Spanish banking giant BBVA has expanded its digital asset services to Switzerland, enabling institutional and private banking clients to manage their USD Coin (USDC) holdings alongside traditional investments.

Clients can now exchange, custody, or automatically convert USDC in near real-time into euros, dollars, or other major currencies on the same platform they use for conventional assets, according to the company's announcement.

The integration also allows users to secure their USDC in BBVA's digital vault, providing a safe method for handling stablecoins. USDC is the third cryptocurrency added to BBVA's digital asset services in Switzerland, following the introduction of Bitcoin and Ether in 2021.

Incorporating USDC offers an added advantage by acting as a hedge against the volatility of other cryptocurrencies, as clients can convert their assets into USDC to preserve value and offer stability during market fluctuations.

BBVA Switzerland has also partnered with Ripple-owned Metaco to bolster its digital asset operations, reflecting the bank's commitment to expanding its cryptocurrency and blockchain-based services.

Source: https://99bitcoins.com/news/bbva-enables-swiss-clients-to-manage-usdc-alongside-traditional-investments/

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