The brokerage giant TP ICAP's encryption Spot platform Fusion will launch stablecoin trading pairs.

According to Mars Finance, Bloomberg reported that the brokerage giant TP ICAP Group's agency, the cryptocurrency Spot platform Fusion Digital Assets, plans to add stablecoin trading pairs in the first half of next year. The platform's trading volume in September exceeded 1 billion USD for the first time, a 5-fold increase in the number of transactions compared to the same period last year, with a nominal trading volume average growth of about 85% over the past 12 months. Simon Forster, co-head of global digital assets at TP ICAP, stated that friendly U.S. regulations are driving institutional participation; Duncan Trenholme indicated that institutions in multiple countries may directly exchange different fiat-denominated stablecoins, forming an on-chain spot forex market. Currently, Fusion only offers BTC and ETH Spot, which is far lower than the scale of retail-driven platforms like Binance.