U.S. Bank Partners with Anchorage Digital to Safeguard Stablecoin Reserves

Building Trust in Stablecoin Infrastructure

U.S. Bank is one of the world’s largest custodians, active in nearly 100 financial markets. Its clients include institutional investors, insurers, government agencies, and major financial firms. As of June 30, 2025, the bank’s corporate and institutional arm managed over $11.7 trillion in assets under custody and administration.

Stephen Philipson, Vice Chair of Corporate and Institutional Banking at U.S. Bank, said the institution’s stability and expertise in custody services provide “institutional-level confidence.” He added that this partnership can help speed up the rollout of regulated digital products by ensuring strong and transparent reserve management.

Anchorage’s payment stablecoins will fully comply with the GENIUS Act, which mandates one-to-one asset backing with highly liquid reserves, along with strict anti–money laundering and Bank Secrecy Act requirements. The goal: greater transparency and safety across the stablecoin ecosystem.

Meanwhile, traditional giants are moving into the same space. BNY Mellon already holds reserves for Circle’s USDC and Ripple’s RLUSD, and Citigroup is exploring a similar role. Step by step, major banks are weaving digital asset management into their core operations.

Anchorage’s Regulatory Vision

Under OCC supervision, Anchorage Digital Bank launched its stablecoin platform in July 2025 after the GENIUS Act came into force. The initiative aligns with its mission to deliver consumer-focused digital currencies that operate fully within the U.S. regulatory framework.

Anchorage co-founder and CEO Nathan McCauley said the GENIUS Act “laid the groundwork for payment stablecoins to scale responsibly under federal oversight.” He stressed that Anchorage aims to issue stablecoins that meet the highest regulatory standards while providing real value to institutional users.

“As digital assets evolve, collaboration with established financial institutions becomes essential,” McCauley noted. “Partnering with U.S. Bank shows how traditional and digital finance are finally aligning.”

Bridging Traditional Banking and Digital Assets

The alliance between U.S. Bank and Anchorage Digital marks a tangible step toward blending traditional banking with the digital asset economy. It shows that regulated banks are becoming central players in building a transparent, trusted infrastructure for stablecoins.

By joining forces, U.S. Bank cements its position among the leading custodians of dollar-backed stablecoins — a sign that the market is moving toward institutional-grade protection of digital assets. Anchorage’s full federal compliance further strengthens investor confidence and ensures smooth, secure operations in a tightly regulated environment.