Anchorage Expands Stablecoin Team for USAT Launch

Anchorage stablecoin team will expand fast as the bank gears up for the launch of USAT with Tether. Anchorage Digital Bank, a federally chartered crypto bank, plans to more than double its 20-person stablecoin unit within a year. The move comes as demand for crypto dollars surges and new U.S. laws clear the path for large-scale stablecoins.

Regulations open the door

CEO Nathan McCauley linked the hiring to the Genius Act, a federal law passed in July. The law splits stablecoin rules between state and federal regulators. Coins under $10 billion stay with state rules, while bigger ones register at the federal level. Because Anchorage has a federal license, it can issue USAT at national scale.

This timing matters. Stablecoin use is growing fast. Data from DeFiLlama shows the market near $300 billion.

Partnership with Tether

Anchorage will create USAT with Tether, the issuer of USDT. USAT will use Tether’s Hadron tokenization tech, while Cantor Fitzgerald LP will manage reserves. Nathan said the partnership began last year, as lawmakers drafted the Genius Act. The new coin will go live by year-end.

Anchorage stablecoin team growth is vital here. The unit will handle compliance, legal work, and business growth. Distribution will begin with Rumble Inc., a Tether-backed video platform. Later, Anchorage will target big institutions for adoption.

Growing demand for talent

The hiring race goes beyond Anchorage. Other crypto firms, banks, and even AI companies want the same talent. Marieke Flament, a former Circle executive, said she gets calls every week for stablecoin roles. As a result, salaries are climbing. Stablecoin jobs now pay on par with senior banking roles.

At the same time, the xAI boom pulls developers away from crypto. Firms compete with token bonuses, high pay, and perks. Thus, Anchorage faces pressure not only from crypto rivals but also from fast-growing AI firms.

What lies ahead

Anchorage’s push shows how stablecoins move from niche to mainstream. By joining with Tether, it gains scale and trust. By hiring early, it gains speed. The USAT launch will test if regulated stablecoins can meet rising demand. With demand exploding, Anchorage wants to lead the next phase of digital money.

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