Sinbad supports the USD coin (USDC). Other tokens like USDT, BTC, and ETH are not currently supported.

What is USD Coin (USDC)?

USD Coin is a digital dollar pegged to the US dollar and managed by Circle. In order to maintain it's peg, USDC is fully backed 1:1 with USD assets held in treasury—this means every digital dollar of USDC can always be exchanged 1:1 for cash.

Why USDC and not USDT?

USDC is held to a higher transparency standard compared to USDT. USDC is considered by industry experts as more trustable because it is audited more frequently, with more transparency as well as having a better stability track record compared to USDT.

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