Anchorage Digital now offers frgmnt's fUSD stablecoin to institutional clients, backed by USDC on Base and deployed in DeFi.
DeFi & Yields ·
Anchorage Digital has integrated Frgmnt's fUSD stablecoin into its institutional custody platform, enabling clients to hold, issue, stake, unstake and redeem the token directly without separate custody arrangements. The fUSD is issued against USDC reserves on the Base network, with those reserves deployed in onchain lending markets to generate yields from inception. Stakers receive sfUSD, a yield-bearing variant that captures protocol revenues; as of early September, sfUSD showed an annualized yield of 13.32 percent, though this rate fluctuates with underlying lending conditions.
The partnership, announced in mid-September, connects Frgmnt's infrastructure with Anchorage Digital Bank N.A., which operates under U.S. federal banking oversight from the OCC. Frgmnt's co-founder and CEO emphasized that institutions should access onchain financial products through compliant infrastructure, positioning the custody integration as a bridge for institutional participation in decentralized finance.
Frgmnt remains early-stage, with approximately 100,000 dollars in total value locked and operations until now limited to a closed beta with invitation-only access and successive deposit cap waves. A public opening is scheduled for mid-September following a new beta wave, leaving adoption breadth and sustained yield sustainability as yet unproven.