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Anchorage Digital CEO Says Firm Will Take a More Neutral Stance on Stablecoins

According to Nathan McCauley, Anchorage Digital will reduce its role in the USDG alliance while continuing to support the stablecoin and broaden its neutral approach.

USDG

Summary

Anchorage Digital co-founder and CEO Nathan McCauley said the company will take a more neutral stance on stablecoins and reduce its role in the USDG alliance. USDG has about $3 billion in circulation. McCauley said Anchorage still supports USDG, while the company is also serving about 20 banks and tech giants as a white-label issuer and has partnered with M0.

Terms & Concepts
  • Stablecoins: Cryptocurrencies designed to maintain a steady value, usually by being pegged to a fiat currency such as the U.S. dollar.
  • USDG: A stablecoin mentioned in the report that has about $3 billion in circulation.
  • White-label issuer: A company that issues a product or service that other firms can rebrand and offer under their own name.