Anchorage CEO Says Up to 20 Firms Are Preparing Stablecoin Launches
Summary
- Anchorage Digital said it is preparing stablecoin issuance with multiple financial institutions and big tech companies.
- McCauley said the firm has won most major stablecoin issuance projects since passage of the GENIUS Act.
- The market is watching for a broader entry into the stablecoin market by financial institutions and big tech companies after regulatory clarity improved.
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 market for corporate stablecoins.
CoinDesk reported on May 7 that Anchorage Digital Chief Executive Officer Nathan McCauley said at Consensus 2026 that about 12 to 20 institutions and major technology companies are currently working with the firm to prepare stablecoin issuance.
McCauley said Anchorage has won most of the major issuance projects since passage of the GENIUS Act, which governs stablecoin regulation.
He added that banks are also interested in issuing stablecoins for specific financial purposes.
Existing stablecoin issuers are also pushing to expand their own distribution channels, the report said.
The market is focused on whether clearer regulation will spur a broader entry into the stablecoin sector by financial institutions and big tech companies. The scale of future issuance and real-world use cases are likely to be key variables.
JH Kim
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