What's the best stablecoin onramp?

Looks like Circle charges ~3% for card transactions, 0.2% for ACH and $8 for wires.

Is that the best you can do? I *think* Coinbase users can ACH in $1000, then withdraw 1000 USDC. Are they just eating the cost as a loss leader?

https://www.circle.com/en/pricing#payments

Real World Ethereum 🌎 
building /daimo ✳️ 

@base builder #001; onchain cities w/ OAK & city3

like, directly from fiat to USDC address? or fiat > Coinbase account > convert to USDC > withdraw to address?

afaik the USD and USDC books are unified so no need to convert within Coinbase anymore. But there might still be a few day settlement between ACH and free to withdraw. I’ve only gone the other way recently and it was v smooth with no waiting time

I like baking /goodbread and building apps on web3 protocols. DevRel @ ENS Labs. gregskril.com

So does Coinbase absorb Circle’s fees as OP theorised?

running experiments; writing https://kori.ooo

I think Circle and Coinbase are partners so maybe there’s some agreement to avoid/lower fees. I don’t work at Coinbase, just sharing a recent experience. @jessepollak might know

USDC is issued by Centre which is a consortium that includes Circle and Coinbase