FUTX now supports deposits, withdrawals, and trading of USD! You can freely interchange popular stablecoins such as USDC and USDP in a 1:1 manner as ‘USD’ on FUTX. US Dollar wire transfer deposits will credit USD to your account and wire transfer withdrawals will allow you to seamlessly convert popular stablecoins to US Dollars.
USDC and USDP can be deposited and credited 1:1 with USD, and you can withdraw USD as any of these 1:1. Note that USDT is not part of the USD Stablecoin basket on FUTX; however, you can still freely deposit, withdraw and trade USDT across multiple chains, including ERC20, Solana, Arbitrum, Omni, and TRC20.
USD support will allow you to do some of the following:
· Deposit US Dollars and immediately withdraw stablecoins such as USDC or USDP
· Trade popular assets like BTC and ETH against US Dollars and USDT on the same platform
See below for additional details:
1. USD cash trading are now available on FUTX and all trades are denominated and settled in USD. The pairs currently supported for trading on FUTX include BTC/USD, ETH/USD, and USDT/USD.
2. With the launch of USD, all USDC and USDP assets involved in the products and services provided by FUTX will be converted to USD. In addition, FUTX will delist USDC & USDP pairs from its cash trading services, including USDC/USDT and USDP/USDT.
3. Deposits of USDC, USDP, and US Dollars will allow appear as ‘USD’ in your account; however, you can still seamlessly withdraw ‘USD’ as any asset of your choosing. For example, you can deposit USDC and withdraw USDC. You can also deposit USDP and withdraw USDC without the need to sell USDP for USDC.
Please click the following links to learn more about USDC and USDP.
USDC ：https://futx.io/en/support/articles/136724-usdc-usdcoin
USDP：https://futx.io/en/support/articles/136744-paxos-standardpax