Silvergate Bank

Anchorage Digital

First federally chartered crypto bank; stablecoin issuer and custodian

Anchorage Digital is the only federally chartered US crypto bank, providing qualified custody plus turnkey, federally regulated infrastructure for minting, redeeming and managing stablecoin issuance. It issues USDtb (with Ethena, reserves in BlackRock's BUIDL), acquired USDM issuer Mountain Protocol, and serves as a regulated issuance partner for stablecoin programs.

BitGo

Qualified custodian and digital asset infrastructure

BitGo is a pioneering institutional custodian with a long Bitcoin custody track record, operating OCC and state trust charters. It provides multisig and MPC custody, off-exchange settlement (Go Network), wallet infrastructure and stablecoin issuance (USDS via World Liberty / WBTC custody). BitGo completed the first crypto custodian IPO in January 2026.

Citi

Global bank building tokenized cash and reserve services

Citigroup is a global systemically important bank operating Citi Token Services for tokenized deposits and cross-border liquidity, and is exploring stablecoin issuance and reserve banking, positioning it as a major banking partner in the digital-dollar ecosystem.

Cogni / FV Bank

Regulated digital banking and custody platform for stablecoins

FV Bank is a U.S.-chartered (Puerto Rico) digital bank offering integrated banking, digital-asset custody and stablecoin settlement, and was the first U.S.-chartered depository institution to offer stablecoin invoicing (accepting USDC and PYUSD). It has expanded into a unified fintech platform with stablecoin cross-border payments, API-managed accounts and agentic virtual cards. Cogni is a digital-banking/neobank brand operating in the same orbit, having pioneered an in-app noncustodial Web3 wallet.

Coinbase

Largest US crypto exchange and USDC co-issuer

Coinbase is the largest US-listed crypto exchange and a primary stablecoin trading venue. It co-founded USDC with Circle via the Centre consortium and earns a share of USDC reserve revenue, while operating Base (its L2), Coinbase Wallet, custody and on/off-ramp services. In 2026 it is positioning around stablecoins, Base, and an 'everything exchange' strategy.

Cross River Bank

Crypto-native partner bank for stablecoin reserves and settlement

Cross River is a technology-forward US bank providing embedded banking, payments and reserve banking to fintech and digital-asset firms. It holds stablecoin reserves, powers stablecoin payment flows, and was a first live participant in Visa's US USDC settlement program.