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Crypto

88 percent of firms plan stablecoin adoption within a year; cross-border payment costs down 35 percent

A survey found corporate use of stablecoins is likely to expand sharply within 12 months, with 88 percent of respondent companies saying they are likely or very likely to use them. About 42 percent said they already use stablecoins for cross-border payments, while 2 percent rely only on traditional payment networks. Firms using stablecoins reported average cost savings of 35 percent, rising to 47 percent for companies with monthly payments above $100 million. Respondents cited regulatory clarity as the biggest barrier.

Crypto

Anchorage Digital joins Ethena Labs as collateral manager for institutional lending

Crypto custody firm Anchorage Digital is working with Ethena Labs to act as a collateral manager for institutional lending. Through its Atlas Collateral Management platform, Anchorage will custody and manage collateral for Ethena’s institutional lending activity, allowing institutions to borrow from Ethena without fully transferring collateral on-chain. Atlas monitors collateral and borrowing limits in real time and automates margin processes. Anchorage Digital Bank also participates as issuer of Ethena’s institutional stablecoin USDtb.

Crypto

Western Union\'s USDPT supported for trading on Bybit, expanding stablecoin strategy

Crypto exchange Bybit has begun supporting Western Union’s dollar-pegged stablecoin USDPT. The link marks USDPT’s first entry into a major crypto exchange and expands its use beyond payments to trading and transfers. The companies said USDPT can now be held, traded and sent on Bybit. USDPT was launched in May, issued by Western Union Digital with reserves held at Anchorage Digital Bank, and initially issued on Solana.