Anchorage Digital, the only federally chartered crypto bank in the United States, has partnered with Frgmnt to bring the startup’s fUSD stablecoin inside its institutional custody platform. Eligible clients can now hold, mint, redeem, and stake fUSD without touching a separate wallet infrastructure.
The integration was announced on September 11, 2026, and represents one of the more concrete examples of a regulated bank wrapping DeFi yield mechanics inside a compliance-friendly shell.
What fUSD actually does
fUSD is minted on a 1:1 basis against USDC, so the peg math is straightforward. The more interesting part is what happens to the collateral: Frgmnt deploys it to on-chain lending markets including Aave and Morpho, two of the more battle-tested protocols in decentralized lending.
Stakers get access to sfUSD, the yield-bearing version of the token, which passes along rewards from those lending markets net of a 20% performance fee kept by the protocol.
