Bitget Wallet Introduces Instant USDT and USDC Bank Transfers in Nigeria and Mexico

The update enables instant fiat conversion from stablecoins via over 80 banks, supporting five major blockchains for cross-border and domestic payments.

ETH
USDT
BNB

Summary

Bitget Wallet announced the launch of a bank transfer feature for USDT and USDC in Nigeria and Mexico, connecting to over 45 banks in Nigeria and 35 in Mexico. The service supports BNB Chain, Ethereum, Solana, Tron, and Base, allowing instant conversion of stablecoins to local fiat currencies. According to the company’s official statement, the update aims to facilitate faster, more accessible cross-border and domestic payments using digital assets.

Terms & Concepts
  • USDT: Tether, a widely used stablecoin pegged to the US dollar.
  • USDC: USD Coin, a regulated stablecoin backed by U.S. dollar reserves.
  • Stablecoin: A cryptocurrency designed to maintain a stable value by being pegged to a reserve asset like the U.S. dollar.