Exchanges· ★★★· bullish·

Gate US rolls out dollar balances and bank wire transfers for US clients

  • —Users can hold dollars and trade without converting to stablecoins
  • —Deposits and withdrawals require a US bank account in the same name
  • —Gate US holds 37 money transmitter licenses across 47 states
  • —USD service is unavailable in six states, including New Jersey and Hawaii
Why it matters: Direct dollar settlement reduces US clients' reliance on stablecoins and sharpens Gate's competition with Coinbase and Kraken.
Source: TokenPost