20 Banks & Tech Giants Line Up for Stablecoin Glory!

by

Finance

What to Know: (Spoiler: It’s All About the Coins)

  • Anchorage was the U.S’ first federally chartered crypto bank. Because nothing says “trust us” like being the first to do something that’s probably illegal.
  • Partnerships like the recent one with stablecoin issuance protocol M0 are helping Anchorage meet demand. Or, as the rest of the world would call it, “keeping up with the Joneses of the digital age.”
  • The firm also launched AI-based “Agentic Bank” this week. Because who needs human oversight when you can let a machine decide your fate?

As many as 20 financial institutions and large tech companies are in a queue to issue their own stablecoins with Anchorage Digital, the U.S.-regulated cryptocurrency custody firm’s CEO Nathan McCauley said at Consensus Miami 2026 on Thursday. Presumably, they’re all hoping their stablecoin will be less stable than a politician’s promise.

“Since the Genius Act passed, Anchorage has won every single large stablecoin issuance mandate across the landscape,” McCauley said. “We have really a dozen to maybe even as many as 20 institutional issuers or large tech company issuers who are going to come in and issue their stablecoin with us.” Ah yes, the Genius Act-because nothing says “regulation” like a name that sounds like it was written by a toddler with a dictionary.

“The kind of inbounds we see are banks that want to achieve a very specific objective, stablecoin issuers who are saying, ‘Hey, I’ve got a distribution channel where I can put my stablecoin to good use,’” he added. Which, if you think about it, is the same thing every business says. Except with more jargon and fewer actual plans.

Anchorage was the U.S’ first federally chartered crypto bank, so it’s not surprising the firm is now reaping the benefits of an incipient regulatory framework in the States. Because nothing says “innovation” like being the first to jump into a regulatory minefield.

In order to better meet that demand, Anchorage, last month, announced a partnership with M0, a technology provider that allows global institutions to mint fully configurable stablecoins, which also works with the likes of Stripe, Moonpay and MetaMask. Because if you can’t trust a crypto wallet, who can you trust? Your pet iguana?

Another significant announcement for Anchorage was AI-based “Agentic Banking,” a way for AI agents to transact and manage funds, in partnering with Google Cloud infrastructure. Because nothing says “trust me” like letting a machine handle your money while Google watches.

McCauley described agentic commerce as “an entire reimagining of the landscape.” Which, if you ask me, is just a fancy way of saying “we’re all out of ideas and need to invent something new.”

“We’ve got that happening with AI agents, and at the same time we are seeing a fundamental replatforming of money itself via stable coins and digital assets. We’re here at this conference, and it’s the main thing we’re talking about. But I still think it’s vastly underestimated.” Ah, yes. Because nothing says “underestimated” like a conference full of people who think they’re smarter than the rest of us.

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2026-05-07 19:50