Anchorage Digital Announces Launch of Stablecoin Solution for International Banks

BlockBeats News, February 20th, Anchorage Digital, a crypto bank, announced the launch of a stablecoin solution for international banks, providing a new service to licensed international banks to issue, custody federally regulated stablecoins, and settle in dollars. Through the collaboration with Anchorage Digital Bank, participating institutions can access stablecoin and fiat wallets and accounts, facilitating USD cross-border transfers.

Anchorage Digital's stablecoin solution supports USD stablecoins on major blockchains, including Tether's USAT, Ethena Labs' USDtb, OSL's USDGO, and upcoming stablecoins such as Western Union's USDPT. The platform offers initial minting and redemption services for government-backed stablecoins in response to the final enactment of the GENIUS Act and the evolution of U.S. market structure legislation.