Overview
- Under the partnership, institutional clients using Anchorage Digital can mint fUSD, hold it in custody, stake fUSD to receive sfUSD, unstake sfUSD, and redeem fUSD without setting up a separate custody arrangement.
- Frgmnt mints fUSD against native USDC on Base and deploys that USDC into selected onchain lending markets so staking rewards for sfUSD come from those deployed strategies.
- Anchorage Digital provides the custody and operational environment through its regulated units including Anchorage Digital Bank N.A., which gives institutions federal-charter custody, settlement, staking and reporting controls.
- Frgmnt said it will open a capped deposit wave in September to control inflows as it scales, a step that limits new deposits while the protocol expands institutional access through partners like Anchorage.
- The deal follows Anchorage’s recent push into stablecoin services and integrations with other protocols and issuers, and it signals growing demand from funds, treasuries and fintechs for regulated onchain yield access.