Anchorage Digital Adds Institutional Access to Frgmnt's fUSD — SkimNews
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- Anchorage Digital Bank is adding institutional access to Frgmnt's fUSD stablecoin, expanding its role as a regulated gateway for institutions seeking stablecoins, staking, and other onchain financial products.
- Tether invested $100 million in Anchorage Digital in February, valuing the platform at $4.2 billion; Anchorage Digital Bank is a federally chartered US crypto bank regulated by the Office of the Comptroller of the Currency.
- Tether tapped Anchorage Digital Bank in January to issue USAt, its US-focused stablecoin designed to operate under the GENIUS Act, putting Anchorage on the issuance side of the market rather than solely providing custody.
- In May, Mexico's Grupo Salinas partnered with Anchorage to support blockchain-based dollar transfers, cross-border settlement, and treasury operations through its Coinpro digital asset subsidiary.
- Anchorage Digital expanded institutional staking services with an April integration with Marinade Finance for Solana strategies, followed in July by native staking support for TRX, the Tron network's native token.
Why it matters: The Frgmnt deal extends Anchorage Digital's role beyond custody into active stablecoin distribution, building on its January USAt issuance deal with Tether and its May payments partnership with Grupo Salinas. For institutions, it means one OCC-regulated bank can now handle custody, issuance, staking, and cross-border settlement under a single regulated roof — compressing the number of counterparties needed for diversified crypto exposure.
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