Institutional Crypto Market Sees Expansion with New Stablecoin Solutions and 24/7 Futures Trading
Institutional Crypto Market Sees Expansion with New Stablecoin Solutions and 24/7 Futures Trading
The institutional cryptocurrency landscape is evolving rapidly, marked by several key developments. Anchorage Digital has introduced 'Stablecoin Solutions,' an offering designed to facilitate near-instant USD settlements for traditional banks, enhancing the interoperability between fiat and digital assets. In the stablecoin sector, PayPal's PYUSD has demonstrated significant growth, with its supply crossing the $4 billion mark, establishing it as the fourth-largest stablecoin on the Arbitrum L2 network, partly due to a partnership with USDai. Concurrently, CME Group is set to expand its market infrastructure by launching 24/7 cryptocurrency futures trading on its CME Globex platform, catering to the continuous nature of global crypto markets.
Anchorage Digital Launches Regulated 'Stablecoin Solutions'
Anchorage Digital has introduced a new offering called 'Stablecoin Solutions.' This initiative is specifically designed to enable banks to perform near-instant USD settlements, potentially streamlining and modernizing traditional financial transactions within a regulated framework.
PayPal’s PYUSD Supply Crosses $4 Billion
PayPal's native stablecoin, PYUSD, has reached a significant milestone, with its total supply now exceeding $4 billion. This growth has propelled PYUSD to become the fourth-largest stablecoin operating on the L2 Arbitrum network, a notable achievement following a strategic partnership with USDai.
CME Group to Launch 24/7 Crypto Futures Trading
Further signaling the maturation of institutional crypto markets, CME Group is preparing to commence 24/7 cryptocurrency futures trading. This continuous service will be available on its CME Globex platform, offering around-the-clock access for investors to manage exposure and engage with the broader cryptocurrency market.