89c2bc5924fe9e3ea0a74d40e840d4b0?s=96&d=mm&r=g","caption":"L"},"url":"https:\/\/bitcoinvn.io\/insights\/author\/rowens\/"}]}},"lang":"en","translations":{"en":5804,"vi":5807},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/bitcoinvn.io\/insights\/wp-json\/wp\/v2\/posts\/5804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinvn.io\/insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinvn.io\/insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinvn.io\/insights\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinvn.io\/insights\/wp-json\/wp\/v2\/comments?post=5804"}],"version-history":[{"count":1,"href":"https:\/\/bitcoinvn.io\/insights\/wp-json\/wp\/v2\/posts\/5804\/revisions"}],"predecessor-version":[{"id":5806,"href":"https:\/\/bitcoinvn.io\/insights\/wp-json\/wp\/v2\/posts\/5804\/revisions\/5806"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinvn.io\/insights\/wp-json\/wp\/v2\/media\/5805"}],"wp:attachment":[{"href":"https:\/\/bitcoinvn.io\/insights\/wp-json\/wp\/v2\/media?parent=5804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinvn.io\/insights\/wp-json\/wp\/v2\/categories?post=5804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinvn.io\/insights\/wp-json\/wp\/v2\/tags?post=5804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}