BBVA's institutional and private banking clients in Switzerland now have the ability to manage the stablecoin USD Coin ($USDC ) alongside traditional investments on the same platform, according to a press release dated September 9. This new feature enables clients to exchange, store, and convert USDC into euros, U.S. dollars, or other currencies, which helps speed up transaction processes.
The inclusion of USDC is designed to enhance efficiency for institutional clients, such as investment fund managers, who utilize stablecoins for trading cryptocurrencies across different exchanges, as stated in the press release.
