Anchorage Digital Bank announced the introduction of global USD wire transfers, positioning itself as a leader among crypto-native institutions in the sector. As the only federally chartered crypto bank in the United States, Anchorage now offers a federally regulated platform that allows clients to manage both cash and crypto.

Anchorage Digital Unveils Dual Currency Feature

With this new feature, clients can hold, send, and receive both USD and cryptocurrency, eliminating the operational complexities that have traditionally plagued the management of these asset classes. Nathan McCauley, CEO of Anchorage Digital, articulated the bank’s vision: 

We’re eliminating the operational complexity of managing both cash and crypto. Our clients can now consolidate assets with a single, federally regulated banking partner and move funds efficiently across both. We believe the future of finance will be built on crypto rails, and we’re giving institutions the flexibility to operate this way.

Anchorage Digital now enables clients to consolidate their holdings, convert between USD and cryptocurrencies through its trading desk, and earn rewards on eligible stablecoins, ensuring that cash does not remain idle.

The new service also opens up reliable USD banking options for crypto startups and innovators. Furthermore, international institutions will benefit from simplified USD flows into the US, reducing currency risk and operational overhead by partnering with a single regulated entity. 

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Author: Ronaldo Marquez