TechFlow, Sept 25 — According to Bloomberg, Anchorage Digital Bank NA, a crypto bank with a federal banking charter in the United States, plans to more than double the size of its stablecoin team within the next year.
In an interview, the bank's CEO Nathan McCauley revealed that Anchorage's stablecoin team, based in Sioux Falls, South Dakota, currently has about 20 members. Demand for talent and products in this space has surged due to the booming digital dollar market and new legislation.
Anchorage’s federal charter allows it to issue major stablecoins in the U.S. under the Genius Act, which was signed into law in July this year.
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