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Crypto DeFi

Bitget Wallet Launches USD, EUR Virtual Accounts With Noah

Bitget Wallet launched Virtual Account, giving users personal USD and EUR account numbers from licensed partner Noah inside the self-custodial wallet. Incoming deposits via ACH, Fedwire, SEPA and SWIFT convert automatically to USDT or USDC. The feature is being rolled out to the wallet’s 100 million users.

Original source

AI take

This is a notable step in blending traditional fiat rails with self-custodial wallets, giving users direct access to USD and EUR account numbers without a centralized exchange. It matters most for users in regions where banking access is limited or where converting fiat to stablecoins is cumbersome, though the reliance on a licensed partner like Noah introduces a counterparty layer that sits uneasily with the self-custody pitch. The open question is whether the automatic conversion to USDT or USDC will be perceived as seamless enough to drive adoption across the wallet's large user base, and how regulators view fiat accounts embedded in non-custodial interfaces.

Generated by AI for reference only.

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