Bitget Wallet Enables Direct Stablecoin-to-Bank Transfers in Nigeria and Mexico

Leading crypto wallet, Bitget Wallet, introduces feature that converts USDT and USDC directly into naira and peso, eliminating need for P2P platforms.

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November 25, 2025

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Table of Contents

How Does the New Feature Work?What are the Practical Applications?Future Expansion Plans Sources

Bitget Wallet has rolled out a new Bank Transfer feature in Nigeria and Mexico, allowing users to convert stablecoins like USDT and USDC directly into local currency and send funds straight to bank accounts. The launch represents a significant step in making cryptocurrency practical for everyday transactions in two of the world's most active crypto markets.

How Does the New Feature Work?

The new service functions similarly to mobile banking apps. Users select their cryptocurrency, input the transfer amount and recipient bank account details, then confirm the transaction. Bitget Wallet's licensed payment partners handle the currency conversion and settlement through regulated channels behind the scenes.

The feature currently supports over 45 banks in Nigeria and more than 35 banks in Mexico, with settlements typically completing within minutes. Users can transfer USDT and USDC across five major blockchain networks: BNB Chain, Ethereum, Solana, Tron, and Base.

Addressing Real-World Payment Challenges

For Nigerian users, the feature eliminates reliance on peer-to-peer platforms that often face liquidity issues and unpredictable exchange rates. In Mexico, where crypto infrastructure and regulatory clarity have been limited, the service provides a straightforward path from digital assets to local currency.

This direct crypto-to-bank capability is particularly relevant in markets where stablecoins increasingly serve as tools for preserving value during inflation and currency volatility. Nigeria processes Africa's largest volume of cryptocurrency transactions, with over $90 billion in annual onchain activity according to Chainalysis. Mexico recorded more than $70 billion in onchain volume during the same period.

"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 onchain 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."

What are the Practical Applications?

The Bank Transfer feature opens up several use cases for crypto holders in both countries:

Paying merchants and service providers
Sending money to friends and family
Settling bills and recurring payments
Converting savings held in stablecoins to local currency for immediate use

Users maintain full control of their funds throughout the process, as transactions originate from their self-custody wallets rather than requiring deposits to centralized exchanges.

Future Expansion Plans

Bitget Wallet plans to expand the Bank Transfer feature to additional emerging markets in the coming months. The service joins the company's existing payment tools, which include a crypto card, QR code payment system, and an in-app lifestyle shop.

To promote adoption, Bitget Wallet is currently waiving all fees for Bank Transfer transactions. The company serves over 80 million users globally and maintains a $700 million protection fund for user security.

The launch marks what Bitget Wallet claims is the first time a global crypto wallet has enabled direct stablecoin-to-bank transfers at scale in these regions, potentially setting a template for how digital assets integrate with traditional banking infrastructure in developing markets.