Anchorage

Coinbase

2026-09-29 03:56:12

Martin Carrica joins Coinbase as head of stablecoins

Martin Carrica said in a post on X that he is joining Coinbase as its head of stablecoins after spending four years working on regulated stablecoin initiatives at stablecoin issuer Mountain Protocol and licensed crypto institution Anchorage. In the new role, he will be responsible for expanding stablecoin distribution and broadening their reach. Carrica described stablecoins as one of the most transformative financial products, adding that while they have already seen meaningful success, the sector is still relatively small in scale. He said his focus at Coinbase will be on helping the technology grow to a much larger size. The update was cited by ChainCatcher and attributed to Carrica’s own statement on X.

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Aave

2026-09-16 01:43:29

Aave V4 proposal outlines segregated custody-backed market, with Bitcoin planned as first collateral

Aave Labs has opened an Aave Request for Comment, or ARFC, proposing a separate Hub-and-Spoke market on Aave V4 for institutions that want to borrow stablecoins against assets held with Anchorage. Under the design, the collateral would remain with the custodian rather than moving into Aave or Chainlink. Chainlink CustodySync would mirror custody balances on-chain and mint a non-transferable collateral receipt token known as CoCT, short for Custodied Collateral Token. Borrowing, repayment and liquidation would run through dedicated contracts built for this market structure. In liquidation, the custodian would sell the collateral off-chain first and then settle the debt on-chain. The proposal says the setup would not affect Aave’s existing markets or reserves. The first planned asset is a CoCT backed by custodied Bitcoin. Risk parameters, capacity limits and interest rates have not been set yet and still need review by risk service providers. The proposal would also need Snapshot approval and later on-chain governance approval before any deployment can take place.

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Aave

2026-09-16 01:09:53

Aave Labs proposes V4 isolated Hub for custodial collateral in stablecoin borrowing

Aave Labs published an ARFC proposal on Sept. 14 to deploy an isolated Hub and Spoke structure in Aave V4 that would let institutionally custodied assets be used as collateral for stablecoin borrowing. The first planned implementation would use BTC held in custody by Anchorage, with Anchorage retaining the underlying collateral throughout the full life cycle of the loan. According to the proposal, key risk and market parameters — including loan-to-value, liquidation penalties, supply and borrow caps, the interest rate model, and oracle settings — would not be set at this stage. Those items are expected to be submitted later by DAO risk service providers through a separate AIP. Before any deployment can move ahead, the proposal must pass through the standard governance sequence of ARFC feedback collection, a Snapshot vote, and then the AIP process.

540

Aave

2026-09-15 23:18:14

Aave Labs files ARFC to deploy a new Aave V4 Isolated Hub and Spoke

Aave Labs published an ARFC on the Aave governance forum on Sept. 14, asking for approval to deploy a new Aave V4 Isolated Hub and Spoke structure. The proposal is designed to let institutionally custodied collateral be used to back stablecoin borrowing on Aave. Under the setup, institutional borrowers would keep collateral with Anchorage for the full life of the loan, while on-chain balances would be represented by non-transferable custody collateral tokens, or CoCT, minted and burned by Chainlink-designed CustodySync. Borrowers would stake CoCT on the Spoke and draw stablecoins from the Isolated Hub. The proposal says synchronization between the custodian and Aave, including liquidation events across the loan lifecycle, would run through Chainlink infrastructure. Its scope is limited to a single Isolated Hub and a single Spoke governed by Aave DAO, with no changes to existing hubs, spokes, or reserves. The initial launch plan covers one CoCT tied to BTC held in custody by Anchorage, before the process moves from ARFC discussion to Snapshot and then a final AIP if supported.

840

Western Union

2026-08-05 11:33:01

Western Union bets on USDPT to rebuild the last mile of global remittances

Western Union is trying to do more than launch a branded stablecoin. The 175-year-old remittance company is building a cross-border payments stack around USDPT, a U.S. dollar stablecoin that went live on Solana on May 4, 2026. USDPT is issued and redeemed by Anchorage Digital Bank, N.A., with reserves backed by bank deposits, U.S. Treasuries, and cash equivalents, while Fireblocks provides wallet, settlement, and treasury infrastructure. The strategy has three layers. First, Western Union wants to use USDPT as a 24/7 settlement asset between itself and global agents, aiming to reduce idle prefunding balances across markets. Second, its Digital Asset Network is designed to connect compliant exchanges and custodians to Western Union’s liquidity and payment rails. Bybit is the first major crypto exchange to integrate USDPT, allowing eligible users in parts of Latin America to buy and sell the token through fiat channels. Third, consumer spending is handled through the Western Union Stablecard, built with Rain and supported by Visa. The card is live in 37 markets and is planned to expand to more than 60 by year-end. Western Union is not presenting USDPT as a government-backed digital dollar, and the company says the token is not issued, approved, or guaranteed by the U.S. government, nor covered by FDIC or other government deposit insurance. Its edge, for now, is less about competing head-on with USDT or USDC on on-chain liquidity, and more about tying a regulated stablecoin into a network that spans more than 200 countries and territories, supports nearly 130 currencies, and reaches hundreds of thousands of retail locations.

640

Paradigm

2026-07-24 01:57:49

Paradigm-linked wallets unstake $171 million in HYPE, with custody transfer seen as a possible next step

Two wallets believed to be tied to Paradigm unstaked 2.92 million HYPE earlier today, according to Odaily, a move valued at roughly $171 million based on the report. The transaction quickly drew attention because large unstaking events are often read as a sign of pending sell pressure, but former Ethereum core developer and angel investor Eric Conner offered a different explanation. Conner said the move may be more consistent with ETF seeding than with a sale. In his view, custodians need tokens that are liquid and immediately usable, while staked HYPE cannot serve that role. He also pointed to an earlier case in April, when $88 million worth of tokens was unstaked. On that same day, Grayscale updated its S-1 filing and switched its custodian to Anchorage. The report does not confirm any transfer destination. It only notes the unstaking activity and Conner’s interpretation that the tokens may be getting prepared for institutional custody rather than heading straight to market.

740

Anchorage

2026-07-10 07:39:13

Anchorage CEO: Crypto Service Demand Soars, Firm Carried by Market Pull

Anchorage CEO Nathan McCauley says the company is now being 'pulled along with demand' for crypto services instead of actively pushing adoption, signaling surging institutional and retail interest in digital asset services.

420

Anchorage

2026-07-09 01:10:13

Anchorage Wins Conditional OCC Approval to Launch First Federally Chartered Crypto Bank

Anchorage has received conditional approval from the OCC to form the first federally chartered digital asset bank in the U.S., a landmark move that could deepen the integration of crypto services into the traditional banking system.

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