TechFlow News — Bitcoin custodian and licensed private bank Xapo Bank has partnered with Circle to become the world’s first licensed bank to integrate USDC payment rails as an alternative to SWIFT.
By adding outrails to its existing USDC onramp, Xapo Bank enables members to bypass costly and time-consuming SWIFT payments, instead depositing and withdrawing via stablecoins—with no fees charged by Xapo Bank. The bank offers a 1:1 exchange rate from USDC to USD. All USDC deposits at Xapo Bank are automatically converted into U.S. dollars, meaning members can enjoy a 4.1% annual yield on their deposits.Source
Add to Favorites
Share to Social Media
