## Short Segments Anchorage Digital's acquisition of Routable is set to reshape stablecoin payments, but first, let's dive into today's headlines. The Montana Bankers Association endorses Stablecore, SBI Holdings teams up with Mesh and Money Forward for a crypto venture, and zerohash becomes a Tempo validator. We'll also explore why exchanges must adopt public blockchain infrastructure, Moody's rating of Sky Protocol, and Coinbase Pro's return. Later, we'll unpack Anchorage Digital's strategic move to integrate stablecoin payments into corporate systems. Montana Bankers Association endorses Stablecore as a digital asset technology provider. Stablecore, a platform enabling banks to offer stablecoins and tokenized deposits, has received an endorsement from the Montana Bankers Association. This endorsement positions Stablecore as a preferred vendor, allowing banks to integrate digital asset offerings into their existing services. For community and regional banks, this means a seamless way to expand their service offerings, potentially increasing customer engagement and retention. As digital assets become more mainstream, such endorsements could accelerate the adoption of stablecoins in traditional banking environments. SBI Holdings, Mesh, and Money Forward plan a joint venture for crypto transfers and payments. In a move to enhance digital asset connectivity, SBI Holdings has partnered with Mesh Connect and Money Forward to establish a joint venture in Japan. The venture aims to develop infrastructure for crypto transfers and payments, with Mesh Connect holding a majority stake. This collaboration highlights the growing interest in integrating digital assets into traditional financial systems, potentially paving the way for more seamless crypto transactions in Japan. As regulatory frameworks evolve, such ventures could play a crucial role in shaping the future of digital payments. zerohash named as Tempo validator, bringing Tempo's stablecoin rails to its partners. zerohash, an onchain infrastructure provider, has been granted a validator seat on Tempo's payments blockchain. This integration allows zerohash to offer Tempo's stablecoin payment capabilities to its extensive partner network, including banks and fintechs. By becoming the first infrastructure provider to hold a validator seat, zerohash is positioned to enhance its service offerings, potentially increasing the adoption of stablecoin payments across its ecosystem. This move underscores the importance of robust infrastructure in scaling blockchain-based payment solutions. Every exchange will need to adopt public blockchain infrastructure to stay competitive, says Hyperliquid Policy Center CEO. Jake Chervinsky, CEO of Hyperliquid Policy Center, emphasized the necessity for exchanges to integrate public blockchain infrastructure. Speaking at the Digital Asset Summit 2026, he noted that even major exchanges like CME Group and ICE will need to adapt to remain competitive. This shift is expected to bring more transparency and efficiency to the market, aligning with regulatory expectations. As the industry evolves, exchanges that fail to adopt these technologies may find themselves at a disadvantage. Moody's gives Sky Protocol a B3 rating as institutional interest in USDS grows. Sky Protocol has received a B3 issuer rating from Moody's, marking the first time a stablecoin protocol has been rated by the agency. This rating, alongside a B- from S&P Global, positions Sky as a credible player in the stablecoin market. With institutional interest in USDS increasing, these ratings could enhance confidence among investors and partners. As stablecoins gain traction, such ratings may become a standard measure of credibility and risk assessment. Coinbase Pro to return as Deribit integration creates Coinbase Global Exchange. Coinbase has announced the relaunch of Coinbase Pro, now part of the new Coinbase Global Exchange. This integration with Deribit brings together US and global crypto derivatives into a single regulated liquidity pool. The revamped platform will offer advanced trading features, including crypto options and spot margin trading. For traders, this means access to a more comprehensive suite of tools and a unified trading experience. As the exchange landscape evolves, such integrations could redefine market dynamics. ## Feature Story Anchorage Digital acquires Routable to expand stablecoin payments. In a strategic move, Anchorage Digital has acquired Routable, a business-to-business payments platform, to enhance its stablecoin settlement capabilities. This acquisition aims to integrate stablecoin payments into existing corporate payment systems, targeting larger enterprise customers. Routable's infrastructure, which automates payouts and compliance, will now support Anchorage's vision of offering seamless payment and settlement services across both fiat and digital currencies. As the first federally chartered crypto bank in the US, Anchorage is uniquely positioned to bridge the gap between traditional finance and digital assets. By incorporating Routable's technology, Anchorage can offer businesses a unified platform for managing both traditional and crypto transactions. This could significantly streamline operations for companies dealing with high-volume payouts, such as streaming platforms and marketplaces. The acquisition reflects a broader trend of integrating stablecoins into mainstream financial systems, potentially accelerating their adoption in corporate environments. As stablecoins become more prevalent, the ability to offer integrated payment solutions could become a key differentiator for financial institutions. Looking ahead, Anchorage's move may prompt other crypto custodians to explore similar integrations, further blurring the lines between traditional and digital finance. For now, the focus will be on how effectively Anchorage can leverage Routable's infrastructure to deliver on its promise of seamless, global payment solutions.