Are there any minimum tokenization amounts for USDC?
There is no minimum tokenization amount for USDC.
Are there any fees for tokenizing USD?
Circle charges no fees for tokenization. Your bank might charge you wire transfer and FX fees. For more details on fees, please see our fee schedule.
When can I tokenize USDC?
Tokenizations are available from Monday to Friday (more timing details below), excluding holidays observed by the Federal Reserve System.
How long will my tokenization take?
We cannot initiate our process until we receive your wire transfer in our bank account. Your wire transfer will be subject to your bank’s wire transfer timelines. Our bank receives wire transfers between 9am and 5.30pm EDT on business days.
Once we receive the USD in our bank account, we will first verify the wire information against the information you have provided, and ensure that the tokenization amount is not above your weekly limit.
The transaction will then be subject to review by our risk and compliance team. This review process can take between 30 minutes and 2 business days
I am unable to add a memo or reference with my reference number, what can I do?
If you are not able to add a memo or reference to your wire transfer, we will not be able to process your transfer, and the wire will be returned to your account, with our “rejected wire fee” deducted.
My bank does not recognise the Silvergate SWIFT code for International USD transfers
Please contact your bank as their SWIFT database may not be up-to-date.
I made a typo in my reference number, what will happen?
If you made a typo in the reference number you sent along with your wire transfer, we will not be able to process your transfer, and the wire will be returned to your account, with our “rejected wire fee” deducted.
The name and address on my bank account are not exactly the same as on my Circle USDC Account, what will happen?
When we receive an incoming bank transfer, the originating bank sends us bank account holder name and address information. We check for name and address matching on every incoming bank transfer. If there is a mismatch, the transfer will be reviewed by our team, which may introduce a delay on your tokenization. If our team determines that the names and/or addresses do not match, the wire will be returned to your bank account, with our “rejected wire fee” deducted.
If you believe that your account may be held up in this fashion and have additional information to provide, please contact support.
What happens if I go above my Tokenization limit?