Anchorage Digital Launching Stablecoin Issuance Platform

Anchorage Digital is launching a stablecoin issuance platform to help clients participate in the expected frenzy around the asset-backed tokens following the passage of key legislation in the US.

Anchorage Digital is the parent of Anchorage Digital Bank, the only operating crypto company that holds a national trust charter overseen by the US Office of the Comptroller of the Currency. It is positioning itself as the leading stablecoin issuer for institutions.

Ethena Labs is the inaugural client for the platform. Under the partnership, Ethena’s USDtb stablecoin, currently issued offshore, will be issued in the US by Anchorage Digital Bank.

The ...