Anchorage Digital brings Frgmnt’s fUSD stablecoin to institutional clients

Anchorage Digital is expanding institutional access to Frgmnt’s fUSD stablecoin through its custody platform. The US federally chartered crypto bank will enable institutional clients to hold, mint, redeem and stake fUSD, according to Cointelegraph. The arrangement adds custody-platform support for several core stablecoin functions, giving eligible clients a way to manage their fUSD positions through Anchorage Digital. The announcement concerns access and functionality for institutional users; no details were provided on transaction volumes, fees or the size of the rollout. Frgmnt is the issuer of fUSD, while Anchorage Digital will provide the platform through which clients can interact with the stablecoin.