Anchorage Digital Connects Fiat and Crypto with Global USD Transfers

TLDR

• Anchorage Digital has introduced global US Dollar wire transfers for institutional clients.
• The service allows seamless movement between traditional cash and cryptocurrency assets.
• Anchorage Digital remains the only federally chartered crypto bank in the United States.
• The bank will soon offer interest-bearing USD accounts with stablecoin rewards.
• Anchorage Digital has cleared regulatory hurdles after an investigation by federal agencies.

Anchorage Digital has launched global US Dollar wire transfers to connect cryptocurrency assets with traditional banking systems. This update enables institutional clients to transfer funds across fiat and cryptocurrency channels more easily. The firm aims to provide seamless integration between regulated cash services and digital assets on a single platform.

Anchorage Digital Enables Seamless Fiat-Crypto Integration

Anchorage Digital introduced global wire transfers to improve fund movement between crypto holdings and traditional US Dollar accounts. The new service supports real-time USD settlements and streamlines asset management for institutions that utilize digital assets. Clients can now manage both crypto and fiat assets on a single, federally regulated platform.

Co-founder and CEO Nathan McCauley stated the move supports their long-term goal of making digital asset finance more straightforward. “Anchorage Digital makes it easier for clients to manage both sides of their balance sheet,” McCauley noted. The offering also provides clients with trusted cash services within a single crypto-native banking platform.

Anchorage Digital claims its federal charter sets it apart from other crypto firms. It is the only federally regulated crypto bank in the United States. This allows it to offer secure USD services alongside institutional digital asset custody and trading tools.

Interest-Bearing Accounts and Stablecoin Rewards Coming Soon

Anchorage Digital plans to roll out interest-bearing USD accounts in the coming months. These accounts will support the creation of stablecoins and enable users to earn yields on tokens such as USDG and PYUSD. The upcoming service further strengthens Anchorage Digital’s position in the regulated digital finance space.

With this, clients can earn rewards while keeping funds in USD or related stablecoins. Anchorage Digital will offer these services within the scope of its federal regulatory framework. These new offerings aim to build trust and long-term adoption among institutional users.

The expansion follows Anchorage Digital’s announcement in August regarding white-label stablecoins. Under this model, banks and firms can issue their own regulated stablecoins through Anchorage Digital. This feature allows institutions to launch branded stablecoins backed by fully regulated custodianship.

Regulatory Hurdles Cleared After Investigations

The Office of the Comptroller of the Currency (OCC) recently lifted a consent order against Anchorage Digital. This order was related to concerns about anti-money laundering controls and customer verification processes. Anchorage Digital responded by improving its compliance systems and restoring confidence.

The El Dorado Task Force, under the Department of Homeland Security, also investigated the bank’s internal practices. Investigators interviewed former employees and requested bank records, but did not reveal specific findings. Despite the scrutiny, Anchorage Digital maintained its regulatory standing throughout the process.

Anchorage Digital received its federal bank charter from the OCC in 2021. Since then, it has worked to lead in compliance and institutional crypto services. The company continues to expand offerings while meeting federal standards for financial operations.

US Bank Expands Role in Stablecoin and Custody Services

US Bank has partnered with Anchorage Digital to support reserves for its stablecoin services. The Minneapolis-based bank also resumed its own Bitcoin custody services, reinforcing its presence in the crypto market. US Bank manages around $11.7 trillion in assets under custody and administration.

Stephen Philipson, vice chair at US Bank, confirmed their growing role in the digital asset ecosystem. “We ensure secure and accurate administration of all client assets,” he said. Their collaboration with Anchorage Digital reflects the evolving relationship between crypto and traditional financial institutions.

Anchorage Digital’s clients gain access to US Bank’s trusted custodial infrastructure. This partnership improves operational reliability and compliance for Anchorage Digital’s stablecoin platform. Together, both institutions aim to enhance credibility and innovation in the regulated crypto space.

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