Mint stablecoins
Mint new stablecoins from your USD balance and deposit them directly into a wallet. Each mint converts USD to stablecoins at a 1:1 ratio.Before you start
- Confirm you have an available USD balance in the source account.
- Confirm your policy permissions allow you to initiate conversions.
- Have the Anchorage Digital iOS app available — you’ll need it to authorize the operation.
Where to start
You can mint stablecoins from two places in the web dashboard:Stablecoins dashboard
For managing stablecoin operations across vaults. Select Stablecoins in the main navigation, then select Convert.
Vault page
For minting directly into a specific vault you’re already working in. Go to your vault and select Convert in the top-right corner.
Complete the conversion
Select the stablecoin to mint
- In the conversion dialog, US Dollars is pre-selected in the From field.
- Select the To asset dropdown labeled Select asset.
- Choose the stablecoin you want to mint (for example, USDGO on Solana, USDPT on Solana, or USDtb on Mainnet).
Select the destination wallet
Choose the wallet where the newly minted stablecoins will be deposited. The available balance for each wallet appears next to its name.
Enter the amount
- In the From field, enter the amount of USD you want to convert.
- The To field automatically populates with the equivalent stablecoin amount at a 1:1 ratio.
- Review the summary at the bottom (for example, “Send $100 to issue 100 USDGO on Solana”).
Approval and settlement
Authorize the operation
Anchorage Digital prompts you to authorize the conversion in the iOS app.
- Open the app on your mobile device.
- Confirm with biometric authentication.
Quorum approval
If your policy requires multiple approvals, the operation status stays Initiated until the required quorum members have approved the request. You can track progress in the Transactions tab of the Stablecoins dashboard or on the Activity page in the main navigation.
Processing
Once the quorum is met:
- Anchorage Digital reviews the operation.
- Our Hardware Security Module (HSM) signs the operation.
- Anchorage Digital issues the stablecoins on-chain.
Redeem stablecoins for USD
Redeem stablecoins for USD directly on the platform. Each redemption burns the stablecoins from your wallet and credits the equivalent USD to your fiat account at a 1:1 ratio.Before you start
- Confirm the wallet you want to redeem from holds the stablecoins.
- Confirm your policy permissions allow you to initiate conversions.
- Have the Anchorage Digital iOS app available — you’ll need it to authorize the operation.
Where to start
You can redeem stablecoins from two places in the web dashboard:Stablecoins dashboard
For managing stablecoin operations across vaults. Select Stablecoins in the main navigation, then select Convert. Choose the account and vault that holds the stablecoins, then select the swap arrow between the From and To fields to reverse the direction so the stablecoin is the From asset and USD is the To asset.
Vault page
For redeeming directly from a specific vault. Go to your vault and select Convert. Select the From asset dropdown and choose the stablecoin you want to redeem — the To field automatically switches to US Dollars.
Complete the redemption
Select the stablecoin and source wallet
- From the From asset dropdown labeled Select asset, choose the stablecoin you want to redeem (for example, USDGO on Solana).
- Select the source wallet that holds the stablecoins. The available balance for each wallet appears next to its name.
Enter the amount
- In the From field, enter the amount of stablecoins you want to redeem.
- The To field automatically populates with the equivalent USD amount at a 1:1 ratio.
- Review the summary at the bottom (for example, “Redeem 100 USDGO on Solana to receive $100”).
Approval and settlement
Authorize the operation
Anchorage Digital prompts you to authorize the conversion in the iOS app.
- Open the app on your mobile device.
- Confirm with biometric authentication.
Quorum approval
If your policy requires multiple approvals, the operation status stays Initiated until the required quorum members have approved the request. You can track progress in the Transactions tab of the Stablecoins dashboard or on the Activity page in the main navigation.
Processing
Once the quorum is met:
- Anchorage Digital reviews the operation.
- Our Hardware Security Module (HSM) signs the operation.
- Anchorage Digital burns the stablecoins and credits the USD to your fiat account.
Bridge stablecoins
Bridge stablecoins across blockchains directly on the platform. Each bridge converts a stablecoin on one network to the same stablecoin on another network (for example, USDtb on Ethereum Mainnet to USDtb on Solana) at a 1:1 ratio.Before you start
- Confirm the wallet you want to bridge from holds the stablecoins.
- Confirm both the source stablecoin and the destination network are supported for bridging.
- Confirm your policy permissions allow you to initiate conversions.
- Have the Anchorage Digital iOS app available — you’ll need it to authorize the operation.
Where to start
You can bridge stablecoins from two places in the web dashboard:Stablecoins dashboard
For managing stablecoin operations across vaults. Select Stablecoins in the main navigation, then select Convert and choose the account and vault that holds the stablecoins.
Vault page
For bridging directly from a specific vault. Go to your vault and select Convert.
Complete the bridge
Select the source asset and wallet
- Select the From asset dropdown.
- Choose the stablecoin you want to bridge from (for example, USDtb on Mainnet).
Only supported stablecoins appear in the list.
- Select the source wallet on the origin chain. The available balance for each wallet appears next to its name.
