Anchorage Digital Partners with Frgmnt for Institutional Stablecoin Access
- Anchorage Digital has partnered with stablecoin protocol Frgmnt to provide institutional access to fUSD and sfUSD tokens.
- The integration allows institutions to hold, mint, redeem, stake, and unstake fUSD without separate custody arrangements.
- Frgmnt issues fUSD against USDC, with a total value locked of approximately $100,000 as per DeFiLlama data.
- As of September 4, sfUSD was yielding an annual percentage rate (APR) of 13.32%, subject to market conditions.
- Frgmnt plans to open public access and raise its deposit cap on September 15.
This partnership enhances Anchorage Digital’s role as a regulated gateway for institutions seeking access to stablecoins and staking services while expanding the use of blockchain in financial products.
With this collaboration, institutions can now leverage fUSD for various financial activities while benefiting from competitive yields like the reported APR of over thirteen percent.(Source)
