September 30, 2022

Embily adds TRX network support for USDC.

Tallinn, Estonia, July 29, 2022 (GLOBE NEWSWIRE) — Embily has added TRX for USDC stablecoin to its list of supported networks. With this move, the crypto card provider continues to expand its range of usability and convenience, allowing the company to process more transactions with USDC while accelerating support for the popular cryptocurrency and the fiat exit ramp.

The addition of TRX (TRON blockchain network) allows Emily users to top up their crypto bank cards in USDC at lower network fees using the TRON network. Funds added to the Embily account will be instantly converted into Euros and ready to be used for online and offline purchases or cash withdrawals.

“Using the USDC stablecoin on the TRX network allows our users to quickly top up the Embily card by leveraging the bandwidth of the Tron network,” as stated by Embily CTO Eugeny Khashin. “Like USDT, USDC is a stablecoin, and it needs to be supported due to its rate of expansion in the DeFi world. At Embily, we understand how important it is for our customers to have the choice,” says Khashin.

Currently, Embily accepts BTC, ETH, BNB, TRX, DAI ERC-20, USDT ERC-20/TRC-20/OMNI, and USDC ERC-20/TRC-20.

The USDC stablecoin is a regulated digital currency under the financial laws of the United States. Its value is pegged to the US dollar and is considered a popular choice among risk-averse cryptocurrency market participants who seek stability and a predictable, volatility-free instrument for day-to-day online trading.

For now, Embily crypto cards are only available to residents of Europe, the United Kingdom, and immigrants from Ukraine to Europe. Still, it intends to significantly expand its geographic reach in 2022 and enter the Singapore and US markets.

The Embily financial infrastructure allows individuals to use crypto-enabled cards to make everyday purchases using crypto as easily as fiat. From online and offline payments to ATM cash withdrawals, the wide range of convenient functions allow users to manage crypto through a comprehensive one-stop interface.

Disclaimer: There is no offer to sell, no solicitation of an offer to buy, and no endorsement of security or any other product or service in this article. This is not investment advice. Readers are encouraged to do their own research.

Media Contact:

Company name: Embily

Contact person: Elena Vino

Email: [email protected]