Anchorage CEO Says Up to 20 Companies Are Preparing Stablecoin Launches
Summary
- Anchorage Digital said it is preparing stablecoin launches with multiple financial institutions and big tech companies.
- Chief Executive Officer Nathan McCauley said Anchorage has won most major stablecoin issuance projects since passage of the GENIUS Act.
- The market is watching whether clearer regulation will accelerate financial institutions' and big tech companies' entry into the stablecoin market.
Forecast Trend Report by Period
Anchorage Digital is working with multiple financial institutions and big tech companies on stablecoin launches, signaling intensifying competition in the corporate stablecoin market.
CoinDesk reported on May 7 that Anchorage Digital Chief Executive Officer Nathan McCauley said at Consensus 2026 that about 12 to 20 institutions and large technology companies are currently preparing to issue stablecoins with the firm.
McCauley said Anchorage has won most major stablecoin issuance projects since passage of the GENIUS Act, which regulates stablecoins.
He added that banks are also interested in issuing stablecoins for specific financial purposes.
Existing stablecoin providers are also moving to expand their own distribution channels, the report said.
The market is focused on whether regulatory clarity will spur financial institutions and big tech companies to enter the stablecoin market in earnest. The scale of issuance and real-world use cases are expected to be key variables.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
