U.S. Bank has been selected to serve as the custodian for reserves backing Anchorage Digital Bank’s payment stablecoins. Anchorage Digital Bank is the only crypto-native bank in the U.S. to hold a federal charter, operating under the direct oversight of the Office of the Comptroller of the Currency.
Anchorage Digital Bank launched its stablecoin issuance platform in July 2025, immediately following passage of the GENIUS Act in the U.S. These stablecoins are fully compliant with the GENIUS Act, which requires that the stablecoins are backed one-to-one by certain high-quality liquid assets and supported by robust Bank Secrecy Act/AML programs.