Frgmnt opens fUSD stablecoin to institutions via Anchorage Digital
- —Anchorage Digital clients can hold, issue, stake and redeem fUSD
- —fUSD is minted against USDC and deployed across onchain lending markets on Base
- —sfUSD yield was 13.32% annualized as of September 4
- —Frgmnt's TVL is roughly $100,000, with a public launch set for September 15
Why it matters: The tie-up with an OCC-supervised bank gives institutions access to a yield-bearing stablecoin, though the protocol remains tiny in scale.
Source: Coin Academy