Payments processor Thredd has launched an expanded partnership with cryptocurrency exchange Bybit.
Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.
yesSubscribe to our daily newsletter, PYMNTS Today.
By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.
The collaboration involves the rollout of the Bybit Card, the exchange’s multi-currency, crypto-linked payment card, the companies said in a Thursday (Oct. 30) news release.
“Thredd’s processing platform is built to scale and navigate regulatory requirements across regions,” the companies said in the release.
“With a single connection, Bybit can configure market-specific programs that meet local compliance needs while retaining centralized visibility. This flexibility has enabled Bybit to rapidly expand across multiple markets with more on the horizon.”
The release said the Bybit Card has more than 2 million users. With Thredd’s infrastructure, Bybit can issue both virtual and physical Visa and Mastercard payment cards, letting users spend crypto holdings as fiat in real time, per the release.
The partnership also includes full wallet tokenization, allowing integration with Apple Pay, Google Pay and Samsung Pay and other digital wallets.
Advertisement: Scroll to Continue
“Bybit is building the next era of digital finance, and Thredd is proud to help turn their crypto vision into real-world utility,” Thredd CEO Jim McCarthy said in the release. “Our platform empowers them to scale globally with secure card issuing, wallet tokenization, and rapid onboarding in new markets.”
The partnership comes amid a change to the crypto payments landscape, with new research showing a boom in stablecoin payment volume following new U.S. cryptocurrency legislation.
Upwards of $10 billion flowed through stablecoins in August for goods, services and transfers, according to a recent report from blockchain data provider Artemis Analytics.
That’s compared to the $6 billion recorded in February and more than twice the volume from August of last year. Stablecoin payments could hit $122 billion over a full year, the report said.
“It’s well understood that stablecoins have graduated from merely being a tool used by crypto traders and exchanges to conveniently move money around without relying on banks, to a more widely used tool for consumer and enterprise payments,” the report said.
“Major payments companies such as Visa, Mastercard, and Stripe have begun to incorporate stablecoins into their payment flows.”
The report also offers a caveat, pointing out that stablecoin payments data has tended to be sparse, with estimates compiled from a top-down basis. Artemis says it collected its new data using information from 33 stablecoin-based payment companies which process transactions on behalf of end users.
Thredd Helps Bybit Launch Crypto-Linked Debit Cards
Monzo CEO Passes Torch to Google Vet Diana Layfield
Ant Invests in R2 to Boost LatAm Embedded Lending
Inside the ‘Perfect Storm’ Disrupting Fraud and Risk Management
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Home – Ripple News – Ripple Exec Showcases Encouraging RLUSD Market Progress Amid Attestation Report
TL;DR
RLUSD, Ripple’s stablecoin, is experiencing accelerated growth, approaching a market capitalization of $900 million. This achievement was shared by Jack McDonald, Senior Vice President of Stablecoins at Ripple, who highlighted in a recent tweet the key milestones demonstrating the solid RLUSD market progress.
This advancement not only reflects market confidence but also occurs in a context of strategic expansion and increased adoption in key sectors of the financial and academic ecosystem.
The stablecoin’s momentum was already reflected in sector reports. According to Messari’s recent “State of XRP Ledger Q3, 2025” report, RLUSD market progress was notable during the third quarter.
By the end of that period, the stablecoin reached a combined market capitalization of $789.3 million, distributed between the XRP Ledger (XRPL) and Ethereum. Specifically on the XRPL, RLUSD closed Q3 with $88.8 million, representing an impressive 34.7% quarterly increase, consolidating its position as the largest stablecoin on that network.
Jack McDonald also revealed that RLUSD market progress goes beyond figures, focusing on functional utility. A prominent example is its use to fund grants for the University Blockchain Research Initiative (UBRI). Ripple recently announced the funding of over $1.5 million in renewed UBRI grants, which will be entirely disbursed in RLUSD stablecoin.
Furthermore, several strategic integrations are strengthening its ecosystem. In October, Brale announced its integration with the XRP Ledger for stablecoin issuance, allowing businesses to issue USD-backed stablecoins and settle operations in RLUSD.
In parallel, Ripple completed the acquisition of the brokerage firm Hidden Road, now rebranded as Ripple Prime. It is reported that customers of this new division are already using RLUSD as collateral or holding their balances in the stablecoin. This move is anticipated to significantly enhance the utility and reach of RLUSD in the institutional financial services sector.
RELATED POSTS
Bitcoin ETFs Struggled After Federal Reserve Rate Cut
The recent Federal Reserve rate cut caused strong turbulence. The decision triggered massive net outflows of $470 million from U.S. spot Bitcoin ETFs in a
Bitwise’s Matt Hougan Predicts $1B XRP ETF Despite Industry Skepticism
TL;DR Bitwise predicts an XRP ETF will reach one billion dollars in its first few months. Success would be based on demand from the “XRP
HYPE Rebounds Stronger Than Ever With 110% Surge After Market Crash
Strong signs of recovery are being shown by the Hyperliquid (HYPE) token following a brutal correction that wiped out more than half of its value.
