Anchorage Digital Expands Support for Solana Ecosystem as USDG Goes Multi-Chain
.png)
As an initial partner in the Global Dollar Network, Anchorage Digital is pleased to add support for USDG on Solana, as the stablecoin goes multi-chain after launching on Ethereum. USDG represents a new vision for stablecoins—one that powers seamless global transfers and a new economic model of reward-sharing. Now on Solana, it will take advantage of the underlying tech stack to support use cases such as fast, low-cost payments.
We’re excited to support the multi-chain growth of USDG and the Solana ecosystem. Institutions looking to access USDG on Solana can do so from the Anchorage Digital platform.
A new vision for stablecoins
USDG is a dollar-backed stablecoin that powers 24/7 transfers. It is supported by the Global Dollar Network, an alliance of leaders in digital assets and fintech dedicated to the adoption of safe and trusted stablecoins like USDG.
USDG introduces a new economic model for stablecoins: rewards are shared among network participants to promote growth and innovation across the ecosystem.
As an initial partner of the Global Dollar Network, Anchorage Digital supports the adoption of USDG through a range of institutional-grade solutions, from minting and burning to custody, settlement, trading, and stablecoin rewards.
"We believe that USDG is positioned to be the default global stablecoin. It not only offers reliable financial rails, but a new paradigm for how value is created and distributed across the ecosystem. We're proud to enable its multi-chain growth, and to offer a reliable solution for institutions looking to get access to USDG on Solana." — Nathan McCauley, CEO, Anchorage Digital
An institutional solution for USDG on Solana
As USDG goes multi-chain for the first time, institutions can access USDG on Solana through Anchorage Digital’s secure solutions.
- Mint and burn USDG on Solana
- Access custody for USDG on Solana through Anchorage Digital Bank, Anchorage Digital Singapore, or our institutional wallet, Porto by Anchorage Digital.
- Manage seamless settlement via Atlas
- Receive stablecoin rewards for holding USDG through Anchorage Digital
Expanding Anchorage Digital’s support for the Solana ecosystem
Beyond USDG, institutions can access native SOL and SPL tokens through Anchorage Digital.
SPL tokens power diverse use cases across the Solana ecosystem, from onramps to decentralized finance, governance, payments, and more. We look forward to expanding our support for the Solana ecosystem as new SPL tokens emerge, new use cases are unlocked, and institutional demand grows.
If you are interested in participating in the Solana ecosystem or getting access to USDG on Solana, please get in touch.
Press Contacts: Anchorage Digital - press@anchorage.com
About Anchorage Digital
Anchorage Digital is a global crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, which is licensed by the Monetary Authority of Singapore; Anchorage Digital New York, which holds a BitLicense from the New York Department of Financial Services; and self-custody wallet Porto by Anchorage Digital. The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.
This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.
Anchorage Digital Bank National Association offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian.
.png)
.webp)
