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Bolivia's fourth largest bank, Bisa Bank, launches stablecoin trading and custody services
2024-10-28 05:48:26
Odaily News Bisa Bank, the fourth largest bank in Bolivia, announced the launch of a stablecoin service package, becoming the country's first banking institution to provide USDT trading services. The bank allows customers to buy, sell and custody within a daily trading limit of 200 to 10,000 USDT, with a handling fee of between $5 and $15, and international transfer fees of about $40. Yvette Espinoza, president of ASFI, Bolivian banking regulator, expressed support for this, believing that the service will provide users with a safe and reliable asset management solution. Franco Urquidi, vice president of business at Bisa Bank, emphasized that all transactions must be conducted through the bank's account and customers must complete a strict identity verification process.