Anchorage Digital expands Frgmnt fUSD access to institutional clients
Anchorage Digital integrates stablecoin protocol Frgmnt, enabling institutions to hold and stake fUSD through its custody platform. The protocol offers an APR of 13.32% as of early September.
Anchorage Digital announced a partnership with the stablecoin protocol Frgmnt, granting institutional clients access to fUSD and sfUSD tokens via its custody infrastructure. This integration allows firms to mint, redeem, stake, and unstake fUSD without establishing separate custody arrangements. The protocol issues fUSD backed by USDC, with reserves deployed across onchain lending markets. Users can stake fUSD to earn sfUSD rewards generated by the protocol's underlying strategies. As of September 4, Frgmnt reported sfUSD yielding 13.32% APR, though yields fluctuate based on market conditions. Currently valued at approximately $100,000 in total value locked per DeFiLlama data, the platform operates under a capped, invite-only beta model. Frgmnt plans to transition to public access and increase deposit limits starting September 15. Anchorage Digital Bank is a federally chartered crypto bank regulated by the Office of the Comptroller of the Currency. The broader Anchorage Digital platform was valued at $4.2 billion in February following a $100 million investment from Tether.