Bitcoin custodian Xapo Bank has integrated USD Coin (USDC) payment services as an alternative to SWIFT in an agreement with stablecoin issuer Circle.
Gibraltar Deposit Guarantee Program having a member Xapo Bank According to a press release published on March 22, the stablecoin issuer Circle By agreement with Finance USDC payment systems, self payment to their systems integrated announced that it did. bank, available USDC to payment services additional ramps adding customers from SWIFT more fast and more low cost somehow 24/7 asset transfer said he could do it.
It is also a Bitcoin (BTC) serving as the custodian of the world’s first USDC integration He claimed it was the bank that provided it. Between USDC and US Dollar 1:1 transformation it provides bank, deposited USDC deposits converting it into dollars, to its customers annually to 4.1% arriving interest yield He also stated that he did.
On the other hand, the bank member of is warranty program of customer assets 100 thousand up to a dollar insured and its assets USD as it holds of customers possible cryptocurrency markets protected from risks also stated.
CEO of Xapo Bank Seamus Rocca, With the innovation brought by the bank, a new era in the history of finance turning point claimed to have created For the bank’s crypto users trustworthy One port The CEO also stated that, unlike other banks, do not give credit and only with short-term bonds customer assets that they evaluated stating that the bank its reliable structure also noticed.