Tag: Anchorage

Quick Breakdown:  Ethena has submitted a proposal to issue USDH, Hyperliquid's native stablecoin, backed by Anchorage and BlackRock’s BUIDL fund.  The plan emphasizes institutional credibility, community revenue sharing, and a guardian validator network for security.  Ethena commits $75 million to ecosystem incentives, aiming to scale USDH safely across Hyperliquid’s markets. ...

Crypto-native bank Anchorage Digital is deepening its footprint in the stablecoin sector by acquiring Mountain Protocol, a Bermuda-regulated stablecoin issuer. The deal, which awaits regulatory approval and customary closing conditions, will see Anchorage absorb Mountain Protocol’s team, technology stack, and licensing framework. Anchorage, the only federally chartered digital asset bank ...