Anchorage Digital Brings Institutional Access to Frgmnt's Stablecoin Protocol

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.

As of September 4, sfUSD was generating 13.32% APR, although yields vary with conditions in the underlying lending markets.

Anchorage Digital Bank is a US federally chartered crypto bank regulated by the Office of the Comptroller of the Currency and operates as part of the broader Anchorage Digital platform.

This partnership adds to Anchorage's growing role as a regulated gateway for institutions seeking access to stablecoins, staking, and other onchain financial products.