Solana-Based Helium Mobile Records Over 500K Users
TL;DR Solana-based Helium Mobile doubled its user base since May, surpassing 505,000 sign-ups. The network now dedicates 100% of subscriber revenue to HNT burns, aiming
Bitcoin Market Shows Divergence as Traders Position Differently Before FOMC
Just ahead of the crucial FOMC meeting, the Bitcoin market shows a marked discrepancy in positions. While the cryptocurrency consolidates below $115,000, liquidity heatmaps from
Crypto Market and BTC Struggle To Hold Ground
TL;DR Bitcoin was rejected at the $116,000 mark and quickly pulled back below $114,000. The price is now targeting the upper zone of a CME
Ads
Follow us on Social Networks
Crypto Tutorials
Crypto Reviews
Crypto Economy Newsletter
I accept the conditions and receive your newsletters.
© Crypto Economy
Privacy Policy
Ethical Journalism Politic
Cookie Policy | Contest Rules | Partners | About us
<span class="post-category"><a href="https://fxnewsgroup.com/category/forex-news/cryptocurrency/coinbase/" rel="tag" class="term-coinbase">Coinbase News</a>/ <a href="https://fxnewsgroup.com/category/forex-news/cryptocurrency/" rel="tag" class="term-cryptocurrency">Cryptocurrency News</a></span> <br> <span class="author-avatar"><img alt='' data-src='https://secure.gravatar.com/avatar/fad9763eadd579d9da24511d8252d30e40c18ffe8ba588466cc48499575cf806?s=30&d=mm&r=g' data-srcset='https://secure.gravatar.com/avatar/fad9763eadd579d9da24511d8252d30e40c18ffe8ba588466cc48499575cf806?s=60&d=mm&r=g 2x' itemprop='image' class='avatar avatar-30 photo lazyload' height='30' width='30' decoding='async' src='data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==' style='--smush-placeholder-width: 30px; --smush-placeholder-aspect-ratio: 30/30;' /></span> <span class="author-name"><span class="author vcard"><a class="url fn n" href="https://fxnewsgroup.com/author/maria/" rel="author">Maria Nikolova</a></span></span> <span class="post-comment"> <a href="https://fxnewsgroup.com/forex-news/cryptocurrency/webull-expands-crypto-futures-offering-through-partnership-with-coinbase-derivatives/#respond">0 Comments</a> </span> <time datetime="2025-10-30" class="post-date entry-date updated">October 30, 2025</time> <br>Webull (NASDAQ:BULL), an online investment platform, today announced the expansion of its crypto futures offering through an ongoing partnership with Coinbase Derivatives, LLC.<br>Webull users in the U.S. will be able to trade futures contracts for Dogecoin (DOGE), Nano XRP, Nano Solana, Litecoin (LTC), XRP (XRP) and Solana (SOL).<br>Webull <a href="https://fxnewsgroup.com/forex-news/retail-forex/webull-adds-futures-and-commodities-trading-to-offering/">launched futures and commodities trading</a> in March 2024, which expanded access to futures markets and granted users the ability to further diversify their portfolios and manage risks more effectively. Through its <a href="https://fxnewsgroup.com/forex-news/cryptocurrency/webull-to-enrich-its-crypto-futures-offering-with-coinbase-derivatives/">partnership with Coinbase Derivatives</a>, Webull combined its advanced trading tools with Coinbase’s crypto futures offerings, bringing a broader product lineup to its users.<br>“Webull users are always looking for smart ways to diversify and manage risk, especially in markets that move as quickly as crypto,” said Anthony Denier, Group President and U.S. CEO of Webull. “By continuing to build on our partnership with Coinbase Derivatives, we are able to deliver more opportunities for our customers to invest with confidence while providing them with the tools to navigate the evolving digital asset landscape.”<br>“It’s been amazing to see Webull’s futures business grow with Coinbase Derivatives,” said Boris Ilyevsky, Head of Coinbase Derivatives Exchange. “As we continue to expand our product suite and report record volumes and open interest in futures on major crypto assets as well as Alts, I am thrilled to see our partners at Webull Financial expand access to the crypto economy by offering more Coinbase Derivatives listed futures to their clients.”<br>Since smaller-size contracts require much less margin upfront to open a new position, this offering enables Webull users to choose contracts and upfront commitments that align with their investing goals. Coinbase Derivatives follows a 23-hours-a-day, 6-days-a-week, trading structure. Real-time market data provided by Coinbase Derivatives is free of charge and available to Webull users on the platform.<br>To trade crypto futures, Webull users must open and fund a Futures account.