USDC Convert FAQ
Last updated: March 30, 2026
I deposited USDC to the platform. Why can't I convert it to another stable?
If you wish to convert USDC to another stablecoin (e.g. USDG, PYUSD, etc.), you must generate instructions using our Convert flow.
USDC deposited using instructions generated via the Deposit flow are currently ineligible to be converted to other stablecoins.
If your account is already funded with USDC and you wish to convert it to another stablecoin, we recommend doing the following to convert your USDC:
- Withdraw the deposited USDC to an off-platform wallet;
-
Create a "Convert" instruction via the Dashboard, specifying the relevant source and destination details;
- To withdraw to an external address, you'll need to save a destination wallet address first.
- Send in the USDC to the address specified in your Convert instructions;
- Desired stablecoin will land in your specified Paxos profile or external address.