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The stablecoin queue: 20 banks and tech giants are waiting to issue tokens with Anchorage Digital

Anchorage Digital CEO Nathan McCauley announced that 20 major financial institutions and technology companies are currently waiting to issue new stablecoins through the federally chartered cryptocurrency custody firm.

Key Points

  • Anchorage Digital has secured every major stablecoin issuance mandate since the passage of the Genius Act.
  • The firm recently partnered with M0 to provide infrastructure for institutions to mint fully configurable stablecoins.
  • Anchorage launched an AI-based "Agentic Banking" service this week in collaboration with Google Cloud.
  • The company holds the distinction of being the first federally chartered cryptocurrency bank in the United States.
  • Current stablecoin market leaders, including Tether and USDC, have reached a total valuation of approximately $310 billion.

Why it Matters

The surge in institutional interest signals a significant shift toward the mainstream adoption of stablecoins as a primary tool for digital asset transactions. By providing a regulated framework for these issuers, Anchorage Digital is positioning itself as a central hub for the ongoing modernization of global financial infrastructure.
CoinDesk Published by Ian Allison
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