News · Yahoo Finance

Bitget Wallet adds USD, EUR accounts that convert deposits into stablecoins

Bitget Wallet will offer users personal U.S. dollar and euro account numbers within its self-custodial wallet, with incoming deposits automatically converted into USDT or USDC stablecoins. Called Virtual Account and provided through payments firm Noah, it accepts transfers via ACH, Fedwire, SEPA and SWIFT, and for now can only receive funds, with outbound transfers planned in the coming months. According to the article, a $500 ACH transfer is expected to cost about $2 in fees, compared with a global average remittance cost of around 6%, per World Bank data. The wallet has more than 100 million users worldwide.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Yahoo Finance ↗

Keywords

stablecoinscryptoUS dollarremittances

Open a keyword to see other news on the same topic.

Related tickers and likely impact

BTC/USDT

• Neutral

Bitcoin

Relevance: low

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$1.6T
Close on 10/26/202680,150.56
Change that session0.00%
BTC/USDT price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • Stablecoin remittances cost 84% less than traditional transfers, report finds

    A third-quarter report from Borderless.xyz found that sending a $200 remittance via stablecoin rails costs a median 1% ($2), versus 6.36% ($12.72) for traditional transfers, roughly 84% cheaper. The gap is wider in emerging markets, with stablecoin costs at 2.9% in Sub-Saharan Africa versus 8.46% traditionally, and 1.25% in Latin America versus 5.64%. For a $10,000 business transfer to the eurozone, the lowest-cost stablecoin route costs as little as $26, compared with $135 to $150 for a traditional international wire. Stablecoin payouts can reach local bank accounts in minutes, with Brazil’s PIX settling in a median two minutes, while SWIFT transfers typically take a business day; completion rates vary, from 98.6% on Mexico’s SPEI to 73% on Costa Rica’s SINPE.

    Cointelegraph·stablecoinscryptoremittances
  • People in Vietnam received nearly US$7 billion in remittances in the first nine months

    Remittances sent to Ho Chi Minh City through credit institutions and economic organizations exceeded US$2.8 billion in Q3 2026, up more than US$800 million from the previous quarter and the first year-on-year increase this year. Cumulative remittances for the first nine months reached over US$6.87 billion, down 14% year on year, narrowing from a 22.8% drop in the first half. Asia accounted for 59% (nearly US$1.68 billion) and the Americas for 26% (US$749 million). The recovery was attributed to a stronger Korean won and seasonal demand, but full-year remittances are forecast at US$9.5-9.8 billion, below US$10.3 billion last year, amid slow global growth, a strong dollar, tighter immigration policies and the Middle East conflict.

    CafeF·remittancesVietnamUS dollar
  • Treasury's Bessent sees crypto as America's next tool for keeping the U.S. dollar on top

    U.S. Treasury Secretary Scott Bessent, speaking at Ripple's Swell conference, argued that digital assets could reinforce the dollar's global dominance as technological leadership becomes a bigger source of economic influence alongside military strength. He said Treasury could work with the SEC and CFTC to clarify crypto rules after Congress failed to pass the Clarity Act, and set guardrails against banks cutting off crypto businesses. Bessent noted that the GENIUS Act established federal stablecoin rules, that more than 90% of stablecoins are backed by U.S. dollars, and that issuers often hold U.S. government securities as reserves, which could become an important source of funding for the Treasury.

    CoinDesk·▲ DXY▲ BTC/USDTDXYUS dollarstablecoins
  • Tether backs Bolivian fintech bringing USDT payments to food delivery and banking

    Tether led a pre-seed funding round in Bolivian fintech Peso, which offers USDT payments through food delivery apps and local banking networks, with the investment size undisclosed. The funds will support Peso's expansion across Bolivia, Brazil, Colombia and Argentina, and the company has already integrated USDT into Yango's food delivery service in Bolivia while offering QR payments, merchant point-of-sale services and virtual accounts linked to the banking system via ACH. The move comes as Bolivia faces a prolonged US dollar shortage and high inflation, and the government began considering in July 2026 a framework that would recognize USDT for payments, savings and trade alongside the boliviano and US dollar. Lending platform Tala also partnered with El Dorado to offer USDT loans through its digital wallet.

    Cointelegraph·stablecoinscryptoTether
  • The Civilizational Rug Pull: Why the Pillars of Our World Are Being Taken Down on Purpose – NaturalNews.com

    The author, who says they have tracked patterns of control, deception and engineered collapse for nearly 25 years, argues that the world's foundations are being deliberately dismantled through a coordinated campaign aimed at reducing population and concentrating power. The piece cites the dollar being weakened, gold and silver rising, and digital currencies and stablecoins that could replace physical wealth and be frozen or seized. It also alleges that refineries are being sabotaged to create scarcity and that infertility chemicals are being introduced into the food supply. Bitcoin is said to have fallen roughly 50% from recent highs, and the author advises holding physical assets and home solar energy for resilience.

    naturalnews.com·US dollargoldbitcoin
  • Surprise rebound in remittances to Ho Chi Minh City

    Remittances sent to Ho Chi Minh City in the third quarter reached nearly $2.84 billion, up 39.5% from the previous quarter and 3.6% year on year, signaling a recovery after two weak quarters. However, the nine-month total of nearly $6.87 billion still fell 13.8%, though the decline narrowed from 22.8% in the first half. Asia remained the largest source at $1.677 billion, or 59.1%, with the rebound driven mainly by the strengthening South Korean won and seasonal demand. The report said rising inflation and living costs in major economies, along with high USD interest rates that lead some overseas Vietnamese to keep savings abroad, weighed on transfers. If fourth-quarter inflows reach $2.6–2.9 billion, full-year remittances could be $9.5–9.8 billion, down 5.1–8% from $10.3 billion in 2025.

