Gate US App Launches USD Balance and Wire Transfer Features

According to an official announcement, the Gate US App has now launched USD balance along with wire transfer deposit and withdrawal features. Users can hold USD in their accounts and trade directly using their USD balance without needing to convert funds into stablecoins between trades. Eligible users who have completed identity verification can initiate wire transfers through a U.S. bank account under their own name and withdraw their USD balance to a verified bank account with the same name. The announcement stated that wire transfers support higher transfer limits compared to bank cards or third-party payment methods. USD deposit and withdrawal services are only available in certain U.S. jurisdictions; residents of Colorado, Hawaii, Missouri, New Jersey, Utah, or Wyoming cannot use them. Gate US holds 37 state-level Money Transmitter Licenses (MTLs), with compliant operations covering 47 U.S. states and territories.