.xapoprivatebank said it will enable $USDT deposits and withdrawals to customers by the end of the month. LedesmaLyllah reports
Xapo Bank, a crypto-friendly institution based in Gibraltar, will allow customers to deposit and withdraw tether , the largest stablecoin by market cap, by the end of the month.
The transactions will not incur fees, the 10-year-old bank said in a statement shared with CoinDesk. The tether service will join a similar one for USD Coin , which the retail-focused bank. Since that started, it has received $48 million in USDC deposits and enabled $4.5 million in withdrawals, bank said.
“Xapo Bank has seen a strong appetite for the efficiency of stablecoin deposits and withdrawals from its members, many of whom are based in emerging markets,” it said.
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