PANews reported on May 29 that Gate US announced the launch of its institutional fiat currency withdrawal service, opening up USD bank withdrawal channels for institutional clients. Through the ACH and wire transfer networks natively integrated with trading accounts, institutional users can now directly withdraw USD funds from their Gate US accounts to their bank accounts, enabling fiat currency transfers and settlements after digital asset transactions, further improving fund management efficiency and operational transparency.

In addition to withdrawal functionality, the institutional fiat service also supports institutional clients depositing USD fiat currency via ACH and wire transfer, establishing a more direct fund transfer path between trading accounts and bank accounts. This solution targets corporate clients, funds, and professional trading institutions, leveraging Gate US's banking infrastructure, registered with FinCEN and operating under state-level funds transfer licenses, to provide institutional participants with a more efficient and reliable fiat settlement experience. Currently, Gate US holds a total of 35 licenses and is authorized to operate in 46 US jurisdictions, continuously advancing the construction of localized compliance infrastructure and strengthening the connection between the traditional financial system and the digital asset market.