Select the destination asset and wallet
- Select the To asset dropdown labeled Select asset.
- Choose the same stablecoin on the destination chain (for example, USDtb on Solana).
- Select the destination wallet on the target chain.
Enter the amount
- In the From field, enter the amount of stablecoins you want to bridge.
- The To field automatically populates with the equivalent amount at a 1:1 ratio.
- Review the summary at the bottom (for example, “Bridge 10 USDtb on Mainnet to 10 USDtb on Solana”).
Approval and settlement
Authorize the operation
Anchorage Digital prompts you to authorize the conversion in the iOS app.
- Open the app on your mobile device.
- Confirm with biometric authentication.
Quorum approval
If your policy requires multiple approvals, the operation status stays Initiated until the required quorum members have approved the request.
Processing
Once the quorum is met:
- Anchorage Digital reviews the operation.
- Our Hardware Security Module (HSM) signs the operation.
- The stablecoins are burned on the source chain and minted on the destination chain.
Stablecoin rewards
Earn rewards on eligible stablecoins held in custody with Anchorage Digital. Your assets remain accessible at any time: no lending, no rehypothecation, and no lockups. Eligible stablecoins: PYUSD, USDG, USDtb, USDeEnrollment must be completed by an admin of your organization. You can enroll even if you don’t currently hold eligible stablecoins — you’ll start earning rewards once you deposit eligible stablecoins and your payout wallets are configured.
Where to start
You can enroll in stablecoin rewards from two places in the web dashboard:Stablecoins dashboard
Select Stablecoins in the main navigation, then select the Rewards tab.
Settings
Select Settings in the main navigation, then select Stablecoin rewards.
Configure your payout wallets
Open the configuration
Select the edit icon next to Pending configuration to set the vault and wallet that will receive rewards for each eligible asset.
If your accounts don’t appear immediately, refresh your browser.
Select a vault and wallet for each asset
For each eligible asset, choose the vault and wallet where you want to receive rewards. If you don’t have an existing wallet for an asset, follow the deposit address instructions to create one first.
Update your configuration
You can change the vault and wallet that receive rewards at any time. Updates must be made by an admin.Open the configuration
From either the Rewards tab on the Stablecoins dashboard or Stablecoin rewards in Settings, select the edit icon next to Pending configuration.
Rewards rates
USDG
Minimum eligible digital asset balance: $0 Reference rate: Effective Federal Funds Rate (EFFR) as published by the Federal Reserve Bank of New York| Eligible balance (held with custody/wallet service provider) | Annual Rewards Rate | Annual Rewards Rate at EFFR 3.64% |
|---|---|---|
| Less than $1M | EFFR − 1.83% | 1.81% |
| EFFR − 1.63% | 2.01% | |
| EFFR − 1.43% | 2.21% | |
| EFFR − 1.33% | 2.31% | |
| ≥ $10M | EFFR − 1.23% | 2.41% |
PYUSD
Minimum eligible digital asset balance: $0 Reference rate: Effective Federal Funds Rate (EFFR) as published by the Federal Reserve Bank of New York| Eligible balance (held with custody/wallet service provider) | Annual Rewards Rate | Annual Rewards Rate at EFFR 3.87% |
|---|---|---|
| Less than $1M | EFFR − 1.33% | 2.31% |
| EFFR − 0.83% | 2.81% | |
| EFFR − 0.63% | 3.01% | |
| EFFR − 0.43% | 3.21% | |
| ≥ $10M | EFFR − 0.33% | 3.31% |
USDtb and USDe
Minimum eligible digital asset balance: $0 Annual Rewards Rate: 0–20% Rates are updated on the 10th of the following month. For example, November’s rates are updated by December 10.| Period | USDtb Annual Rewards Rate | USDe Annual Rewards Rate |
|---|---|---|
| May 2026 | Rate TBA | Rate TBA |
| April 2026 | 3.23% | 2.88% |
| March 2026 | 3.18% | 2.80% |
| February 2026 | 3.27% | 2.88% |
| January 2026 | 3.33% | 3.78% |
| December 2025 | 3.45% | 3.52% |
| November 2025 | 3.65% | 3.20% |
General program methodology
General program methodology
Reference rate (EFFR-based assets)Reference rate: Effective Federal Funds Rate (EFFR) as published daily on the Federal Reserve Bank of New York’s website.Source: https://www.newyorkfed.org/markets/reference-rates/effrRewards modelRewards are tiered by the total eligible digital asset balance (USD value). Each tier’s Annual Rewards Rate (ARR) is expressed as EFFR minus a spread.Balance and reward calculationBalance calculation: Eligible digital asset balances are calculated in U.S. Dollars by applying closing prices, as provided by CryptoCompare.com at the close of each day (UTC), or if unavailable, other reliable, reputable third-party pricing sources, selected at Program Administrator’s sole discretion.Reward calculation: Rewards are calculated daily based on the following formula:Example: For a given day, a participant with less than $1M in PYUSD will accrue rewards of (EFFR − 1.33%) / 365 for that day.