How to Get USDC on Solana

Stablecoins like USD Coin (USDC) have become reliable players in crypto as they offer price stability (comparable to fiat)  without giving up blockchain’s speed and transparency. But not all networks handle stablecoins the same way.

If you want really quick transfers and some of the lowest fees in the industry, USDC on Solana (often called USDC-SPL) is where things can get exciting.

What Is USDC on the Solana Network?

USDC is a stablecoin issued by Circle and pegged 1:1 to the US dollar. While it exists on multiple blockchains, Solana has its own native version of it called USDC-SPL. SPL stands for “Solana Program Library,” which is the Solana equivalent of ERC-20 on Ethereum or TRC-20 on Tron.

USDC on Solana is natively minted by Circle for Solana’s ecosystem. That means when you hold USDC-SPL, you’re using an official and fully backed stablecoin that enjoys all the speed and scalability that Solana offers. With transaction speeds of up to 107,664 TPS and low fees, USDC on Solana is one of the most practical stablecoin options available today.

Which Wallet Supports USDC on Solana?

Not every wallet supports every blockchain, which is why choosing the right one is crucial. Luckily, Solana has a strong ecosystem of compatible wallets. One of these is Velto, a Web3 crypto app.

Velto makes it easy to buy, send, receive, and store USDC on Solana while giving you full control over your private keys. With its approachable design, built-in swaps, and cross-chain features, Velto takes away the friction of managing multiple wallets.

How to Buy USDC on Solana (Step-by-Step on Velto)

Getting USDC on Solana through velto is easier than you think. Here’s how you can do it:

1. Download Velto from Apple Store or Google PlayStore.
2. Install Velto and tap ‘Create a new wallet.’
3. Write down your seed phrase and enable biometrics.
4. Go to the homescreen and deposit SOL into the platform. The amount of SOL should be greater than the amount of USDC you’d like to buy.
5. Once you’ve got your SOL, go to the Swap feature and choose to convert SOL to USDC. Make sure to select the Solana network.
6. Enter the amount of USDC you’d like to get.
7. Confirm the transaction and wait for the USDC tokens to reflect in your wallet.

How to Transfer USDC to Solana from Other Networks

If you already have USDC on Velto, but on another network, you can still move it to Solana. This process is called a cross-chain transfer or bridging. Here’s how it works:

1. Open your Velto wallet.
2. Go to the Swap feature.
3. Select USDC on the upper part. Tap on it and select the current network (e.g., Ethereum).
4. Select USDC on the lower part. Tap on it and select the Solana network.
5. Enter the amount you’d like to convert.
6. Confirm the transaction

How to Receive USDC on Your Solana Wallet

Here’s a step-by-step guide on how you can receive or deposit USDC on your Solana Web3 wallet:

1. Open your Velto wallet.
2. Navigate to the homescreen and tap “Receive.”
3. Select USDC, and copy your wallet address or screenshot the QR code.
4. Go to your external exchange or wallet, then go to the withdrawal section.
5. Select USDC.
6. Paste your Velto wallet address as the recipient.
7. Select the Solana network. Picking something else will send your funds to the wrong network.
8. Confirm the transaction. Your USDC should arrive in your wallet in a few.

Fees and Transaction Times for USDC on Solana

One of Solana’s biggest selling points is its incredibly low fees. Sending USDC on Solana usually costs much less than using other networks, but it can still very depending on the transaction amount. Meanwhile, transaction times are also near-instant, typically confirming in less than a second. 

The Bottom Line

USDC on Solana combines the stability of the world’s most trusted stablecoin with the amazing speed and low fees of the Solana network. Whether you’re buying it directly through Velto, bridging from another chain, or receiving it as payment, the process is quick and straightforward. Once you’re set up, you’ll enjoy one of the best crypto experiences available today.

Disclaimer: Velto is offered on an “as-is” and “as-available” basis for self-custody of virtual assets. It does not provide legal, tax, accounting, or investment/financial advice, nor does it execute or custody transactions on your behalf.

Virtual-asset transactions are irreversible and highly volatile. Loss of your private keys or signing malicious transactions can result in permanent loss of assets. You bear sole responsibility for safeguarding keys and verifying transaction details, and assessing and complying with all applicable legal, tax, and regulatory obligations. Always consult qualified independent advisers before acting on any information or prompts generated by Velto.

Velto and its affiliates disclaim all liability for any direct, indirect, or consequential losses arising from your use of, or reliance on, the software or its content. By downloading or using the wallet (Velto), you acknowledge and accept these terms.

FAQ

How do I get USDC on the Solana network?

You can get it through wallets like Velto, use a centralized exchange that supports USDC transfers to Solana, or bridge it from another network.

Which wallets support USDC on Solana?

One of your best options is Velto, a smart Web3 crypto wallet.

Do I need SOL to send or receive USDC on Solana?

You’ll only be charged for sending USDC, not receiving. Just like ETH on Ethereum, you’ll need a small amount of SOL to pay network fees when sending.

How can I bridge USDC from Ethereum to Solana?

You can use the cross-chain swap feature of Velto.

Why is my USDC not showing up in my Solana wallet?

Chances are you received USDC on the wrong network (ERC-20, TRC-20, etc.). Always double-check that the sender is using USDC-SPL for Solana.

Is USDC on Solana the same as ERC-20 USDC?

Both represent the same stablecoin backed by Circle, but they exist on different blockchains and are not interchangeable without a bridge.

What’s the fastest way to get USDC on Solana?

Getting it directly on a wallet like Velto is the fastest.

Are fees lower for USDC transfers on Solana compared to Ethereum?

Usually. Solana transfers often cost much less than Ethereum transfers, which may cost several dollars per transaction.