Utila has partnered with Bridge to offer an efficient and cost-effective way to deposit and withdraw funds from your Utila wallets.
To enable this feature, contact Utila support. Once enabled, you can initiate the required KYB process from the Utila console.
Fiat to Crypto
To on-ramp funds you need to create a Fiat to Crypto order. In this order, provide the following details:
Blockchain to, on-ramp to
Desired stablecoin
Desired Utila wallet
USD amount
Payment rail (ACH/ Wire)
Once these details are submitted, you receive bank wiring instructions to complete the transaction.
Crypto to Fiat
To off-ramp crypto, you first need to configure your bank account and connect it with the required crypto asset (e.g USDC/ Ethereum). Setting up the bank account is subject to admin quorum approval.
Once the account is setup, you should be able to initiate off ramp transfers using the regular transfer flow; simply select the “Bank Account” destination option.
You may customize your governance specifically for off-ramp actions by setting the “Bank Account" criteria in the transaction policy rules.
