The Intersection of Stablecoins, Crypto and Banking with Nathan McCauley of Anchorage
“What America should want — and what crypto should want — is 5,000 banks interacting with digital assets. This industry was never meant to centralize onto one entity; it works best when there’s a wide variety of institutions participating.”
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Nathan McCauley is the Co-Founder and CEO of Anchorage, a federally chartered digital asset bank and infrastructure platform serving institutions across custody, trading, staking and stablecoin issuance. Anchorage operates at the core of the institutional digital asset stack, combining crypto-native technology with federal regulatory oversight.
Nathan founded Anchorage in 2017 with the conviction that digital assets would ultimately be adopted by traditional financial institutions — but only if the underlying infrastructure met the highest standards for security, compliance, and usability. Under his leadership, Anchorage became the first federally chartered digital asset bank in the U.S., regulated by the Office of the Comptroller of the Currency (OCC).
In February 2026, Anchorage announced a $100 million strategic investment from Tether, a key partner and the sponsor of USAT, a regulated U.S. stablecoin, underscoring the firm’s role as a foundational infrastructure partner in the evolving stablecoin ecosystem. This partnership strengthens Anchorage’s position at the intersection of global distribution and institutional adoption.
Today, Anchorage supports a broad range of institutional clients, including banks, asset managers, fintechs, public companies, and stablecoin issuers. The platform enables institutions to interact with digital assets while meeting regulatory requirements and plays a central role in the growing adoption of stablecoins, tokenized assets, and on-chain financial infrastructure.
Please enjoy the following insights from Nathan McCauley of Anchorage.
Tether’s $100M Bet on Regulated Stablecoins
Nathan explains why Tether’s $100M strategic investment — structured as an employee tender offer — reflects long-term conviction about regulated stablecoin infrastructure. With USAT issued under an OCC-regulated framework, the partnership combines Tether’s global distribution with Anchorage's U.S. regulatory stack.
🎬 Watch: Why Tether Went All-In on Regulated Stablecoins
youtube.com/shorts/ahA9T4Rjg1Q
Market Structure Is the Real Unlock for Institutional Crypto
Nathan explains why legislation like GENIUS and CLARITY matter far more than short-term market cycles. Stablecoin laws accelerate dollar dominance, while broader market structure rules unlock bank participation, tokenized securities, and institutional-scale adoption across the financial system.
🎬 Watch: Why Regulation Is Accelerating Crypto Adoption
youtube.com/shorts/WImjHf_wZsQ?feature=share
Crypto Needs 5,000 Banks — Not One Winner
Nathan argues that the future of digital assets depends on plurality, not monopolies. Rather than one dominant player, crypto infrastructure must support thousands of banks, issuers, and institutions — each integrating stablecoins, custody, and tokenized assets in their own way. Anchorage’s role, he says, is to be infrastructure that enables that ecosystem to scale.
🎬 Watch: Why Crypto’s Future Depends on Institutional Diversity
youtube.com/shorts/PL4hr2tfBGU
Why Anchorage Built a Bank, Not Just a Custodian
Nathan walks through Anchorage’s origin story and why combining deep crypto-native technology with federal regulation was always the core thesis. By securing an OCC charter early, Anchorage built both the technical and regulatory infrastructure institutions need to safely interact with digital assets — years before the rest of the market was ready.
🎬 Watch: How Anchorage Became the Institutional Backbone of Crypto
youtube.com/shorts/i6Tc6mhvQNI
🎬 Watch the Full Episode
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