Bitget Wallet’s direct withdrawal launch for USDT and USDC reflects the growing demand for ways to exit crypto positions without relying on centralized exchanges.
Bitget Wallet, a self-custodial wallet operated by major cryptocurrency exchange Bitget, introduced its first fiat withdrawal option with crypto payment platform MoonPay.
Bitget Wallet has partnered with MoonPay to launch a crypto off-ramp allowing users to convert stablecoins directly into 25 fiat currencies, the companies announced on Tuesday.
“Before the launch of this fiat withdrawal feature, Bitget Wallet users typically transferred assets to centralized exchanges such as Bitget Exchange or third-party platforms for fiat conversion,” Bitget Wallet chief market officer Jamie Elkaleh told Cointelegraph.
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