Anchorage Digital, the first federally chartered crypto bank in the U.S., is shifting its strategy on stablecoins, moving away from actively promoting the Global Dollar stablecoin (USDG) consortium. CEO Nathan McCauley stated in an interview that the firm will adopt 'increased neutrality' regarding stablecoins, refraining from pushing any single stablecoin. Previously, Anchorage had been a prominent supporter of USDG, which has a circulating supply of about $3 billion and is issued by Paxos Digital Singapore under the Monetary Authority of Singapore's supervision. The consortium includes major players like Robinhood, Kraken, Galaxy Digital, OKX, Visa, Worldpay, and Bullish. This change comes as Anchorage positions itself as a white-label stablecoin issuer for multiple banks and tech giants, with as many as 20 entities exploring issuance through the firm. McCauley noted that the new, more neutral stance aligns with its expanding role as an infrastructure provider. The decision reflects the evolving competitive landscape in the stablecoin market, where issuers increasingly seek impartial custodial and technical partners.

Key facts

• Anchorage Digital will adopt increased neutrality on stablecoins, not promoting any specific one.
• CEO Nathan McCauley confirms the firm steps back from actively boosting USDG.
• USDG is a $3 billion stablecoin issued by Paxos Digital Singapore, supervised by MAS.
• Anchorage is becoming a white-label issuer for 20+ banks and tech giants.
• The shift aligns with Anchorage's expanding role as infrastructure provider.
• Paxos did not comment on Anchorage's changed stance.