U.s. bank selected to provide custody services for reserves backing payment stablecoins from anchorage digital bank

Minneapolis--(business wire)--u.s. bank announced today that it has been selected to serve as the custodian for reserves backing anchorage digital bank's payment stablecoins. anchorage digital bank is the only crypto-native bank in the u.s. to hold a federal charter, operating under the direct oversight of the office of the comptroller of the currency (occ). u.s. bank is one of the nation's largest global custodians – with capabilities that extend into nearly 100 financial markets around the wo.
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