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USDC.e is a “bridged version of Ethereum USDC” that was transferred from the Ethereum blockchain. Because of this, USDC.e differs from native USDC. Circle customers can create native USDC using the Circle Account and Circle APIs. Like other native USDC tokens on different blockchains, you can deposit USDC back into your Circle Account and convert it to fiat without friction. To return to fiat using USDC.e, you must “unbridge” USDC.e back to the Ethereum blockchain. Once unbridged, you receive native USDC on Ethereum (“Ethereum USDC”). From there, you can deposit the Ethereum USDC into your Circle Account and off-ramp to fiat currency.
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