Overview
- Anchorage Digital, which outlined the change Monday, said it will reduce its front‑line role in the Global Dollar (USDG) group and adopt greater neutrality on stablecoins, the crypto tokens that track the U.S. dollar.
- CEO Nathan McCauley said the bank will remain in the alliance and support USDG’s success while stepping back to meet federal bank charter duties and avoid favoring one coin.
- The bank says about 20 partners are exploring launching their own dollar tokens on Anchorage’s white‑label platform, which it is scaling through an April partnership with issuance provider M0.
- USDG continues to be issued by Paxos Digital Singapore under Monetary Authority of Singapore oversight, with a reported circulating supply of about $3 billion.
- The recalibration points to a stablecoin market where many brands compete across platforms, with little immediate change for users holding or using USDG today.