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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.

Crypto

Anchorage unveils institutional crypto payment platform to cut pre-funding at exchanges

Anchorage Digital has launched a payment platform that lets institutional investors trade on crypto platforms while keeping assets deposited at a regulated bank. The company said its Coordinated Multiparty Settlement, or CMS, keeps assets at Anchorage Digital Bank throughout the trading process and links exchanges, prime brokers and institutions on a shared settlement layer. It aims to reduce exchange pre-funding and related counterparty and operational risks. Deployment begins with Spotex.

Crypto

Falcon Finance and SoFi launch dollar stablecoins targeting institutions and retail users

Falcon Finance and SoFi have launched U.S. dollar stablecoin products linked to U.S. banking infrastructure. Falcon Finance introduced the institutional-focused fUSD through Anchorage Digital Bank’s federally regulated issuance platform, with reserves held in short-term U.S. Treasuries, cash and Treasury-backed repos. SoFi unveiled SoFiUSD for retail users inside its app, supporting transfers on Ethereum and Solana and planning additional features in coming weeks.