Anchorage CEO says up to 20 firms preparing to issue stablecoins

Nathan McCauley, CEO of crypto custody and banking firm Anchorage Digital, has revealed that numerous financial institutions and major tech companies are preparing to issue their own stablecoins, CoinDesk reported. Speaking at the Consensus conference in Miami, McCauley stated that Anchorage has secured most of the major stablecoin issuance projects following the passage of the stablecoin regulation bill (GENIUS Act). He added that between 12 and 20 institutions and large tech firms are currently working with the company to launch their own stablecoins. McCauley also noted that banks are showing interest in issuing stablecoins to achieve specific financial objectives, while existing stablecoin operators are looking to expand their distribution channels.