Original sourceNoah Blog
Summary
Noah and Bitget announced a partnership letting 100 million Bitget Wallet users receive US dollars and euros through Noah's regulated stablecoin payment infrastructure. Users can obtain local virtual USD and EUR accounts, receive transfers via ACH, Fedwire, SEPA, SWIFT, and other rails, with funds…
Key points
- Cross-border workers and small merchants who need to receive USD or EUR but do not want a traditional bank account gain another way to deposit within a wallet.
- Converting bank deposits directly into stablecoins effectively gives self-custodial wallets account-like receiving capabilities.
- Cross-border recipients should note that funds convert to stablecoins on arrival, so price and issuer risk fall on users, and this is not deposit protection.
Editorial note
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