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Anchorage Digital scales back front-line role in USDG consortium to strengthen stablecoin neutrality

Anchorage Digital, the first federally chartered crypto bank in the digital asset sector, is scaling back its front-line role in the USDG stablecoin consortium that includes Robinhood and Kraken, while maintaining membership. Co-founder and CEO Nathan McCauley (네이선 맥컬리) said the company will continue to support USDG but take a more neutral stance rather than promote a single stablecoin. The shift follows changes in its business structure, including discussions with banks and tech firms on stablecoin issuance and a partnership with M0.

Crypto

Tether-backed Orbit expands cryptocurrency payments platform to Colombia

Orbit has launched a cryptocurrency payments platform in Colombia as it expands its business in Latin America. Cointelegraph reported that Colombia is Orbit\'s ninth market and a regional expansion base following Brazil, Argentina and Chile. The company said Latin American users are using digital assets for groceries, restaurants and other everyday spending. Chainalysis data showed the Colombian peso ranked second globally by the share of stablecoin purchases on centralised exchanges by currency.