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Anchorage Digital Steps Back from Leading Role in USDG Stablecoin Alliance on May 12

GateNews

Partnerships & Ecosystem

2026-05-11 16:37:39

According to BlockBeats, Anchorage Digital, the U.S. federal-chartered crypto bank, on May 12 reduced its leading role in the Global Dollar (USDG) stablecoin alliance, shifting toward a more neutral strategy. CEO Nathan McCauley stated the company will adopt a higher degree of neutrality in stablecoin issuance to avoid favoring any single stablecoin, as it expands its white-label issuance and custody platform business. With approximately 20 potential partners seeking to issue stablecoins through Anchorage, the company reassessed its incentive structures and alignment of interests.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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