September 27, 2022

Swiss bank integrates USDT deposits and withdrawals

Dukascopy

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The large Swiss bank Dukascopy Bank SA has provided its customers with the opportunity to make deposits and withdrawals in the Tether (USDT) cryptocurrency of the ERC-20 standard. This service has become available for holders of multi-currency accounts (MCA). Management has previously integrated a similar capability for Bitcoin (BTC) and Ethereum (ETH), but USDT was the first stablecoin offered by the bank.

According to Dukascopy, customers will now be able to deposit Tether accounts directly from their cryptocurrency wallets, as well as withdraw funds. In order for the feature to become available, the user must verify ownership of the MCA account by linking a personal blockchain wallet to it. After that, it will be possible to carry out transactions.

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