Anchorage is stepping back from Robinhood and Kraken-backed stablecoin group

Anchorage Digital co-founder and CEO Nathan McCauley said there will be ‘increased neutrality’ from his firm on stablecoins. What to know : Anchorage, which is partnering with stablecoin issuance platform M0, says it has a pipeline of 20 firms looking for help to issue stablecoins. Becoming a white-label stablecoin issuer for so many different groups, requires thinking about incentive structures and if everything is still aligned, CEO McCauley said.