The US’ first digital asset bank has issued stablecoins for the likes of Tether and Ethena Labs, and is now making them available for traditional banks to perform near-instant cross-border payments.
The US’ first federally regulated crypto bank, Anchorage Digital Bank, has launched a new stablecoin infrastructure service for traditional banks to perform US dollar cross-border payments.
The ‘Stablecoin Solutions for Banks service‘ was launched by Anchorage on 19 February to offer licensed US federal banks stablecoin payment rails, gaining access to stablecoin and fiat wallets and accounts to facilitate outbound and inbound USD transfers.
Partnering banks will be able to leverage USD stablecoins for near-instant settlements across borders, conduct third-party wire transfers in the US and internationally, while also being able to protect transactions with network protection fees.
The service supports leading USD stablecoins, such as Ethena Labs’ USDtb, OSL’s USDGO, and Tether’s USA₮, all stablecoins issued by Anchorage. The company also revealed Western Union’s USDPT stablecoin will also become available via its issuance.
Alongside cross-border payment facilitation, Stablecoin Solutions for Banks is able mint and redeem access to federally issued stablecoins once the legislation of the GENIUS Act, which was passed in the House of Representatives in July 2025, is finalised.
Anchorage will provide stablecoin balances to institutions to assist them in reducing trapped liquidity and improve capital efficiency by incentivising payments and the holding of reserves of stablecoins.
“Stablecoins are becoming core financial infrastructure,” said Nathan McCauley, Co-Founder and CEO of Anchorage Digital. “Stablecoin Solutions gives banks a federally regulated way to move dollars globally using blockchain rails, without compromising custody, compliance, or operational control.
“This is about modernising settlement while preserving the standards the financial system depends on.”
Regulatory-first approach
Anchorage received its charter license from the Office of the Comptroller of the Currency (OCC) in January 2021, prior to Trump’s second term in office; a litany of crypto and digital asset companies have applied for similar licenses since Trump embarked on deregulation policies that included the OCC.
Anchorage Digital Bank, therefore, must comply with the Bank Secrecy Act and anti-money laundering regulations, as well as file suspicious transactions to the Suspicious Activity Report division of the OCC.
In April 2022, Anchorage was the subject of a consent order from the OCC regarding deficiencies in its AML and Bank Secrecy Act compliance.
In response to its efforts to improve its compliance, McCauley via a blog post in August 2025 stated Anchorage’s consent order had been lifted and “by the nature of being first, we have a nearly five-year head start in becoming the best,” he said in regards to being the first crypto company to become a federal bank.
“When we applied for that charter, we knew what we were signing up for: the path forward was uncharted for any crypto company, and at the time, many in our industry—and most of Washington—felt that digital assets and regulation were like oil and water,” added McCauley.
“We embarked on that path not because it was easy, but because we knew it was the right long-term move for the industry—laying the foundation for trust, safety, and durability in the years ahead. And in an industry intent on “going to the moon”, the seeming impossibility of our federal charter mission lit a fire under us from the start.”
According to its statement upon the launch of Stablecoin Solutions for Banks, Anchorage Digital has protected tens of billions of dollars in digital assets across multiple blockchains for the last eight years.
