Digital bank Anchorage Digital has announced the launch of a new service called Stablecoin Solutions. The service offers minting, redemption, custody, fiat treasury management, and settlement on a single integrated platform. Clients, such as legacy banks, can easily enter the stablecoin market through a federally chartered financial institution that is compliant with the GENIUS Act.
According to Anchorage, Stablecoin Solutions supports top USD stablecoins across major chains. Institutions can natively mint and redeem stablecoins issued by Anchorage Digital Bank, including Tether’s USA₮, Ethena Labs’ USDtb, OSL’s USDGO, and upcoming issuances such as Western Union’s USDPT, and custody or transfer other supported stablecoins, on a single platform.
Nathan McCauley, co-Founder and CEO of Anchorage Digital, says that stablecoins are becoming core infrastructure in finance.
While early entrants dominate the stablecoin market, it is expected that all banks and other financial services firms will enter, enabling faster, more secure, and less costly payments and transfers. Programability is also evolving as part of the service. Stablecoins are effectively the new payment rails, which are taking over from legacy services that are slow and costly.