Bitget Wallet has rolled out a new feature that allows users in Nigeria to convert dollar-pegged stablecoins directly into local currency and send the funds to their bank accounts. The update removes several layers of friction that have long slowed down how crypto users turn digital assets into spendable cash.
With the launch, users can now cash out popular stablecoins such as USDT and USDC straight to Nigerian bank accounts without leaving the wallet interface. Instead of routing transactions through peer-to-peer traders, external exchanges, or multiple apps, the conversion and transfer happen in one flow, making the process faster and easier to understand, especially for everyday users.
The move is significant in a market where stablecoins are widely used as a hedge against currency volatility, for remittances, and for online payments. In Nigeria, many crypto holders rely on informal channels to access naira liquidity, often facing delays, price slippage, or counterparty risk. By enabling direct off-ramps, Bitget Wallet aims to simplify that experience while offering a more predictable way to move funds between crypto and traditional banking.
According to the company, the feature is designed to support instant or near-instant settlement, depending on local banking conditions. Users select the stablecoin they want to convert, enter the withdrawal amount, and choose a linked bank account. The wallet handles the conversion and transfer in the background, removing the need for manual rate negotiations or third-party matching.
This update also reflects a broader trend in crypto infrastructure, where wallets are evolving beyond simple storage tools into full financial gateways. As stablecoins become more embedded in everyday financial activity, especially across Africa, seamless connections between on-chain assets and local banking systems are becoming increasingly important.
For Nigeria’s crypto ecosystem, the development highlights how global wallet providers are adapting their products to local realities. Restrictions around crypto banking have pushed users toward stablecoins, while high demand for fast liquidity has exposed weaknesses in existing off-ramp options. Direct stablecoin-to-bank transfers help close that gap by offering a clearer, more user-friendly path from blockchain to cash.
Bitget Wallet has indicated that Nigeria is part of a wider rollout targeting regions with strong stablecoin usage. Similar features are being introduced in other emerging markets, signalling growing competition among wallets to offer practical, real-world payment and withdrawal solutions rather than just trading tools.
As more users rely on stablecoins for savings, payments, and cross-border transfers, services that simplify the final step, converting digital value into local currency, are likely to play a central role in shaping how crypto is used on the continent.
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