Bitget Wallet, a leading non-custodial crypto wallet, has launched a Stablecoins Bank Transfer feature in Nigeria and Mexico, allowing users to instantly convert USDT and USDC into local currencies like the naira and peso. This marks the first large-scale integration of its kind in a global crypto wallet, eliminating the need for intermediaries or peer-to-peer platforms.
The service supports transactions across multiple blockchain networks, including BNB Chain, Ethereum, Solana, Tron, and Base, and connects to over 80 banks across both countries—45+ in Nigeria and 35+ in Mexico—enabling instant settlements within minutes. This initiative aims to bridge an estimated $160 billion in annual on-chain volume from these regions, streamlining payments for purchases, remittances, and bill settlements directly from the wallet.
According to Jamie Elkaleh, CMO of Bitget Wallet, "Nigeria and Mexico together process more than $160 billion in annual on-chain volume. Bringing instant stablecoin payments directly into their banking systems makes self-custody more practical, more usable, and increasingly aligned with how people pay today." The feature addresses challenges in these markets, such as reliance on risky P2P exchanges in Nigeria and limited infrastructure in Mexico, by offering automated, compliant one-tap conversions.
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