TechFlow news, October 9 — According to Business Wire, U.S. Bancorp announced it has been selected as the custodian for payment stablecoin reserves at Anchorage Digital Bank. Anchorage Digital Bank launched its stablecoin issuance platform in July 2025, shortly after the passage of the GENIUS Act. These stablecoins must be backed one-to-one by high-quality liquid assets and equipped with robust Bank Secrecy Act/anti-money laundering procedures, as required by the GENIUS Act.
Nathan McCauley, CEO of Anchorage Digital, said the collaboration with U.S. Bancorp reflects the growing integration between digital finance and traditional financial systems.
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