Overview
- The new service lets institutions hold, send, and receive U.S. dollars alongside cryptocurrencies on one platform, with conversions available through Anchorage’s trading desk.
- Clients can initiate transfers and manage balances via a web dashboard, an iOS app, or programmatically through an API, supported by the bank’s security controls.
- Anchorage says it will roll out interest-bearing USD accounts in the coming months, offering rewards on eligible stablecoins such as PYUSD and USDG.
- The OCC recently lifted a consent order related to anti–money-laundering and customer verification after Anchorage implemented compliance improvements.
- US Bank is partnering to support reserves for Anchorage’s stablecoin services, and the DHS El Dorado Task Force has conducted inquiries with no public findings disclosed.