---
updatedAt: 2026-08-31T18:25:56.000Z
agentTools:
  projectIndex: https://docs.zerohash.com/llms.txt
---

# USDC Trading Pairs

USDC Swaps on RFQ give platforms a way to offer digital asset trading quoted directly in **USDC on the Ethereum network**, so end users can buy and sell crypto out of their USDC balance without a separate USDC to USD conversion. The customer-facing quote, trade, and balance movement are all denominated in USDC. For supported instruments, see [here.](https://docs.zerohash.com/docs/supported-instruments-1)

## Use Cases

* **USDC-native platforms** that hold USDC on behalf of end users and want to trade without converting to USD first.
* **Stablecoin wallets and neobanks** offering crypto buy/sell against a USDC balance.
* **Cross-border and payments flows** where USDC is the working currency.
* **Platforms reducing conversion friction**, eliminating the doubled fees and slippage of a USDC to USD to asset round trip.

## Flow

1. The platform requests a quote for a `<UNDERLYING>/USDC.ETH` pair (buy or sell). The quote returns denominated in USDC.
   1. Specify `underlying` asset (reference supported instruments [here)](https://docs.zerohash.com/docs/supported-instruments-1) and `quoted_currency` as `USDC.ETH`  in the [RFQ payload](https://docs.zerohash.com/reference/post_liquidity-rfq)
2. The platform executes the quote. Credit is checked natively against the customer's USDC.ETH balance&#x20;
3. The trade settles in the same manner as a regular fiat denominated pair

## Key Features

* **USDC-native trading.** End users trade directly from their USDC balance, with no USDC to USD conversion step.
* **USD-par reporting.** Each USDC-pair trade is recorded at 1:1 par for compliance, reporting, and TaxBit tax purposes.
* **Buy and sell support** across the supported underlyings, in both US and EU regions.