Anchorage Digital Brings Frgmnt Stablecoin Access to Institutional Clients

Anchorage Digital has partnered with stablecoin protocol Frgmnt to provide institutional clients with access to its fUSD and sfUSD tokens through Anchorage's custody platform.

The integration will allow institutions to hold, mint, redeem, stake, and unstake fUSD without setting up a separate custody arrangement.

Frgmnt is a stablecoin protocol built on Base that issues fUSD against USDC, with the backing deployed across onchain lending markets. Users can stake fUSD for sfUSD to earn rewards generated by the protocol's underlying strategies.

The protocol has about $100,000 in total value locked, according to DeFiLlama data, while operating under a capped, invite-only beta. Frgmnt plans to open public access and raise its deposit cap on September 15.