BBVA announced it is expanding its cryptocurrency custody and trading services to include USD Coin (USDC). This addition will benefit the bank’s institutional and individual account holders in Switzerland.

According to an announcement on BBVA's website, the expansion will allow its banking clients to transfer value more efficiently with blockchain and secure their stablecoins into BBVA’s vault. Additionally, BBVA’s Swiss institutional and private banking clients, as well as holders of NewGen accounts, can now manage their USDC funds and traditional investments on the same platform. These customers can exchange, custody, or automatically convert USDC in near real-time into euros, dollars, or any other currency.

According to the press release, USDC—backed by liquid cash and cash-equivalent assets—is a stablecoin with price parity to the U.S. dollar. Powered by blockchain technology, the stablecoin has less volatility compared to other crypto-assets. USDC is redeemable at 1:1 for U.S. dollars.

Get the Newsletter

Sign-up to receive weekly round up of news from Crypto Republique

This is the third cryptocurrency that BBVA has added to its digital asset service in Switzerland. "We want to offer our private clients simple access to the tokenized products they are most interested in and cannot access through traditional financial institutions. Meanwhile, our institutional clients need us to provide options to guarantee the assets they manage," Philippe Meyer, Head of Digital Solutions and Blockchain at BBVA in Switzerland, said in the press release. "We will analyze all the crypto assets they are investing in to continue building our offering with further innovative solutions," Meyer said.

More News

Eurite: 'EURI maintains compliance with stringent EU standards.'

Eurite (EURI), a European-regulated stablecoin company controlled by Banking Circle, said it is compliant with "stringent EU standards." Eurite shared their statement in a September 11 post on X.

Sep 20, 2024

David Princay: Eurite is 'becoming one of the most traded stablecoins in the Europe ecosystem'

David Princay, President of Binance France, said that Eurite has quickly become one of the most traded stablecoins in the European ecosystem, signaling a step forward for blockchain innovation in Europe. Princay shared his statement in a September 6 post on X.

Sep 20, 2024

BBVA expands crypto services to include USD Coin

Sep 16, 2024

Alpha Architect announces insights on private investment volatility

Alpha Architect announced Larry Swedroe's insights on the impact of spreading volatility in private investments. The research shows that private equity's infrequent valuations can smooth returns, leading to underestimated risks and over-allocation.

Sep 14, 2024

European Crypto Initiative Team said: MiCA is 'critical... to regulate the rapidly evolving crypto-asset market with the EU.'

The European Crypto Initiative (EUCI), a blockchain advocacy group, said that the MiCA Regulation aims to create a harmonized regulatory framework for crypto-assets. EUCI shared their statement on a September 6th post on X.

Sep 13, 2024

The European Crypto Initiative Team: 'Big changes are coming to the crypto world in the EU, and it all starts with #MiCA'

The European Crypto Initiative (EUCI), a European blockchain advocacy group, stated that the Markets in Crypto-Assets (MiCA) regulations are poised to bring significant changes to the crypto world within the European Union. EUCI shared their statement on September 4 via a post on X.

Sep 6, 2024

Crypto Comments

Loading...

No comments available.

CRYPTO NEWS AROUND THE GLOBE

Cours gratuits de Binance en France : éducation ou marketing illégal ? - Coins.fr

Les utilisateurs du Coinbase Wallet peuvent désormais s’envoyer de l’argent via des liens WhatsApp, TikTok et Instagram

Le géant IBM dévoile une nouvelle technologie pour les cold wallets de cryptomonnaies

Bitcoin dépasse Tesla et Berkshire Hathaway pour se hisser dans le top 10 des actifs du monde entier

Lobby aux USA : les entreprises crypto ont cassé la tirelire en 2023

Coinbase : ce que dit le rapport de “transparence” de la plateforme

Taxpayers in Swiss City Can Settle Bills With Bitcoin, Tether

SEC's Absence at Binance Settlement Announcement Raises Questions

Binance Tops PYMNTS' Provider Ranking of Crypto Wallets

Are Binance and France the newest couple in Crypto Town?

L’ETF BTC de BlackRock engrange 100 000 dollars, sans être approuvé - Coins.fr

Riot passe la plus grosse commande de mineurs BTC de son histoire - Coins.fr

Les hackers français du protocole DeFi Platypus relaxés - Coins.fr

A quoi s’attendre pour 2024 ? Entretien avec l’EUCI, le plus gros lobby crypto européen

Crypto : une réunion qui pourrait tout changer est prévue la semaine prochaine

UK Lawmakers Question Whether ‘Britcoin’ Digital Pound is Needed

Binance’s Top Executive Team to ‘Remain Intact,’ New CEO Says

EXCLUSIF. Salvus devient le premier stablecoin français à obtenir son agrément de monnaie électronique

Le FSB souhaite s'assurer que les règles pour les bourses crypto sont suffisantes - Coins.fr

Selon le célèbre Arthur Hayes, le traitement réservé à CZ et Binance par les USA est absurde

Les plans du nouveau PDG de Binance après le départ de CZ

Guerre anti-crypto : Binance.US traqué par la SEC

Binance menacée de fermer ? Ce nouvel élément déterminera tout

Columbia Business School Professor on Binance settlement: Major financial firms have been caught doing worse 'yet suffered much milder consequences’

Binance investit dans Open Campus, un protocole éducatif web3 - Coins.fr

“Il m’a royalement ignorée” : Christine Lagarde raconte la mésaventure crypto de son fils

Waltio lève 1,8 million d'euros, notamment auprès du Crédit Agricole

Bitcoin ETF Optimism Spurs Largest Asset Inflows Since Late 2021

New Binance CEO shares vision for crypto’s future

Waltio lève 1,8M€ pour simplifier la fiscalité crypto - Coins.fr

BBVA expands crypto services to include USD Coin

More News

Crypto Comments

Loading...

Trending