Anchorage Digital launches stablecoin service for correspondent banking

Crypto bank Anchorage Digital has launched Stablecoin Solutions, a new service that uses stablecoins for correspondent banking, CoinDesk reported. The service aims to replace complex and costly traditional correspondent banking relationships with an on-chain settlement system based on stablecoins. Anchorage plans to offer the service under its federal charter from the U.S. Office of the Comptroller of the Currency (OCC) and within the GENIUS regulatory framework for stablecoins.