W3BStation
Markets
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
09/15/2025

Today in Crypto: USDH Stablecoin Launch, Pakistan Opens Doors to International Exchanges, and TradFi Increases Bitcoin Allocation

Today's crypto market saw several major developments — from the race to issue the USDH stablecoin and Pakistan's open-door policy for exchanges, to forecasts of institutional capital flowing into Bitcoin from traditional finance. Native Markets Wins the Right to Issue the USDH Stablecoin Native Markets won the right to issue the USDH stablecoin on the decentralized exchange Hyperliquid after a highly competitive bidding process that drew significant attention from the community. According to Max Fiege, founder of Native Markets, the team will soon submit

Today in Crypto: USDH Stablecoin Launch, Pakistan Opens Doors to International Exchanges, and TradFi Increases Bitcoin Allocation

Today's crypto market saw several major developments — from the race to issue the USDH stablecoin and Pakistan's open-door policy for exchanges, to forecasts of institutional capital flowing into Bitcoin from traditional finance.

Native Markets Wins the Right to Issue the USDH Stablecoin

Native Markets won the right to issue the stablecoin USDH on the decentralized exchange Hyperliquid after a highly competitive bidding process that drew significant attention from the community.
According to Max Fiege, founder of Native Markets, the team will soon submit a Hyperliquid Improvement Proposal (HIP) to deploy USDH. The initial testing phase will allow minting and redeeming up to $800 per transaction, followed by the opening of a USDH/USDC trading pair and the issuance of a standard ERC-20 token on Ethereum.
The competition has sparked considerable debate in the community, with some voices raising concerns about the future development of stablecoins and how exchanges handle USD-pegged tokens.

Pakistan Opens Its Doors to International Exchanges and VASPs

Pakistan has officially invited international cryptocurrency exchanges and virtual asset service providers (VASPs) to apply for operating licenses under a new regulatory framework from PVARA (Pakistan Virtual Asset Regulatory Authority).
PVARA Chairman Bilal bin Saqib stated that the move aims to build a transparent and inclusive financial market for Pakistan. However, only companies already licensed by top-tier regulators such as the SEC (US), FCA (UK), EU, UAE, or Singapore will be eligible to participate.
Notably, Pakistan currently ranks third globally in crypto adoption, highlighting the strong growth potential if this regulatory framework operates effectively.

TradFi Expected to Boost Bitcoin Allocation Later This Year

Wall Street veteran and macro strategist Jordi Visser predicts that traditional financial institutions (TradFi) will significantly increase their Bitcoin allocations in Q4 2025, positioning ahead of the year ahead.
In an interview with Anthony Pompliano, Visser stated: "Bitcoin allocation rates will be higher — and that is going to happen."
The forecast comes as the market continues to debate whether Bitcoin is approaching a cycle price peak, with BTC currently trading around $116,000.

The Big Picture

Today's three standout events reflect a crypto market moving on multiple fronts: intensifying stablecoin competition, expanding national regulatory frameworks, and institutional capital preparing to enter more deeply. These could be the key forces driving market maturity in the period ahead.