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Digital loans from December: Crypto revolution starts in Florida!
Uphold Launches XRP and Ethereum Collateralized Lending in December; Western Union plans Solana-based stablecoin.
Digital loans from December: Crypto revolution starts in Florida!
Uphold, a US crypto company, announced on October 28, 2025 the launch of digital, asset-based loans, available from December. These innovative loans can be taken out against leading cryptocurrencies such as XRP, Ethereum (ETH), Bitcoin (BTC) and USD Coin (USDC). The rollout of the loans begins in Florida and aims to increase the real-world use cases of these important digital assets and potentially lead to price appreciation, reports U.Today.
The announcement was highlighted by crypto commentator Chad Steingraber on Platform X, bringing additional attention to the upcoming loan offerings. This initiative could be a sign of the growing acceptance of cryptocurrencies in the financial sector, as the company continues to innovate and respond to the needs of its customers.
Institutional interest in Ethereum
In addition to digital asset loans, Ethereum ETFs are showing positive development. On October 27, these ETFs recorded net inflows of $149 million, marking the third consecutive day of positive inflows. Most notably, there were no net outflows from the nine active Ethereum ETFs during this period, resulting in a total inflow of $134 million. These developments indicate increasing institutional interest in Ethereum, especially after a period of stagnation in the crypto ETF market at the start of October. Analysts and fund managers see potential for Ethereum to break above the $4,200 resistance level and potentially head towards a $5,000 target.
Western Union's entry into the stablecoin market
Another significant move in the cryptocurrency sector is being initiated by Western Union, which plans to launch a Solana-based stablecoin called U.S. in 2026. To introduce Dollar Payment Token (USDPT). CEO Devin McGranahan sees this project as the “next chapter” in the company’s history. With 100 million customers in over 200 countries, Western Union is under pressure to keep up with competitors like PayPal and MoneyGram, which are already active in the stablecoin market. The move to introduce USDPT could strengthen Western Union's position in digital payments and propel the company into an increasingly competitive sector.