Citigroup is advancing its stablecoin payment capabilities through a partnership with Coinbase, enabling clients to move funds between fiat and digital currencies with greater speed and flexibility. This initiative responds to growing institutional demand for programmable payment methods and aligns with Citi's projection that the stablecoin market could surge from $315 billion to $4 trillion by 2030, following the implementation of the US GENIUS Act in 2027.
Meanwhile, Western Union is developing a settlement network on the Solana blockchain, featuring a US Dollar Payment Token (USDPT) and a Digital Asset Network in collaboration with Anchorage Digital Bank. The network, scheduled to launch in the first half of 2026, aims to leverage Solana's speed and scalability for optimized cross-border payments and will integrate with multiple exchanges to enhance liquidity.
In the Bitcoin mining sector, the 2024 halving has driven significant changes, with mid-tier miners like Cipher Mining, Bitdeer, and HIVE Digital increasing their hashrate and narrowing the gap with industry leaders such as MARA Holdings and CleanSpark. Some firms, including HIVE Digital, are also diversifying into artificial intelligence and high-performance computing.
Additionally, digital asset lender Ledn reported over $1 billion in Bitcoin-backed loan originations in 2025, with $392 million issued in the third quarter alone. Since inception, Ledn has originated more than $2.8 billion in loans, consolidating its position as one of the top three CeFi lenders alongside Tether and Galaxy Digital, accounting for roughly 89% of the market.
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