Currencies, Network and Balances

How funds move in and out of Buzzing, which currencies and networks we support

USDC and Base on Buzzing

• Buzzing operates using USDC (USD StableCoin) as the core settlement currency.

• USDC is a USD-pegged stablecoin issued under US regulations.

• All on-chain transactions on Buzzing are done in USDC on the Base network.

• For crypto deposits and withdrawals, users must send and receive USDC on Base.

Philippine Peso (PHP) and GCash on Buzzing

• Buzzing is a USD-based trading platform; all trading balances are held in USDC.

• For user convenience, we allow deposits and withdrawals in local currencies, starting with Philippine Peso (PHP).

• When users deposit PHP via GCash, the funds are automatically converted into on-chain USDC at real-time exchange rates and credited to their Buzzing balance.

• Likewise, when withdrawing to PHP, the user’s USDC balance is converted back to PHP at the current rate and sent to their GCash account.

Others’ local currencies on Buzzing Beyond Philippine Peso, Buzzing plans to support additional local currencies and payment channels in other regions. The core design will remain the same: users will be able to deposit and withdraw in their local currency, while all trading balances on Buzzing continue to be held in USDC on the Base network. Details such as supported countries, currencies, and payment providers will be announced as they go live.