Anchorage Digital Adds Support for Frgmnt’s fUSD as Stablecoin Protocol Targets Institutions
The integration will allow institutional clients to hold, mint, stake, unstake and redeem Frgmnt’s fUSD through Anchorage Digital’s platform.
Stablecoin protocol Frgmnt has partnered with Anchorage Digital to expand institutional access to its fUSD stablecoin and related yield-bearing asset sfUSD, giving funds, corporate treasuries and fintechs a way to interact with the protocol through established institutional custody infrastructure.
The integration will allow Anchorage Digital clients to hold, mint, stake, unstake and redeem fUSD without setting up a separate custody arrangement, according to an announcement shared with Hackernoon.
Frgmnt, which is built on Coinbase-incubated Ethereum layer-2 network Base, is positioning the partnership as part of a broader push to make decentralized finance infrastructure more accessible to institutional users.
Frgmnt CEO and co-founder Aurélien Roussel commented “Institutions should be able to access onchain financial products through infrastructure that meets their operational and custody requirements,”.
He added that “Our partnership with Anchorage...
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