Bitget Wallet enables stablecoin-to-bank transfers in Nigeria

By Vriti Gothi

Bitget Wallet has launched a new Bank Transfer feature in Nigeria and Mexico, enabling users to convert USDT and USDC directly into local currencies and send funds to domestic bank accounts. The rollout represents one of the first large-scale attempts by a global crypto wallet to integrate stablecoin payments with traditional banking infrastructure in both markets.

The feature allows users to make payments or transfers by selecting a stablecoin, specifying an amount, and entering a bank account number, with fiat conversion handled behind the scenes by Bitget Wallet’s network of licensed partners. These partners manage settlement through regulated payment channels, providing instant processing to more than 45 banks in Nigeria and over 35 in Mexico. The service supports USDT and USDC across multiple chains, including Ethereum, BNB Chain, Solana, Tron, and Base.

The development comes as stablecoins continue to gain traction in emerging markets, where they are increasingly used for savings, payments, and remittances amid inflation and currency instability. According to Chainalysis, Nigeria recorded over $90 billion in annual on-chain transaction value, while Mexico logged more than $70 billion, together representing roughly $160 billion in crypto activity.

By enabling direct stablecoin-to-fiat transfers, Bitget Wallet aims to reduce friction in converting crypto into usable local money. In Nigeria, many users rely on peer-to-peer platforms that can be affected by liquidity shortages and volatile exchange rates. In Mexico, access to crypto-to-fiat services remains limited by infrastructure gaps and regulatory constraints. The new feature seeks to address these barriers by offering instant, compliant settlement within minutes.

“Stablecoins are quickly becoming a new layer of everyday payments in emerging markets, and connecting them to local banking rails is the next step in that evolution,” said 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.”

Bitget Wallet plans to extend the Bank Transfer service to additional emerging markets in the coming months, building on its suite of payment tools that includes a crypto card, QR-based payments, and an in-app lifestyle marketplace.