Anchorage Digital is pleased to be an initial partner of the Global Dollar Network (GDN), an alliance of professionals in fintech and digital assets committed to accelerating the adoption of safe and trusted stablecoins.
Nathan McCauley, Co-Founder and CEO of Anchorage Digital said that their role as an initial partner of the GDN is to ensure USDG meets the most important needs of institutions “when it comes to stablecoins—seamless transactions, flexible trading, safe custody, and rewards.”
They added that Anchorage Digital provides all of these in their “support for USDG so institutions have a real and viable new option in USDG.”
Directed by a network advisory committee with partner representation, Global Dollar Network will reshape the stablecoin landscape, offering a solution that meets the stringent “demands of global enterprises while promoting collaborative growth and innovation.”
At the heart of GDN is USDG, a new US-dollar denominated stablecoin issued by Paxos Digital Singapore Pte. Ltd. (PDS), which is “subject to prudential oversight by the Monetary Authority of Singapore (MAS).”
USDG powers seamless, ‘low-cost, 24/7 global transfers.’
Anchorage Digital’s comprehensive USDG support:
- Mint/burn: Seamlessly convert USDG to USD* and vice versa as an on/off ramp when participating in both fiat and digital assets.
- Custody or self-custody: Safeguard USDG with the only US federally chartered crypto bank, Anchorage Digital Bank, or via MAS-licensed Anchorage Digital Singapore—assets are segregated on-chain and never commingled. Or, self-custody USDG with the industry’s leading institutional wallet, Porto by Anchorage Digital.
- Collect stablecoin rewards: Receive rewards when holding USDG with Anchorage Digital, with no rehypothecation, no lending, no minimum balance requirements, and no lockups of your assets.
- Trade: Anchorage Digital offers a range of institutional trading services for USDG, providing clients with flexible execution options, competitive pricing, and access to deep liquidity.**
- Settle: Leverage Anchorage Digital’s Atlas network for secure and streamlined USDG settlement. Atlas minimizes counterparty, delivery, and bankruptcy-exposure risks and facilitates seamless transactions.
Whether you’re looking for stablecoin rewards, easy settlement, trading, or custody, Anchorage Digital says that it is able to support your journey.
