Anchorage, officially the Municipality of Anchorage, is the most populous city in the U.S. state of Alaska. With a population of 291,247 at the 2020 census, it contains nearly 40 percent of the state's population. From Wikipedia
The project is built to comply with the new GENIUS Act using Anchorage as issuer and Cantor Fitzgerald as reserve custodian to appeal to U.S. institutions.