Anchorage Steps Back From Robinhood and Kraken-Backed USDG Stablecoin Consortium
Anchorage Digital, the first federally chartered crypto bank in the United States, is dialing back its prominent role inside the Global Dollar (USDG) stablecoin consortium that counts Robinhood, Kraken, Galaxy Digital, OKX, Visa, Worldpay and Bullish among its members. Chief executive Nathan McCauley said the firm will adopt a posture of “increased neutrality” rather than actively promoting a single token. USDG, issued by Paxos Digital Singapore under Monetary Authority of Singapore supervision, carries a circulating supply of roughly $3 billion. Anchorage remains a consortium participant, but with as many as 20 banks and tech firms exploring white-label stablecoin issuance through its rails, the custodian is recalibrating incentives to avoid favoring any one issuer. Macro investor and former hedge fund manager Jordi Visser disclosed a fresh Ether position, framing the trade as a bet on tokenization and autonomous AI agent payments. Visser argued that AI agents lack access to bank accounts and traditional credit, leaving stablecoins and Ether as their natural settlement layer. Autonomous online payments have already cleared more than $24 million on the Coinbase x402 standard over the past month, while the Algorand Foundation partnered with Google on the AP2 Agentic Payments Protocol. Ethereum commands more than 60% of tokenized