PANews reported on October 10th that Bloomberg News reported that Fusion Digital Assets, the institutional crypto spot trading platform under the giant brokerage TP ICAP Group, plans to add stablecoin trading pairs in the first half of next year. The platform's monthly trading volume exceeded $1 billion for the first time in September, a fivefold increase compared to the same period last year, and has averaged approximately 85% monthly growth in nominal trading volume over the past 12 months.

Simon Forster, co-head of global digital assets at TP ICAP, stated that friendly US regulations are driving institutional participation. Duncan Trenholme suggested that institutions in multiple countries may directly exchange stablecoins denominated in different fiat currencies, creating an on-chain spot foreign exchange market. Currently, Fusion only offers spot trading for BTC and ETH, far less than the scale of retail-focused platforms like Binance.