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CoinVoice has recently learned that, according to Bloomberg, the licensed crypto bank Anchorage Digital plans to double the size of its stablecoin team within the next year. Anchorage CEO Nathan McCauley stated that the bank's stablecoin team currently consists of about 20 people. The federal license held by Anchorage allows it to issue large amounts of stablecoins in the United States under the Genius Act.
Earlier this month, Anchorage and Tether planned to cooperate to launch a compliant new type of digital dollar USAT, with Anchorage serving as the legal issuer and Cantor Fitzgerald LP responsible for the reserve asset supervision.