    CafeF·remittancesVietnamcapital flows

Related markets

Crypto →

Latest news

  • Investing $1,000 in Each of These 3 Stocks 20 Years Ago Would Have Created a Portfolio Worth $674,000 Today

    The article calculates that a $1,000 investment in each of Nvidia, Netflix and Amazon 20 years ago would be worth about $674,000 combined as of October 26. Nvidia's stake would be worth about $383,000, with most gains coming in the past couple of years as generative AI took off; the chipmaker's operating profit totaled nearly $200 billion over the past four quarters, its market cap is around $5.3 trillion, and it trades at 28 times trailing earnings. Netflix's stake would be worth more than $161,000, but its stock has fallen this year on concerns about slowing growth and is trading near its 52-week low. Amazon's stake would be worth about $130,000, and its operating income last year reached $80 billion, more than six times the $12 billion of three years earlier; the stock trades at around 20 times trailing earnings. The author argues these growth stocks can still be good buys today.

    Yahoo Finance·NvidiaNetflixAmazon
  • Western Digital, Allegro MicroSystems, Amtech, and Teradyne shares skyrocket, what you need to know

    Several semiconductor stocks rose sharply in the afternoon session after Broadcom obtained $63 billion in bank financing to develop proprietary AI chips for Anthropic. Alongside Anthropic's IPO filing and Meta's equity offering, the news signaled that tech capital spending remains robust. Among the gainers, Western Digital (WDC) rose 8.1%, Allegro MicroSystems (ALGM) gained 6.4%, Amtech (ASYS) added 5.1% and Teradyne (TER) climbed 5.6%. The article notes WDC has had 79 moves greater than 5% over the past year, and about 22 hours earlier the stock had gained 5.2% after Bank of America projected memory chip supplies would stay tight through 2028. Citing CNBC, the article says semiconductor fabrication equipment spending is projected to exceed $200 billion in 2027, as demand outpaces clean-room capacity and the availability of critical parts.

    Yahoo Finance·semiconductorsartificial intelligenceWestern Digital
  • Why Cerebras Systems Stock Jumped on Tuesday

    Cerebras Systems (CBRS) shares rose sharply on Tuesday, climbing as much as 11.2% intraday and closing up 10.1%, after the company announced its fast inference service would be available to Oracle Cloud Infrastructure (OCI) customers. Cerebras says its Wafer-Scale Engine packs 900,000 compute cores and is 58 times larger than Nvidia's Blackwell B200 chip, and that integrating compute and memory on one wafer reduces latency, a key issue for AI agent workflows. In the second quarter, its cloud revenue surged 287% to a record $128 million and total revenue rose 103% to $210 million, though losses continue to mount as it expands data center capacity. The article notes the technology is still finding its customer base and that Cerebras competes directly with Nvidia. At 39 times sales, the article says its valuation reflects considerable growth expectations.

    Yahoo Finance·▲ NVDAsemiconductorsartificial intelligenceNvidia
  • Billionaire Stanley Druckenmiller Added to Revolution Medicines Before Its FDA Win. Is the Stock Still a Buy After a 134% Run?

    Duquesne Family Office, led by billionaire Stanley Druckenmiller, increased its Revolution Medicines stake by 26.5% in the second quarter, before the company's Rasonque won U.S. approval in August for certain pancreatic cancer patients. In a Phase 3 study, Rasonque achieved median overall survival of 13.2 months versus 6.7 months for chemotherapy, and some estimates project it could generate $15.1 billion in revenue by 2034 from pancreatic cancer alone. Some estimates put the number of U.S. patients diagnosed annually with metastatic pancreatic cancer at 55,000, with about 19,000 moving on to second-line treatment; assuming a roughly 30% net discount, the opportunity is nearly $3 billion a year. With a market cap of about $40 billion that has fallen since approval, the author says that at a 12% required rate of return and a forward price-to-sales ratio of 4 by 2031, revenue would need to reach $17.62 billion in 2032 to justify the current valuation. The author says they would seriously consider investing if the market cap falls by another $5 billion, citing clinical, regulatory and biotech volatility risks.

    Yahoo Finance·pharmaceuticalshealthcare
  • Why Tech Giants Keep Laying Off Staff

    On October 26, Microsoft said it is offering about 60,000 employees voluntary departure packages with severance, equal to more than 25% of its global workforce, as it seeks to cut costs and redirect funds to AI investment. Other companies have made big cuts this year, including Meta's 10% reduction (about 8,000 people) and Block's 40% cut (over 4,000 employees), and Layoffs.fyi counts more than 135,000 tech job cuts so far. The article says companies are prioritizing spending on AI chips and data centers and believe they can operate with fewer staff, although some reductions mainly correct earlier over-hiring. However, analysts warn that mass layoffs can hurt morale and push talented workers to leave, while humans are still needed to design business models, serve customers and ensure AI tools are used safely. The layoffs also reinforce fears that AI will destroy jobs, which could fuel opposition to data centers and the technology itself.

    VnExpress·employmentAI investmentdata centers
  • JPM's Agather & Herbst on Texas Wealth Wave

    Elaine Agather, Global Vice Chair of J.P. Morgan Private Bank and Dallas Region Chairman of JPMorgan Chase, and Ashley Herbst, Managing Director and Head of Dallas for J.P. Morgan Private Bank, speak with Bloomberg's Joe Lovinger about capital inflows, generational wealth transfer and Texas' changing investment landscape. The discussion takes place at Bloomberg Invest Dallas 2026.

    Yahoo Finance·JPMorgancapital flowsbanks

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.