The past week brought significant updates in the crypto space, highlighting major important advancements in stablecoin accessibility, institutional adoption, DeFi growth, and regulatory progress. Firstly, Telegram Wallet introduced zero-fee $USDT purchases applicable in 60+ countries, making stablecoins more accessible for everyone. Secondly, Binance launched USD SWIFT transfers for corporate users, streamlining fiat on/off-ramps. Thirdly, OKX Wallet partnered with Sui Network to enhance on-chain adoption. Moreover, Bybit secured regulatory clearance in France, positioning itself for a MiCA license. Let’s dive into the biggest stories of the week.
Telegram Wallet Introduces Zero-Fee $USDT Purchases in 60 Countries
Starting from the most welcomed news of this week, Telegram’s built-in cryptocurrency wallet announced to offer zero-fee $USDT purchases in over 60 jurisdictions. This includes Southeast Asia, Latin America, and Europe. This initiative, enabled through a partnership with Mercuryo and The Open Platform, allows users to buy $USDT without bank card fees, improving stablecoin accessibility.
As part of a limited-time Valentine’s Day promotion, early users can receive a “round-up” bonus. Purchases of 14.02 $USDT will be rounded up to 15 $USDT, and 140.2 $USDT will increase to 150 $USDT, benefiting the first 1,402 buyers. A larger bonus applies to the first 14 users. Bonuses will be distributed on February 16.
Binance Introduces USD SWIFT Transfers for Corporate Users
The 2nd news among the most celebrated news of this week is about the top crypto exchange Binance. Binance now enables corporate users to perform USD transactions via SWIFT, streamlining fiat on/off-ramps for institutions in APAC and South Asia. Announced by Binance VIP & Institutional, this feature reduces barriers between traditional finance and crypto exchanges, enhancing accessibility for professional traders.
The new service simplifies fund transfers while improving security and transparency. As institutional interest in crypto grows, Binance’s integration of SWIFT aims to offer a reliable solution for businesses managing digital assets.
OKX Wallet Partners with Sui Network to Boost On-Chain Adoption
In addition to the above two announcements, two giants from the crypto and blockchain world have partnered for the betterment of users. OKX Wallet has joined forced with the Sui Network, an L1 blockchain, to enhance on-chain adoption and improve user experience in decentralized finance (DeFi). This collaboration focuses on security, seamless asset management, and easier access to dApps.
By integrating advanced security measures, OKX Wallet aims to protect users from cyber threats while enabling smoother swaps and transactions. The partnership will also introduce new campaigns for $SUI holders, increasing engagement and rewards. This initiative supports broader blockchain adoption and strengthens DeFi accessibility.
Bybit Cleared by French Regulator, Moves Toward MiCA Compliance
Renowned crypto exchange Bybit also made headings this week. It has been removed from the French Autorité des marchés financiers (AMF) blacklist. This news marks a significant step toward regulatory compliance. CEO Ben Zhou announced the development, which positions the exchange for a potential MiCA license.
Bybit’s removal follows a two-year effort to enhance KYC procedures, AML safeguards, and risk management. The AMF, known for its strict oversight, initially blacklisted the exchange over compliance concerns. Now, with its standing restored, Bybit is eyeing a MiCA license, reinforcing its commitment to regulatory standards and setting a precedent for other crypto firms in Europe.
This week underscored crypto’s ongoing evolution, from improved stablecoin accessibility and institutional on-ramps to enhanced security in DeFi and regulatory progress. Telegram, Binance, OKX, and Bybit each made strategic moves that contribute to broader adoption and compliance. As the industry matures, these developments signal a shift toward greater legitimacy, user-friendliness, and integration with traditional finance. Stay tuned for more updates as crypto continues to shape the future of digital assets.
