Anchorage Digital submitted a comment letter on the GENIUS Act, planning to issue the stablecoin UDSPT with Western Union

Anchorage Digital Bank has submitted a comment letter regarding the proposed rules of the GENIUS Act from the Office of the Comptroller of the Currency. The company has currently issued three stablecoins for several partners, including USAT in collaboration with Tether, USDGO in collaboration with OSL Group, and USDtb in collaboration with Ethena.

Anchorage Digital stated that it plans to jointly issue a fourth stablecoin, UDSPT, with Western Union in the near future and expects to officially become an authorized payment stablecoin issuer after the GENIUS Act takes effect.