FV Bank expands stablecoin integration into TradFi
06 December 2024 Puerto Rico
Image: saichon/stock.adobe.com
FV Bank has further enhanced its service offering with the integration of the stablecoin USDT for direct deposits.
The company says this deposit feature, now live for all FV Bank account holders, allows them to directly receive USDT as US dollars into their FV Bank USD accounts with USDT converted to US dollars in real-time.
FV Bank’s new USDT service reinforces its dedication to simplifying and accelerating cross-border financial transactions, delivering an enhanced banking experience.
FV Bank highlights that the service’s ability to instantly convert USDT to US dollars provides a seamless and efficient solution for global customers, empowering them to manage both digital and fiat assets.
By eliminating the dependency on traditional bank wires and exchange fees, FV Bank’s USDT direct deposit feature offers a streamlined option for high-volume and smaller-scale international transfers alike, says the firm.
Miles Paschini, CEO of FV Bank, notes: “This innovation positions us at the forefront of regulated financial institutions offering comprehensive stablecoin on-ramp and off-ramp services.
“We have also seamlessly integrated our blockchain analytics tools to pre-screen and detect transactions which may be linked to sanctions or AML activity ensuring our compliance with regulations. As a result, our clients now have greater flexibility and convenience in accepting payments and managing their funds.”
The company says this deposit feature, now live for all FV Bank account holders, allows them to directly receive USDT as US dollars into their FV Bank USD accounts with USDT converted to US dollars in real-time.
FV Bank’s new USDT service reinforces its dedication to simplifying and accelerating cross-border financial transactions, delivering an enhanced banking experience.
FV Bank highlights that the service’s ability to instantly convert USDT to US dollars provides a seamless and efficient solution for global customers, empowering them to manage both digital and fiat assets.
By eliminating the dependency on traditional bank wires and exchange fees, FV Bank’s USDT direct deposit feature offers a streamlined option for high-volume and smaller-scale international transfers alike, says the firm.
Miles Paschini, CEO of FV Bank, notes: “This innovation positions us at the forefront of regulated financial institutions offering comprehensive stablecoin on-ramp and off-ramp services.
“We have also seamlessly integrated our blockchain analytics tools to pre-screen and detect transactions which may be linked to sanctions or AML activity ensuring our compliance with regulations. As a result, our clients now have greater flexibility and convenience in accepting payments and managing their funds.”
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