Anchorage is stepping back from Robinhood and Kraken-backed stablecoin group
Anchorage Digital, the first federally chartered crypto bank in the United States, said it will give way to a global U.S. dollar stablecoin (USDG) alliance that includes Robinhood and Kraken. USDG has a circulating supply of approximately US$3 billion, is issued by Paxos Digital Singapore, and is regulated by the Monetary Authority of Singapore. Other…