Anchorage Digital Brings Frgmnt's fUSD to Institutions — SkimNews
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- Anchorage Digital Bank is opening institutional access to Frgmnt's fUSD stablecoin, which joins its growing portfolio of regulated stablecoin and staking services for institutional clients.
- Tether invested $100 million into the broader Anchorage Digital platform in February, valuing it at $4.2 billion.
- 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 rather than solely providing custody for tokens issued elsewhere.
- Grupo Salinas partnered with Anchorage in May to support blockchain-based dollar transfers, cross-border settlement and treasury activity through its Coinpro digital asset subsidiary.
- Anchorage expanded institutional staking through an April integration with Marinade Finance for Solana strategies and added native TRX staking in July.
Why it matters: Anchorage Digital Bank has shifted from pure custody to active issuance — it now issues USAt for Tether under the GENIUS Act and serves as the institutional on-ramp for Frgmnt's fUSD. The OCC-chartered bank is also expanding into payments via Grupo Salinas and institutional staking, making it a multi-rail infrastructure vendor across stablecoins, payments and protocol rewards.
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