Foresight News reports that the crypto bank Anchorage Digital has announced the launch of “Stablecoin Solutions” for international banks, providing a new service that allows licensed international banks to issue and custody federally regulated stablecoins and settle transactions in US dollars.
By partnering with Anchorage Digital Bank, participating institutions can access stablecoin and fiat currency wallets and accounts, facilitating outbound and inbound USD transfers. The bank-focused stablecoin solution is not limited to specific stablecoins and supports USD stablecoins on major mainstream blockchains, including Tether’s USAT, Ethena Labs’ USDtb, OSL’s USDGO, and upcoming stablecoins such as Western Union’s USDPT. The platform offers the initial minting and redemption services for stablecoins issued by the federal government to address the final enactment of the GENIUS Act and the evolution of US market structure legislation.
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