Introduction

Overview

fUSD is a fully reserved stablecoin issued by Anchorage Digital Bank, National Association, and built in readiness for the federal stablecoin framework established by the GENIUS Act.

fUSD is designed for institutional use, mainly in treasury management, trading collateral, position coverage, and settlement among regulated counterparties. It is issued in partnership with Falcon Finance, which serves as a partner and primary distribution channel.

Issuer

fUSD is issued by Anchorage Digital Bank, N.A., a global crypto platform that enables institutions to participate in digital assets through trading, staking, custody, governance, settlement, stablecoin issuance, and the industry’s leading security infrastructure. As issuer, Anchorage Digital Bank is responsible for the custody and segregation of fUSD reserves, the minting and redemption of fUSD against U.S. dollar deposits, and the regulatory reporting required of a federally supervised stablecoin issuer.