Bitget Wallet Pioneers USDT Marketplace for Indian Rupee Conversions
In a landmark development for cryptocurrency accessibility in India, Bitget Wallet has launched an integrated USDT Marketplace, becoming the first major platform to offer direct rupee-to-Tether conversion services. This strategic move taps into India's rapidly expanding stablecoin adoption, addressing a critical need for seamless fiat-to-crypto gateways in one of the world's largest emerging digital asset markets. The platform leverages Financial Intelligence Unit-registered channels and DigiLocker identity verification systems to ensure compliance while delivering transaction speeds that traditional banking interfaces often lack. By connecting to over 100 local banks, Bitget Wallet potentially offers superior conversion rates and liquidity compared to existing alternatives, positioning itself at the forefront of India's crypto financial infrastructure. This integration represents more than just a technical feature—it's a calculated expansion into a demographic increasingly seeking dollar-pegged digital assets as inflation hedges and remittance tools. The timing aligns perfectly with India's growing regulatory clarity around digital assets and increasing institutional interest in blockchain solutions. For Indian users, this eliminates multiple steps previously required to acquire USDT, reducing friction and cost while enhancing security through regulated channels. From a market perspective, this development could accelerate stablecoin adoption across South Asia, potentially influencing how other wallets and exchanges approach emerging markets with similar regulatory frameworks. The infrastructure supporting this service—particularly the bank integrations and identity verification systems—sets a new standard for compliant crypto-fiat interfaces in regulated jurisdictions. As of December 2025, such integrations demonstrate how cryptocurrency platforms are evolving from speculative trading venues into comprehensive financial service providers, bridging traditional finance with decentralized ecosystems. Bitget Wallet's move may trigger competitive responses from other major players, potentially leading to improved services and better rates for users across the region. This development underscores the increasing importance of stablecoins in global finance and highlights how strategic market entries can shape adoption trajectories in key demographic regions.
Bitget Wallet Integrates USDT Marketplace for INR Conversions
Bitget Wallet has emerged as the first major platform to integrate a USDT Marketplace feature, enabling Indian users to convert rupees to Tether (USDT) seamlessly. The move capitalizes on India's growing stablecoin adoption, offering faster transactions through Financial Intelligence Unit-registered channels and DigiLocker identity verification.
The service connects to over 100 local banks, potentially providing better conversion rates by focusing exclusively on the INR-USDT corridor. Bitget Wallet plans to introduce INR off-ramps soon, further bridging fiat and crypto economies in one of the world's most dynamic digital asset markets.
Yooldo Games' ESPORTS Token Plummets Amid Profit-Taking and Token Unlocks
The ESPORTS token from Yooldo Games has tumbled over 10% in the past 24 hours, now hovering NEAR $0.40. This sharp decline follows a 92% monthly surge, leaving traders scrambling to identify catalysts behind the reversal.
Profit-taking has emerged as a primary driver. Early buyers are cashing out gains, exacerbating downward pressure. The sell-off intensified when a whale dumped 2 million tokens—worth roughly $800,000—triggering a 5-10% price impact in illiquid markets.
Further strain came from November 20's unlock of 41.91 million ESPORTS tokens ($15.4 million). The supply influx overwhelmed demand, accelerating the downtrend. Futures markets compounded losses: an 11.9% drop on Bitget liquidated $124,860 in Leveraged positions within hours.
