Anchorage | Crypto

Ethena Labs submitted a proposal on Sept. 9 to become the issuer of Hyperliquid’s native stablecoin USDH, joining an increasingly competitive race. The bid consists of backing USDH entirely by USDtb, a stablecoin backed by BlackRock’s BUIDL fund, with the support of Anchorage Digital. Ethena is committed to returning 95% of net revenue generated from […] The post Ethena enters USDH race supported by BlackRock BUIDL, Anchorage, Securitize appeared first on CryptoSlate.

Anchorage Digital has added custody and staking for Starknet’s STRK token, expanding the token's utility for institutional investors in the US. Anchorage Digital, a chartered crypto bank in the United States, has launched custody and staking support for Starknet’s native token, STRK, seeking to address investors’ appetite for yield generation on digital assets. According to a Wednesday announcement, staked STRK currently yields an annual percentage rate (APR) of 7.28%. Anchorage, offering STRK custodian services since January, is expanding the token’s utility. “Anchorage Digital has a long-standing relationship with Starknet and now is opening the door to institutional custody and staking of STRK,” the company said in a statement. Read more

Build on Bitcoin raised $21 million to unlock native BTC DeFi with a new bridge, hybrid layer-2 infrastructure and institutional investor backing. Layer-2 blockchain network Build on Bitcoin (BOB) has raised $21 million in strategic funding rounds since December 2024, with $9.5 million secured in its latest round, according to a news release sent to Cointelegraph. Many existing investors have increased their financial commitments in the latest $9.5 million strategic round, including Castle Island, along with new strategic investors Anchorage, Amber Group and sats Ventures. Nic Carter, founding partner of Castle Island, told Cointelegraph why they have decided to double down on their investment: Read more

Ethena Labs has partnered with Anchorage Digital to launch a fully regulated version of its USDtb stablecoin within the United States, aligning with the newly enacted GENIUS Act, according to a July 24 statement. The collaboration marks a major milestone for Ethena as it transitions USDtb’s issuance to a domestically regulated GENIUS Act framework that […] The post Ethena taps Anchorage to navigate GENIUS Act compliance for USDtb stablecoin appeared first on CryptoSlate.

Nick van Eck, co-founder and CEO of Agora, behind one of the stablecoins Anchorage said it would phase out, claimed inaccuracies and an inconsistently applied framework. Anchorage Digital is drawing criticism from at least one stablecoin issuer after announcing plans to phase out support for three stablecoins, citing “regulatory expectations” and internal risk assessment. Nick van Eck, co-founder and CEO of Agora, criticized Anchorage’s move to remove support for stablecoins USDC (USDC), Agora USD (AUSD), and Usual USD (USD0) in a Thursday X post, claiming the decision was based on “easily verifiable and known factual inaccuracies.” He said that Anchorage failed to disclose its relationship with stablecoin issuer Paxos, which could potentially benefit from the phasing out of tokens issued by other platforms. Read more