According to the source, Federal Reserve records indicate Anchorage Digital Bank has submitted a master account application, as reflected in the Federal Reserve master account directory maintained by Federal Reserve Financial Services. A master account enables direct access to Fedwire and FedACH for U.S. dollar settlement, as defined by Federal Reserve Financial Services. The regulatory bar remains high, as the Federal Reserve Board denied Custodia Bank’s membership application in January 2023 over risk management concerns tied to crypto activities, according to the Federal Reserve Board press release. Traders should monitor the Federal Reserve master account directory for status updates and Office of the Comptroller of the Currency communications on Anchorage’s national trust bank oversight to gauge potential impacts on fiat on and off ramps for crypto desks, according to the Federal Reserve and the OCC. Any change in direct Fed access for a regulated crypto custodian can alter USD settlement efficiency that underpins liquidity on U.S. crypto venues, according to Federal Reserve statements on payment system access and settlement efficiency.

According to @MilkRoadDaily, Tether revealed a new U.S.-focused stablecoin named USAT that is planned to launch before year-end under the GENIUS Act framework (source: @MilkRoadDaily on X, Sep 13, 2025). The stablecoin will be issued through Anchorage Digital Bank and is described as designed to be airtight on regulation for the U.S. market, indicating a compliance-first structure that traders should note when assessing future listings and on-chain integrations (source: @MilkRoadDaily on X, Sep 13, 2025).

According to Crypto Rover, Anchorage, a Wall Street-backed crypto bank, is under investigation by U.S. Homeland Security. This development could affect trading strategies for investors involved with digital assets associated with Anchorage, especially those linked to Trump's digital asset agenda. Traders should monitor news for potential impacts on crypto market volatility.