What wallet do I need to receive USDC?

USDC is sent on Ethereum, so you need any EVM wallet such as MetaMask or Rabby. Use an address you control; if you send to an exchange, check that it accepts USDC on Ethereum, as some exchanges don't credit deposits that come from a smart contract.

Do I need KYC or an account to swap xBTC to USDC?

No. There is no sign-up, no email and no ID verification: you pay xBTC from your own wallet and receive USDC at an address you choose. NEAR Mobile Swap is only an interface to the NEAR Intents protocol and never asks for personal data.

How long does a xBTC to USDC swap take?

The swap itself settles in seconds once your xBTC deposit is confirmed on Solana. Total time depends mostly on how many confirmations Solana needs for the deposit, plus the withdrawal to Ethereum.

Convert OKX Wrapped BTC to USD Coin (xBTC → USDC)

Q: Who holds my xBTC during the swap?

NEAR Mobile never does. Your xBTC goes to a deposit address created for your quote, NEAR Intents settles the swap on-chain, and the USDC is sent straight to your address on Ethereum. If the swap can't be filled, the xBTC is refunded to your wallet or refund address. Funds you keep in a NEAR Intents balance (Deposit tab) can only be moved with your wallet's signature.

Swap xBTC on Solana to USDC on Ethereum in one step, without bridging it yourself. Powered by NEAR Intents.

No KYC
No account
Self-custody

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How to convert OKX Wrapped BTC to USD Coin

The widget above is already set to xBTC on Solana → USDC on Ethereum. The whole swap runs in one flow through NEAR Intents:

Step 1: Choose how to pay
Connect a Solana wallet such as Phantom or Solflare that holds your xBTC. Or turn on Swap from external wallet to get a deposit address and QR code you can pay from any wallet or exchange; you then add an address on Solana for refunds.

Step 2: Enter the amount and where to receive
Type how much xBTC to swap and the Ethereum address that receives the USDC, from any EVM wallet such as MetaMask or Rabby. The widget shows how much USDC you will receive, fees included, before you confirm.

Step 3: Confirm and send
Approve the transfer in your wallet, or send the amount to the deposit address. Once it confirms on Solana, solvers fill the swap and the USDC is sent to your address on Ethereum. If the swap can't be filled, your xBTC is refunded.

Prefer to keep a balance inside NEAR Intents? The Deposit tab adds xBTC to it, Swap trades within it, and Withdraw sends tokens out to their own networks.

⚠ Important: receive on an address you control. If you send the USDC to an exchange instead, check that it accepts USDC on Ethereum: some exchanges don't credit deposits that come from a smart contract.

About the xBTC → USDC swap

This is a cross-chain swap: your xBTC leaves Solana and USDC arrives on Ethereum. Normally that takes a bridge plus a DEX, or a centralized exchange account. With NEAR Intents the deposit, swap and withdrawal happen in one flow, and what lands in your wallet is USDC on Ethereum, ready to use there with no second bridging step.

Swapping xBTC to USDC converts a volatile asset into a dollar-pegged stablecoin, a common way to lock in a price or step out of market swings without off-ramping to a bank account.

About OKX Wrapped BTC and USD Coin

What is OKX Wrapped BTC (xBTC)?

xBTC is a wrapped version of bitcoin issued by the OKX exchange. It launched on 22 May 2025 on Solana, Sui and Aptos, and the OKX product page now lists X Layer as well. The aim is to let BTC holders use their coins in on-chain apps on those networks while keeping bitcoin price exposure.

Type: Custodial wrapped bitcoin (SPL token)
Launched: 2025
Consensus: Runs on Solana (also Sui, Aptos, X Layer)
Max supply: No fixed cap (1:1 with BTC reserves)
Swap network: Solana

OKX Wrapped BTC official site ↗

How OKX Wrapped BTC works

OKX holds the reserve. Withdrawing BTC from an OKX account to a supported chain delivers xBTC one-for-one, and depositing xBTC back to OKX converts it to BTC. OKX says the reserves are fully in its custody and verifiable through on-chain Proof of Reserves, and that the token contracts were audited by CertiK, MoveBit, MixBytes and Zellic.

What xBTC is used for

On Solana, xBTC gives users a bitcoin-priced asset for lending, liquidity pools and trading against other Solana tokens. It also lets OKX customers move BTC exposure on-chain without a third-party bridge.

xBTC supply

There is no fixed cap or emission schedule. Supply expands and contracts as customers convert between BTC and xBTC through OKX, matched 1:1 by the exchange's bitcoin reserves.

Before you swap xBTC

xBTC is a custodial token, not native bitcoin: its backing depends on OKX, and redeeming it for BTC requires an OKX account. On Solana it is a standard SPL token (not Token-2022) with 8 decimals, and OKX keeps a freeze authority over it. Keep a little SOL for fees and token-account rent, or pick BTC as the output if you want coins on the Bitcoin network.

What is USD Coin (USDC)?

USDC is a US dollar stablecoin issued by Circle, first launched in September 2018 through the Centre consortium that Circle founded with Coinbase. Circle now manages the token directly, and USDC is issued natively on a range of blockchains, with Ethereum among the largest.

Type: Fiat-backed stablecoin
Launched: 2018
Consensus: Inherits the consensus of each host blockchain
Max supply: No fixed cap (minted and redeemed on demand)
Swap network: Ethereum
Sector (Messari): Stablecoins

USD Coin official site ↗Sector classification by Messari ↗

How USD Coin works

Each USDC is meant to be redeemable for one dollar, and Circle mints or burns tokens as institutional customers deposit or withdraw funds. Reserves are held in cash and short-dated US government obligations, largely through a dedicated fund, and Circle publishes regular reports on their composition.

What USDC is used for

USDC is widely used for settlement and payments, both in crypto markets and in business transfers that benefit from moving dollars at any hour. In decentralized finance it serves as a common unit for lending, liquidity pools and trading.

USDC supply

Supply is elastic: USDC is created when dollars are deposited and destroyed when it is redeemed. Circle aims to keep reserves equal to or greater than the amount of USDC in circulation.

Before you swap USDC

The widget defaults to USDC on Ethereum, but the same token also lives on Solana, NEAR, Base and other chains, so select the network your wallet actually uses. Beware of bridged versions with similar names, which are not the same as natively issued USDC.

Looking for the reverse?Convert USDC to xBTC →

More swaps:All xBTC pairs →All USDC pairs →

Swap xBTC for other tokens

xBTC → BTC xBTC → ETH xBTC → NEAR xBTC → USDT

Other ways to get USDC

XAUT → USDC USAD → USDC USDCx → USDC XLM → USDC BCH → USDC DASH → USDC

Popular token swaps

BTC → USDC ETH → USDC SOL → USDC NPRO → USDC BTC → ETH ETH → NEAR BTC → SOL ETH → SOL

View all token swap pairs →

xBTC to USDC: frequently asked questions

What to know before swapping OKX Wrapped BTC for USD Coin

Use the widget on this page, already set to xBTC on Solana → USDC on Ethereum: connect your wallet or pay by QR code, enter the amount and your Ethereum address, and confirm. NEAR Intents swaps it and sends the USDC to that address in one flow, and the widget shows the exact amount you will receive before you confirm.