The stablecoin queue: 20 banks and tech giants are waiting to issue tokens with Anchorage Digital
Since the Genius Act passed, Anchorage has won every single large stablecoin issuance mandate across the landscape, according to the firm’s CEO Nathan McCauley.
What to know:
- Anchorage was the U.S’ first federally chartered crypto bank.
- Partnerships like the recent one with stablecoin issuance protocol M0 is helping Anchorage meet demand.
- The firm also launched AI-based “Agentic Bank” this week.
“The kind of inbounds we see are banks that want to achieve a very specific objective, stablecoin issuers who are saying, ‘Hey, I’ve got a distribution channel where I can put my stablecoin to good use,’” he added.
Anchorage was the U.S’ first federally chartered crypto bank, so it’s not surprising the firm is now reaping the benefits of an incipient regulatory framework in the States.
In order to better meet that demand, Anchorage, last month, announced a partnership with M0, a technology provider that allows global institutions to mint fully configurable stablecoins, which also works with the likes of Stripe, Moonpay and MetaMask.
