Anchorage Digital Steps Back from Leading Role in USDG Stablecoin Alliance on May 12

According to BlockBeats, Anchorage Digital, the U.S. federal-chartered crypto bank, on May 12 reduced its leading role in the Global Dollar (USDG) stablecoin alliance, shifting toward a more neutral strategy. CEO Nathan McCauley stated the company will adopt a higher degree of neutrality in stablecoin issuance to avoid favoring any single stablecoin, as it expands its white-label issuance and custody platform business. With approximately 20 potential partners seeking to issue stablecoins through Anchorage, the company reassessed its incentive structures and alignment of interests.

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