Gate US announced the launch of USD balance and wire transfer deposit and withdrawal features in its App, according to its official announcement. Users can now hold USD directly in their accounts and conduct trading with USD balances without converting to stablecoins between trades. The platform has upgraded its banking and payment infrastructure to support wire transfers via U.S. bank accounts for verified users, with higher transaction limits compared to card or third-party payment methods. Gate US currently holds 37 state-level money transmitter licenses (MTLs), enabling compliant operations across 47 U.S. states and territories. Note that USD deposit and withdrawal services are unavailable to residents of Colorado, Hawaii, Missouri, New Jersey, Utah, or Wyoming.

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