TP ICAP to Launch Stablecoin Pairs After $1B Monthly Crypto Volume Milestone
Fusion Digital Assets plans to introduce stablecoin pairs in 2025, building on a significant surge in trading volume and growing institutional interest driven by favorable US regulation.
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Fact Check
The statement is directly and explicitly confirmed by the evidence. Source 7 and 11 (Edgen.tech) report that 'TP ICAP's Fusion Digital Assets will introduce stablecoin trading pairs early next year, following a September where its monthly trading' volume surpassed $1 billion. This is corroborated by sources 2 and 10 (Bloomberg), which confirm the plan to add stablecoin pairs due to significant volume growth.
- Reference: 1
Summary
TP ICAP’s institutional crypto platform, Fusion Digital Assets, will introduce stablecoin trading pairs in 2025 after surpassing $1 billion in monthly transaction volume in September. This marks a fivefold year-on-year growth, driven by strong institutional participation. Co-head Simon Forster attributes the growth to favorable US regulation, while Duncan Trenholme sees potential for direct stablecoin exchanges across multiple fiat currencies, paving the way for an on-chain forex market.
Terms & Concepts
- Stablecoin: A cryptocurrency pegged to a stable asset, such as a fiat currency, to minimize price volatility.
- Crypto Spot Trading: The direct buying and selling of cryptocurrencies for immediate settlement, as opposed to futures or derivatives.