<br> <img alt='' data-src='https://secure.gravatar.com/avatar/fad9763eadd579d9da24511d8252d30e40c18ffe8ba588466cc48499575cf806?s=96&d=mm&r=g' data-srcset='https://secure.gravatar.com/avatar/fad9763eadd579d9da24511d8252d30e40c18ffe8ba588466cc48499575cf806?s=192&d=mm&r=g 2x' itemprop='image' class='avatar avatar-96 photo lazyload' height='96' width='96' decoding='async' src='data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==' style='--smush-placeholder-width: 96px; --smush-placeholder-aspect-ratio: 96/96;' /> <br> <span class="post-category"><a href="https://fxnewsgroup.com/category/forex-news/cryptocurrency/coinbase/">Coinbase News</a> / </span> <br> <span class="post-category"><a href="https://fxnewsgroup.com/category/forex-news/cryptocurrency/">Cryptocurrency News</a> / </span> <br> <span class="post-category"><a href="https://fxnewsgroup.com/category/forex-news/cryptocurrency/coinbase/">Coinbase News</a> / </span> <br><span id="email-notes">Your email address will not be published.</span> <span class="required-field-message">Required fields are marked <span class="required">*</span></span><br><label for="comment">Comment <span class="required">*</span></label> <textarea id="comment" name="comment" cols="45" rows="8" maxlength="65525" required></textarea><br><label for="author">Name <span class="required">*</span></label> <input id="author" name="author" type="text" value="" size="30" maxlength="245" autocomplete="name" required /><br><label for="email">Email <span class="required">*</span></label> <input id="email" name="email" type="email" value="" size="30" maxlength="100" aria-describedby="email-notes" autocomplete="email" required /><br><label for="url">Website</label> <input id="url" name="url" type="url" value="" size="30" maxlength="200" autocomplete="url" /><br><input name="submit" type="submit" id="submit" class="submit" value="Post Comment" /> <input type='hidden' name='comment_post_ID' value='36777' id='comment_post_ID' /> <input type='hidden' name='comment_parent' id='comment_parent' value='0' /> <br><input type="hidden" id="akismet_comment_nonce" name="akismet_comment_nonce" value="eb7ee092dd" /><br><label>Δ<textarea name="ak_hp_textarea" cols="45" rows="8" maxlength="100"></textarea></label><input type="hidden" id="ak_js_1" name="ak_js" value="38"/><script>document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );</script><br>LEADING BROKERS<br>LATEST NEWS<br>FNG NEWSLETTER<br><span style="color: #333333;">With FNG's Newsletter you'll get all the latest breaking FX Industry news stories - in a concise daily email, directly to your Inbox.</span><br> <input placeholder="Email"> <br> <a href="#header">Back to Top</a> <br>Get FNG's daily newsletter to receive notice of all articles like this one, in a concise daily email.<br>Subscribe now!<br> <input placeholder="Email"> <br><br><a href="https://news.google.com/rss/articles/CBMi0AFBVV95cUxPdnhfLW1ET0tjVE5YVHg3b1lnN3dBSFRFMU53d0FPNU02a3A1Z1B2Zk5MX1NBZzBPNWRwVVI0NWFwZG1zeFRyZVZqT1F3LThPb1l5ZjZiT0JYMVNPNFltYW1vNHlhc1FidVZaQm5zVnB6cnF5V2lBaThySm8wUnhlcGNQU3k3Zk5MSWpsWnVIOTNTalNJUE1lalJpV1RweWhDSGx3Wkk1V0taQVQyaG43QXRiaUVHb0hBTUkzcFJ2am5VZWtHVWFXNkNDVC1HX2hX?oc=5">source</a>
Bitcoin ETFs saw $470 million in outflows after the Fed’s rate cut, led by Fidelity and ARK, even as total ETF holdings remain above 1.5 million BTC.
U.S. spot Bitcoin exchange-traded funds shed $470 million Wednesday, marking the largest single-day outflows in two weeks as bitcoin briefly dropped to $108,000 before recovering, according to Farside Investors.
Fidelity’s FBTC led withdrawals with $164 million in outflows, followed by ARK Invest’s ARKB at $143 million and BlackRock’s IBIT with $88 million. Grayscale’s GBTC recorded $65 million in exits, while Bitwise’s BITB saw $6 million leave.
This story is an excerpt from the Unchained Daily newsletter.
Subscribe here to get these updates in your email for free
The drawdown followed steady gains earlier in the week, with $149 million in inflows Monday and $202 million Tuesday. Bitcoin traded between $108,201 and $113,567 over 24 hours despite the Federal Reserve cutting interest rates by 25 basis points.
Cumulative net inflows dropped to $61 billion, with total assets under management declining to $149 billion, representing 6.75% of bitcoin’s market capitalization. ETFs hold about 1.5 million BTC (≈ $169 billion).
Get daily crypto updates with our free newsletter: news, episodes, market updates, recommended reads, and memes.
Upgrade to Premium for exclusive interviews, a subscriber-only chat group, and show transcripts.
Your no-hype resource for all things crypto
Over 17,000 subscribers
Get the hottest takes from Laura, her guests, and The Chopping Block crew on all the news in crypto!
Apple PodcastsYoutubeSpotify
Get daily news and insights — straight to your inbox
Enter your email to subscribe for free!