Anchorage Digital Bank Partners with Bank of America for Stablecoin Reserves

According to BlockBeats, Anchorage Digital Bank, a crypto-friendly digital bank, has announced that Bank of America will serve as the custodian for its stablecoin reserves. Anchorage Digital Bank is currently the only federally chartered crypto-native bank in the United States, operating under the direct supervision of the Office of the Comptroller of the Currency (OCC).