The integration launches across Brazil, Argentina, Mexico, and Colombia, enabling users to fund stablecoin accounts directly via domestic bank transfer
Bitget Wallet, a self-custodial crypto wallet for everyday finance, has partnered with alfred to integrate a bank transfer-based on-ramp for users across Latin America. Through the integration, Bitget Wallet users in the region can now convert local currency into dollar-pegged stablecoins, including USDC and USDT, using a standard bank transfer, without a card or third-party application. The feature launches in Brazil, Argentina, Mexico, and Colombia, with additional markets to follow.
Users initiate a transfer through a familiar domestic payment rail — Pix in Brazil, CVU in Argentina, SPEI in Mexico, or the equivalent local system in other supported markets — and receive stablecoins directly in their Bitget Wallet account. alfred is a Latin America-focused payments infrastructure company that connects stablecoin settlement to local banking networks across the region. Its existing partners include Fireblocks and Circle, and it operates across all markets around the clock.
“The on-ramp layer has been the most under-served part of the stablecoin experience in Latin America,” said Luis Miller, Head of Partnerships at alfred. “For many users in the region, a local bank transfer is the most accessible way to move money. This integration means that’s now enough to fund a stablecoin account directly.”
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The integration also strengthens Bitget Wallet’s Onchain Payments Matrix — its global payment infrastructure powering stablecoin payments across both onchain and traditional financial systems. For Latin America, this means a user can now fund a stablecoin account via a domestic bank transfer, hold or earn yield on the balance, spend via the Bitget Wallet Card globally, pay at local merchants, or send funds cross-border through the app’s remittance infrastructure.
“The stablecoin market in Latin America is real and growing fast, but it has largely been built for people who are already in crypto,” said Alvin Kan, COO of Bitget Wallet. “This integration is about the next wave — users who understand the value of holding dollars digitally but haven’t had a simple way in. A bank transfer they already use is the right starting point.”
Stablecoin demand across Latin America is driven by inflation, currency volatility, and capital controls that have pushed households and businesses toward dollar-denominated digital assets for savings, remittances, and commerce. Yet, converting local currency into stablecoins has historically required opening a separate exchange account, navigating P2P trading, or having a card — the steps that add friction for users new to the market. The bank transfer channel opens a more direct path for users who have local banking access.
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