Swapping Cosmos Hub for USD Coin: what you need to know
Exchanging ATOM for USDC ERC20 locks in the dollar value of your Cosmos Hub and takes price swings out of the picture. At ROVEN exchange you receive USDC straight to your own wallet at a rate known in advance.
Cosmos (ATOM) is the coin of the Cosmos Hub, the centre of an ecosystem of interconnected blockchains. USDC ERC20 is Circle’s regulated stablecoin on Ethereum, with reserves attested monthly.
Why swap ATOM for USDC ERC20
Moving into USDC ERC20 protects your capital from a drop in ATOM and makes settlements simpler: dollar amounts are clear to everyone involved. USDC is convenient for settlements, storage and moving funds between platforms.
Networks and addresses
| You send ATOM | You receive USDC ERC20 | |
|---|---|---|
| Network | Cosmos Hub | Ethereum (ERC20) |
| Address | “cosmos1…” | “0x” + 40 characters |
| Network speed | a block comes every 6 seconds | a block comes every 12 seconds |
| Memo / tag | Required, from the order | Not needed |
What to watch out for
- When sending ATOM, paste the memo from the order; staked coins take 21 days to unbond.
- USDC ERC20 arrives at a “0x…” address; keep a little ETH in the wallet for future transfers.
- When sending ATOM, include the memo from the order, or the payment will have to be traced manually.
- The rate is locked for 30 minutes: send ATOM within that time and you’ll receive exactly the amount shown in the order.
How long the swap takes
Swap speed depends on both networks. On Cosmos Hub, a block comes every 6 seconds; on Ethereum (ERC20), a block comes every 12 seconds. The whole ATOM to USDC ERC20 swap usually takes 5 to 30 minutes once your transfer is confirmed.
Right now ROVEN exchange swaps ATOM for USDC ERC20 at 1 ATOM = 1.60965 USDC, with a minimum of 12.5 ATOM. Fill in the form above: no sign-up is needed, and you can track the order status online.
