Stablecoins Race: 20 Banks and Tech Giants Set to Issue Tokens
The stablecoin queue: 20 banks and tech giants are waiting to issue tokens with Anchorage Digital
Anchorage Digital has a growing list of would-be stablecoin issuers, with roughly 20 banks and technology companies waiting to launch tokenized dollars through the firm, according to the information provided.
The development highlights how stablecoins—cryptocurrencies designed to hold a steady value, typically by tracking the U.S. dollar—are becoming a product that large financial institutions and major consumer-facing platforms increasingly want to offer. Instead of building the full technical and compliance stack in-house, these companies appear to be looking to Anchorage Digital as an infrastructure partner.
Anchorage Digital is positioned as a regulated crypto platform that can support issuance and custody-related functions. For prospective issuers, partnering with an established provider can simplify the operational demands of creating and maintaining a stablecoin, particularly around secure key management and institutional-grade controls.
The broader context is a stablecoin market that has shifted from a niche crypto tool toward a mainstream payment and settlement layer used across exchanges, decentralized finance, and cross-border transfers. As adoption has expanded, so have expectations around compliance, governance, and the reliability of the entities behind these tokens.
While the identities of the companies in the queue and any launch timelines were not included in the provided information, the reported backlog itself underscores an important trend: stablecoin issuance is increasingly viewed as a strategic financial product for organizations beyond native crypto companies.
