Anchorage CEO Says Firm Won All Major Stablecoin Issuance Mandates Since Genius Act

According to Anchorage CEO Nathan McCauley, about 20 financial institutions and large technology companies are preparing stablecoin launches through Anchorage after the GENIUS Act passed.

Summary

Anchorage Digital CEO Nathan McCauley said about 20 financial institutions and large tech companies are lined up to issue stablecoins through Anchorage following passage of the GENIUS Act. Speaking at Consensus, McCauley said the company has won authorizations for all major stablecoin issuances, adding a rough scale to Anchorage’s previously stated lead in the market. The source does not name the institutions or provide details on the planned issuances.

Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value, usually by being pegged to a fiat currency such as the U.S. dollar.
  • GENIUS Act: A referenced law in the source tied to the post-passage stablecoin issuance environment, though no further details on its provisions are provided here.
  • Issuance: The process of creating and launching a token or financial instrument into the market, in this case a stablecoin.