The firm says the milestone demonstrates increased global demand for diversified fiat-backed digital assets and underscores market confidence in sterling-backed digital infrastructure
The collaboration aims to provide banks with a framework for managing both traditional fiat-based payments, along with GENIUS Act-compliant stablecoins, removing the need for them to build or maintain blockchain infrastructure
The collaboration intends to extend Stable Sea’s payout and settlement capabilities and address the reliance of cross-border payments on legacy infrastructure, along with its subsequent challenges
The solution, deployed by federally chartered Anchorage Digital Bank, aims to offer banks stablecoin minting and redemption, custody, fiat treasury management, and settlement in a single package
Built on the Hedera Network, the currency liquidity pool and prediction market are designed to enable swaps across over 150 digitised fiat currencies, and support enterprise cross-border payment management
The real-time cash settlement platform is built for digital asset companies, and aims to help them store and transfer US dollar in real time, distributing them on the Fiserv Deposit Network
The firm has embedded its infrastructure on the Fireblocks platform, allowing clients to manage their risk parameters and embed US dollar payment options
If approved, the firm will offer custody of digital assets, integrated with spot trading of crypto and fiat currencies, as well as staking of eligible custodied digital assets to institutional clients across the US
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