Anchorage Digital Introduces Institutional Channel for Frgmnt Stablecoins

TechFlow reports that on September 12, according to Cointelegraph, regulated custodian Anchorage Digital announced a partnership with Frgmnt, a stablecoin protocol built on the Base network. This integration will enable Anchorage’s institutional clients to directly access Frgmnt-issued fUSD and sfUSD tokens through its existing infrastructure. Via this channel, institutional users can conduct full lifecycle operations—including holding, minting, redeeming, staking, and unstaking—on both assets without setting up additional custody arrangements.

Frgmnt issues fUSD backed by USDC collateral and deploys capital into on-chain lending markets to generate yield. Users can stake fUSD for sfUSD to earn strategy returns. Data indicates that as of September 4, sfUSD’s annualized yield stood at approximately 13.32%. Frgmnt remains in an invite-only closed testing phase with a TVL of roughly $100,000; the team plans to publicly launch and raise deposit limits on September 15.