BBVA Starts Offering USDC to its Swiss Clients

Spanish bank BBVA has today announced the expansion of its cryptocurrency custody and trading services in Switzerland to now include USD Coin (USDC) for both institutional and private banking clients.

This new feature allows clients to seamlessly trade, hold, or convert USDC into euros, dollars, or other currencies with almost immediate effect.

According to the bank, USDC is a popular choice amongst investment fund managers and large corporations seeking fast and efficient transactions across various cryptocurrency exchanges.

It also helps minimize the volatility risk associated with other cryptocurrencies by offering a stable value that can be converted back and forth, preserving its value during market fluctuations.

USDC’s key advantage is its direct connection to the US dollar, ensuring a stable value, unlike the unpredictable nature of other cryptocurrencies.