Anchorage is stepping back from Robinhood and Kraken-backed stablecoin group

CoinDesk Staff

(04:30 PM UTC)

1 min read

Anchorage Digital co-founder and CEO Nathan McCauley said there will be ‘increased neutrality’ from his firm on stablecoins.

Anchorage Digital, the first federally chartered crypto bank in the U.S., says it will take a back seat to the Global Dollar stablecoin (USDG) consortium, which includes Robinhood and Kraken.

USDG, which has a circulating supply of around $3 billion, is issued by Paxos…

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