BBVA Switzerland Expands Cryptocurrency Services: Adds USDC Stablecoin Support
Publication Time:2024-09-09 19:01:07
Over the past three years, BBVA Switzerland Bank has been one of the pioneers in offering cryptocurrency services to retail investors through a digital investment account with no net worth requirements. Although the initial threshold was set at retaining an equivalent of $10,000 in deposits, the bank recently broadened its service offerings by introducing Circle's USDC stablecoin. This update is not limited to the new-generation digital investment accounts for individuals but also covers institutional and private banking clients of the Swiss bank. Prior to this expansion, BBVA only supported two cryptocurrencies: Bitcoin and Ethereum. Notably, with this service extension, bank users can now hold USDC and also have the possibility to use it for other cryptocurrency transactions.
Circle
Cryptocurrency
USDC Stablecoin
BBVA