The stablecoin queue: 20 banks and tech giants are waiting to issue tokens with Anchorage Digital

Since the Genius Act passed, Anchorage has won every single large stablecoin issuance mandate across the landscape, according to the firm’s CEO Nathan McCauley.

What to know:

• Anchorage was the U.S' first federally chartered crypto bank.
• Partnerships like the recent one with stablecoin issuance protocol M0 is helping Anchorage meet demand.
• The firm also launched AI-based “Agentic Bank” this week.

As many as 20 financial institutions and large tech companies are in a queue to issue their own stablecoins with Anchorage Digital, the U.S.-regulated cryptocurrency custody firm’s CEO Nathan McCauley said at Consensus Miami 2026 on Thursday.

“Since the Genius Act passed, Anchorage has won every single large stablecoin issuance mandate across the landscape,” McCauley said. “We have really a dozen to maybe even as many as 20 institutional issuers or large tech company issuers who are going to come in and issue their stablecoin with us."

“The kind of inbounds we see are banks that want to achieve a very specific objective, stablecoin issuers who are saying, ‘Hey, I've got a distribution channel where I can put my stablecoin to good use,’” he added.

Anchorage was the U.S' first federally chartered crypto bank, so it’s not surprising the firm is now reaping the benefits of an incipient regulatory framework in the States.

In order to better meet that demand, Anchorage, last month, announced a partnership with M0, a technology provider that allows global institutions to mint fully configurable stablecoins, which also works with the likes of Stripe, Moonpay and MetaMask.

Another significant announcement for Anchorage was AI-based “Agentic Banking,” a way for AI agents to transact and manage funds, in partnering with Google Cloud infrastructure.

McCauley described agentic commerce as “an entire reimagining of the landscape.”

“We’ve got that happening with AI agents, and at the same time we are seeing a fundamental replatforming of money itself via stable coins and digital assets. We're here at this conference, and it’s the main thing we're talking about. But I still think it's vastly underestimated.”

More For You

At the current pace of purchases, Lee said his Ethereum treasury giant would reach its 5% ether accumulation goal in six weeks, then shift its focus to staking and share buybacks.

What to know:

• Tom Lee said Bitmine may slow its ETH purchases as it nears its 5% supply target.
• The firm has recently been acquiring about 100,000 ETH per week and could hit its 5% goal within six weeks.
• Lee's remarks come as Strategy, the largest corporate bitcoin holder, signaled it may sell...

Bitmine to slow down ether purchases as it nears accumulation goal, Tom Lee says

4 minutes ago

'DeFi is not dead,' it’s going mainstream with AI agents, crypto executives agree

16 minutes ago

Donald Trump Jr. denies rumors World Liberty Financial is falling apart

17 minutes ago

Amazon’s new AI wallet: AWS, Coinbase, and Stripe build payment rails for bots

1 hour ago

Bitcoin ending May above $76,000 would confirm new bull market, Tom Lee says

1 hour ago

The great derivatives disconnect: Why 'negative' funding is actually a bullish signal for Bitcoin

2 hours ago

Aave to overhaul collateral and listing standards after KelpDAO exploit

3 hours ago

Consensus Miami Day 3: Real-time coverage and highlights from on the ground

5 hours ago

Bitcoin treasury firms outline $3 trillion opportunity in BTC-backed digital credit at Consensus

5 hours ago

Bitcoin tests Bollinger Bands breakout as creator flips bullish on BTC

4 hours ago

Safety first: Why Adam Back says Bitcoin is winning the 'DeFi security war'

7 hours ago

Dogecoin slides 4%, bitcoin rally pauses as Iran ceasefire optimism lifts equities

13 hours ago