
BBVA Expands Cryptocurrency Services by Adding USDC Support for Clients in Switzerland
On September 25, 2024, Spanish bank BBVA announced the expansion of its cryptocurrency services by including support for the stablecoin USDC for institutional and private clients in Switzerland. This marks a significant step in the development of the bank’s digital financial services, which have included Bitcoin trading and custody since 2021.
The support for USDC, one of the most stable dollar-pegged stablecoins, will allow BBVA clients in Switzerland to conduct transactions with minimal volatility, which is particularly relevant for institutional investors and private clients seeking stability and transparency.
Switzerland remains a leader in cryptocurrency regulation and adoption, and BBVA is actively meeting the demand for innovative financial products in the region.