Anchorage Digital Opens Frgmnt Stablecoins to Institutional Clients
Anchorage Digital has partnered with Frgmnt to grant institutional clients access to its fUSD and sfUSD tokens through Anchorage's custody platform. The integration will enable 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 backing deployed across on-chain lending markets. Users can stake fUSD for sfUSD to earn rewards generated by the protocol's underlying strategies.
The partnership adds to Anchorage Digital's growing role as a regulated gateway for institutions seeking access to stablecoins, staking, and other on-chain financial products. Tether tapped Anchorage Digital Bank in January to issue USAt, its US-focused stablecoin designed to operate under the GENIUS Act.