Anchorage Digital offers non-U.S. banks a stablecoin stand-in for correspondent banking
Analysis
Price Impact
HighAnchorage digital's 'stablecoin solutions' for international banks provides a federally regulated, faster, and more efficient alternative to traditional correspondent banking. this significantly boosts the utility, legitimacy, and institutional adoption of u.s.-compliant stablecoins, potentially leading to increased demand and circulation within the global financial system.
Trustworthiness
HighAnchorage digital is the first crypto firm to receive a u.s. banking charter, making it a highly regulated and trusted entity. the initiative is built upon the u.s. genius act, further solidifying its regulatory foundation, despite the full regulations still being finalized.
Price Direction
BullishThe integration of stablecoins into core financial infrastructure for cross-border payments, especially through regulated entities like anchorage, enhances the legitimacy and utility of the crypto market. this increased institutional flow and use case for stablecoins is fundamentally bullish for the stablecoin market (in terms of adoption and market cap) and indirectly positive for the broader crypto ecosystem.
Time Effect
LongWhile the news provides immediate positive sentiment, the full impact of this initiative will materialize as the genius act regulations are fully implemented and international banks increasingly adopt these services, which will be a gradual process over several years, laying foundational infrastructure for future growth.
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Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Anchorage Digital offers non-U.S. banks a stablecoin stand-in for correspondent banking Crypto bank Anchorage Digital is launching U.S.-compliant stablecoin rails for international banks, offering faster movement of assets across borders. By Jesse Hamilton | Edited by Nikhilesh De Feb 19, 2026, 4:00 p.m. Make us preferred on Google CEO Nathan McCauley's Anchorage Digital is inviting international bank customers into new stablecoin services. (CoinDesk) What to know : Anchorage Digital is establishing stablecoin services that international banks can use to tap into U.S.-regulated rails. The services, including issuance, custody, and blockchain-native settlement, are meant to offer a faster alternative to traditional correspondent banking relationships. Anchorage Digital, the first crypto firm to get a U.S. banking charter, wants international banks to swap out correspondent banking relationships with a new service that offers U.S.-regulated stablecoin rails for non-U.S. institutions. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . The bank is launching what it calls "Stablecoin Solutions" to permit easy, cross-border movement of dollar-tied assets, combining "minting and redemption, custody, fiat treasury management, and settlement" into one service, it said in a Thursday statement. "Stablecoins are becoming core financial infrastructure," said Nathan McCauley, co-founder and CEO of Anchorage Digital, in a statement. "Stablecoin Solutions gives banks a federally regulated way to move dollars globally using blockchain rails, without compromising custody, compliance, or operational control." Now that the U.S. has a new law governing stablecoin issuers under last year's Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, Anchorage Digital — already regulated under a federal charter by the Office of the Comptroller of the Currency — is moving to offer the stablecoin services. While it's ready to handle any brand of stablecoin, a field currently dominated by Tether's $USDT and Circle $USDC, the company said institutions can natively mint and redeem tokens "issued by Anchorage Digital Bank, including Tether’s USA₮, Ethena Labs’ USDtb, OSL’s USDGO and upcoming issuances such as Western Union’s USDPT." Correspondent banking allows foreign banks to tap another institution to handle their cross-border activities, such as wire transfers, currency exchange, taking foreign deposits and otherwise acting as a third-party proxy. But it can be expensive and time-consuming. Anchorage Digital is suggesting it can use stablecoin rails to cut settlement delays and simplify the complexity of the existing system. The GENIUS Act that will govern this business isn't yet implemented by the federal agencies involved in regulation and oversight, such as the OCC and other banking watchdogs. Those agencies have begun proposing some of the future regulations. Some provisions on stablecoin yield are now being reopened in the ongoing Senate negotiation over the Digital Asset Market Clarity Act. 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