BBVA is expanding its cryptocurrency custody and trading services in Switzerland to include USD Coin (USDC), a stablecoin whose value is pegged to the US dollar.
This addition will enable BBVA’s institutional clients to speed up their trading operations by enabling them to transfer value more efficiently with blockchain and secure their stablecoins into BBVA’s vault.
BBVA’s institutional and private banking clients in Switzerland, as well as those with a NewGen account, can now manage their USDC funds on the same platform where they handle their traditional investments. They can exchange, custody, or automatically convert USDC in near real-time into euros, dollars, or any other currency.
This incorporation also allows BBVA’s institutional clients to manage their operations on cryptocurrency exchanges…
Read More
