According to a report by crypto.news, Techub News, Anchorage Digital, the first federally chartered crypto bank in the US, is withdrawing from its leadership position in the Global Dollar (USDG) stablecoin consortium. The bank stated that it needs to remain neutral to avoid conflicts of interest as approximately 20 potential partners explore issuing stablecoins through its platform. USDG remains issued by Paxos Singapore and regulated by the Monetary Authority of Singapore, with a circulating supply of approximately $3 billion. This adjustment marks a shift in the stablecoin consortium towards a multi-issuer model, with members such as Robinhood and Kraken continuing to integrate the token.
Anchorage Digital withdraws from USDG alliance leadership.
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