Anchorage Digital Sees 20 Banks, Tech Firms Queue

Anchorage Digital, the first federally chartered crypto bank in the U.S., is experiencing significant demand for stablecoin issuance services. CEO Nathan McCauley stated that approximately 20 major financial institutions and tech companies are waiting to launch their own stablecoins with the firm. This surge in interest follows the passage of the Genius Act, with Anchorage securing all recent large stablecoin issuance mandates. The company is expanding its capabilities through partnerships, including one with M0 to enhance stablecoin minting and another with Google Cloud for its AI-based "Agentic Banking" initiative, aiming to revolutionize financial transactions for AI agents.