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Three years ago, BBVA Swiss Bank became one of the first banks to offer cryptocurrency services to retail clients, launching a new generation of digital investment accounts with no net worth requirements. However, customers must keep a deposit equivalent to $10,000. Now, BBVA Swiss Bank is expanding its range of services to add Circle's USDC stablecoin.

In addition to the New Gen accounts, the banks also provide cryptocurrency services to institutional and private banking clients of Swiss banks. Previously, BBVA only supported Bitcoin and Ethereum. While users can hold USDC at the bank, this also means that institutional clients can use it to trade other cryptocurrencies.