Anchorage Digital’s Comment Letter on OCC’s NPRM for GENIUS Act
As America’s first federally regulated stablecoin issuer, Anchorage Digital Bank (ADB) is proud to share its comment letter responding to the U.S. Office of the Comptroller of the Currency’s notice of proposed rulemaking, Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act (the “GENIUS Act”) for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the Office of the Comptroller of the Currency. Currently, ADB issues three stablecoins for its brand partners, which include Tether for USAT, OSL Group for USDGO, and Ethena for USDtb. ADB expects to begin issuing a fourth stablecoin, UDSPT, with its brand partner Western Union, in the near future. Additionally, ADB expects to become a permitted payment stablecoin issuer (“PPSI”) pursuant GENIUS Act, once effective.
Anchorage Digital’s Comment Letter on OCC’s NPRM for GENIUS Act
About Anchorage Digital
Anchorage Digital is a global crypto platform that enables institutions to participate in digital assets through trading, staking, custody, governance, settlement, stablecoin issuance, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the first federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, which is licensed by the Monetary Authority of Singapore; Anchorage Digital NY, which holds a BitLicense from the New York Department of Financial Services; and self-custody wallet Porto by Anchorage Digital. Anchorage Digital Bank also offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian. Anchorage Digital is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with a valuation of $4.2 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.
This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.
Anchorage Digital Bank National Association offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian.
