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Crypto DeFi

Anchorage Digital Adds Institutional Access to Frgmnt’s fUSD Stablecoin

US federally chartered crypto bank Anchorage Digital will give institutional clients access to Frgmnt’s fUSD stablecoin through its custody platform, allowing them to hold, mint, redeem and stake the token. The arrangement extends Anchorage’s custody and settlement services to a stablecoin issued by Frgmnt.

Original source

AI take

The notable shift here is not another stablecoin listing but the pairing of a federally chartered custodian with a smaller issuer's token, which gives fUSD a distribution and safekeeping channel it would otherwise have to build itself. That matters most for institutions that need a regulated custody wrapper before touching a stablecoin at all, and it positions Anchorage as a gateway rather than an issuer. The open question is whether mint, redeem and stake access inside a bank-grade platform becomes a template other custodians copy, or stays a one-off arrangement.

Generated by AI for reference only.

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