ZA Bank introduces services for holders of stablecoins.
As part of their "Banking for Web3" campaign, ZA Bank has started offering banking services to stablecoin issuers.
The bank will aim to create additional services for the Web3 ecosystem while providing protection for fiat reserves. Over 100 Web3 companies were onboarded by ZA Bank in 2023, and the bank received over $1 billion in transfer turnover from Web3 clients.
Devon Sin, ZA Bank's interim chief executive, said: "Our passion to the Web3 ecosystem is demonstrated by our support of stablecoin issuers. Over the last year, ZA Bank has been the undisputed leader in Web3 banking. We are addressing the particular difficulties faced by stablecoin issuers head-on and fostering the expansion and stability of the Web3 economy with our new specialized client accounts.
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