Anchorage Digital has integrated Frgmnt's fUSD and sfUSD tokens, giving institutional clients direct access to mint, redeem, stake, and unstake these assets without leaving the regulated custody platform.
Frgmnt is a stablecoin protocol on Base that issues fUSD backed by USDC, with collateral deployed across onchain lending markets. Users who stake fUSD receive sfUSD, which generates yields from the protocol's strategies. As of Sept. 4, sfUSD staking paid 13.32 percent APR—a yield floor that fluctuates based on underlying lending market conditions.
The protocol operates under a capped, invite-only beta with roughly $100,000 in total value locked, according to DeFiLlama. Frgmnt plans to expand public access and raise its deposit cap on Sept. 15.
Anchorage Digital Bank is a U.S. federally chartered crypto bank regulated by the Office of the Comptroller of the Currency. In February, the company was valued at $4.2 billion after a $100 million investment from Tether. The firm has positioned itself as a regulated infrastructure layer for institutions seeking stablecoin exposure and staking services.
In January, Tether selected Anchorage Digital Bank to issue USAt, its U.S.-focused stablecoin designed to comply with the GENIUS Act federal framework for payment stablecoins. The partnership put Anchorage on the issuance side of the market, beyond its core custody business.
Anchorage has also moved deeper into payments infrastructure. In May, Mexico's Grupo Salinas partnered with Anchorage to run blockchain-based dollar transfers, cross-border settlement, and treasury operations through its Coinpro digital asset subsidiary.
Beyond stablecoins, Anchorage expanded institutional staking. In April, it integrated Marinade Finance for Solana staking strategies. In July, it added native TRX staking on the Tron network, broadening yield options for institutional clients holding assets within the regulated custody environment.
