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According to a report by Bloomberg on September 25, Deep Tide TechFlow news states that Anchorage Digital Bank NA, a cryptocurrency-native institution with a federal banking license in the United States, plans to double the size of its stablecoin team within the next year.
The bank's CEO Nathan McCauley revealed in an interview that the Anchorage stablecoin team, located in Sioux Falls, South Dakota, currently has about 20 people. Due to the booming digital dollar market and new legislation, the demand for related talent and products has surged.
Anchorage's federal license enables it to issue large stablecoins in the United States under the "Genius Act" law that took effect in July this year.