This capability is provided by the company’s new Stablecoin Solutions for Banks, which is a purpose-built offering under U.S. federal oversight, Anchorage Digital said in a Thursday (Feb. 19) press release.
Stablecoin Solutions for Banks brings together stablecoin minting and redemption, custody, fiat treasury management and settlement, according to the release.
It enables banks to access stablecoin and fiat wallets through a single federally regulated counterparty, execute near-instant USD stablecoin transfers across supported blockchain networks, conduct third-party wire transfers to U.S. and international destinations, and preserve principal value with network fee protection options, the release said.
The solution supports leading USD stablecoins across major chains, enables institutions to natively mint and redeem stablecoins issued by Anchorage Digital Bank, and connects participants to a growing ecosystem of regulated counterparties operating on a shared settlement infrastructure, per the release.
“Stablecoin Solutions gives banks a federally regulated way to move dollars globally using blockchain rails, without compromising custody, compliance or operational control,” Anchorage Digital Co-Founder and CEO Nathan McCauley said in the release. “This is about modernizing settlement while preserving the standards the financial system depends on.”
Anchorage Digital was founded in 2017 and is the first federally chartered digital asset bank in the United States. It offers trading, staking governance, settlement and stablecoin issuance services.
When it received a $100 million investment from stablecoin issuer Tether on Feb. 5, Anchorage Digital was valued at $4.2 billion. The companies had already collaborated, as Anchorage is Tether’s U.S. stablecoin issuer.
“This investment is a signal of conviction from one of the most important companies on earth, and it’s based on firsthand experience, not theory,” McCauley said in a post on X announcing the investment.
PYMNTS reported Feb. 9 that banks are moving into stablecoins as distributed ledger technology matures and regulators clarify expectations around custody, reserves and consumer protection.
Recent moves by banks in this area suggest that stablecoins are being integrated into core strategies around payments efficiency, asset servicing and global market access. Many of these initiatives focus on wholesale rather than retail use.
