By Tony Acuña-Rohter, CEO, EDX
Today, we’re pleased to announce that EDX Markets now supports USD Coin (USDC) for both collateral deposits and the settlement of USD obligations. This new capability will deliver greater flexibility and efficiency to our clients, who can now move and manage capital around the clock, without being constrained by traditional banking rails.
As of today, USDC can be deposited as collateral and used to fulfill settlement obligations on a 1:1 basis. There are no additional platform fees for using USDC in this way, and we currently support the Ethereum (ERC-20) network.
More than just a technical update, this change represents a strategic shift that reflects how digital dollars are becoming essential tools in modern market infrastructure.
At EDX, we’re a product-driven company—and our decision to support USDC was led by client demand. Institutional firms increasingly expect the ability to move funds 24/7, 365 days a year. Stablecoins make that possible, bypassing the limitations of traditional systems like Fedwire and offering near-instant settlement workflows, even overnight and on weekends.
But the value extends beyond convenience. Accepting USDC helps us — and our clients — better manage risk. By enabling pre-delivery and pre-settlement at any time, we can reduce exposure and give firms more control over how and when they meet their obligations. And in doing so, we enhance the resilience and efficiency of our entire marketplace.
Viewed through this lens, USDC is more than a new payment method. It’s a foundational piece of what modern institutional infrastructure looks like.
Stablecoins: A Gateway to Institutional Adoption
We believe that stablecoins are poised to become a core building block of institutional finance. They’re not just a crypto-native solution — they’re a practical, efficient way to move dollars, especially for firms that want to engage with digital assets without taking on asset-level volatility. And the market has taken notice – in 2024, stablecoin transfers totaled $27.6 trillion, surpassing the combined transaction volume of Visa and Mastercard.
As the regulatory environment evolves, we expect this trend to further accelerate and ultimately usher in a wave of broader adoption. Relevant legislation has already become a priority among lawmakers, with both houses of Congress having introduced stablecoin regulation bills earlier this year, and the focus will only intensify amid continued demand and innovative industry solutions like ours. Clear rules around reserve transparency and redemption speed will increase trust, reduce friction and bring more institutions into the fold. In time, innovations like yield-bearing stablecoins may even shift preference away from traditional dollars entirely.
For firms new to digital assets, stablecoins can offer a safe, low-friction entry point. At EDX, we’re proud to now offer a compliant, institutional-grade venue for this kind of innovation. Whether you’re already active in digital markets or just beginning to explore the possibilities, we believe this is the right moment to embrace the efficiencies that stablecoins can unlock. Interested in discussing in more detail? Reach out to start a conversation
