Anchorage Digital opens institutional access to Frgmnt’s fUSD and sfUSD

Frgmnt has partnered with Anchorage Digital to give institutional clients access to its fUSD stablecoin and sfUSD staking product through Anchorage’s existing custody infrastructure. Summary Frgmnt has partnered with Anchorage Digital to give institutional clients access to fUSD and sfUSD through its custody infrastructure. Institutions will be able to hold, mint, stake, unstake and redeem fUSD without establishing a separate custody arrangement. fUSD is minted against USDC, with its backing deployed across selected onchain lending markets to generate rewards for sfUSD holders. Frgmnt said its next capped deposit wave is scheduled to open in September. In a press release shared with crypto.news, Frgmnt said institutions will be able to hold, mint, stake, unstake and redeem fUSD through Anchorage Digital, allowing clients to use the stablecoin without setting up a separate custody arrangement. The integration covers both fUSD and sfUSD, two assets operated by Frgmnt on Base. fUSD is minted against USDC, while holders can stake the token to receive sfUSD and earn rewards generated by the protocol’s underlying strategies. “Institutions should be able to access onchain financial produc...