Bitget Wallet adds USD and EUR account numbers that convert deposits to stablecoins

What happened

Bitget Wallet has begun issuing personal USD and EUR account numbers to its users, allowing money sent through traditional banking channels to be converted into stablecoins on arrival. The self-custodial wallet said the product, called Virtual Account, accepts deposits through ACH, Fedwire, SEPA and SWIFT from Tuesday. The account numbers are provided by Noah, a stablecoin payments company that supplies similar infrastructure to other wallet providers.

Incoming funds are swapped into USDT or USDC inside the wallet, so users end up holding a token balance rather than dollars or euros sitting at a bank. Opening an account is free, and applicants do not need to live in the United States or Europe, although they must be in a supported country and complete identity verification. Bitget Wallet's FAQ notes that some regions receive only one of the two currencies.

Only incoming transfers are supported at launch. Bitget Wallet said outbound payments are planned for the coming months. Its FAQ also states plainly that the product is not a bank account: it can receive transfers but offers no cash deposits, cash withdrawals or other standard banking services.

Deposit limits apply. USD transfers are capped at $10,000 per transaction and $20,000 per month, while euro deposits top out at €15,000 per transaction and €30,000 per month. Non-personal USD transfers above $5,000 go through additional review. Bitget Wallet said a $500 ACH deposit costs about $2 in its own fees, with sending banks and blockchain networks potentially charging separately. As a launch promotion, it will refund transaction fees for the first 1,000 eligible users whose opening deposit qualifies.

Why it matters

The wallet is pitching the accounts at people who struggle to obtain a dollar or euro account. Freelancers paid by US or European employers, households receiving remittances in emerging markets, and savers who want stablecoin exposure without going through an exchange are the stated targets. Deposited funds can be directed toward Bitget Wallet's card, QR payments, transfers, yield products and investments, tying the new rails into the rest of its payments lineup.

Alvin Kan, the wallet's chief operating officer, framed the launch as a way to widen access, arguing that for users in markets where dollar accounts or cross-border banking are hard to reach, putting payment rails directly inside a self-custodial wallet creates a more accessible route into the global financial system. Noah founder and CEO Shah Ramezani described the setup as working much like a global neobank, with the difference that users keep control of their keys. The company also compared its pricing with the cost of traditional remittances, an area where it says existing options remain expensive.

What the data shows

Bitget Wallet says it has more than 100 million users and a $300 million user protection fund, which its fund page describes as covering losses caused by issues originating from the platform itself. The roughly $2 charge on a $500 ACH deposit covers only Bitget Wallet's own fees, which combine a fixed amount with a percentage that varies by transfer method. The company cited World Bank data when contrasting that figure with the global average cost of sending remittances; the World Bank's remittance price tracker puts the latest global average at 6.36% of the amount sent. CryptoPotato noted that the wallet's comparison does not include a network fee for the stablecoin conversion.

Background

Noah holds money transmitter licences in about 30 US states, along with registrations in Canada and Lithuania, and has supplied comparable accounts to other apps. It brought EUR and USD virtual accounts to Ledger Wallet in October 2025 and struck a deal to do the same for Fin.com users that December. Ethena's Pay app also offers fiat account numbers tied to self-custodial stablecoin wallets. Bitget Wallet is a separate operation from the Bitget exchange, which lost about $388 million in September, according to Unchained's report.

What to watch

The first thing to track is when outbound transfers actually go live, since the accounts can currently only receive money. Fee disclosure is another area to watch: the headline $2 figure covers only the wallet's own charges, and the conversion into stablecoins carries a network cost that the company's comparison with remittance averages leaves out. Regional availability and the per-transaction and monthly caps will determine how useful the accounts are for larger payments, and the identity-verification and review thresholds may shape which users qualify at all.

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