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What exchange rate is used for USD to USDC conversion?

Written by Dalpat

USD received into your Virtual US Bank Account is converted to USDC at a 1:1 ratio. For every $1 USD received, you get $1 USDC credited to your Kosh wallet, minus any applicable fees.

This means you never lose value on the conversion itself — the only deductions are the banking and conversion fees outlined in the fees article.

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