Anchorage Digital, Lydian team on stablecoins

Under the agreement, Lydian, a digital asset payment infrastructure company, has onboarded to Anchorage Digital Bank, N.A. for stablecoin minting and redemption, with the related digital assets held in custody at the bank.

Lydian operates as an acceptance layer that payment and point-of-sale providers integrate so their merchants can take stablecoins at checkout. Customers can pay from any digital wallet using any supported stablecoin or digital asset. Merchants then receive local currency in the same way they would from a card transaction, without needing to hold or manage digital assets.

This addresses a structural gap identified by the companies: most payment and point-of-sale providers cannot hold or move stablecoins directly. Lydian places a federally chartered bank at the centre of the transaction flow, which allows those providers to extend stablecoin acceptance to their merchant base. As a result, smaller neighbourhood businesses gain access to the same minting, redemption, and custody infrastructure used by institutional clients.

The two companies are also exploring a broader arrangement in which Anchorage Digital would serve as the settlement hub for stablecoin payment flows across Lydian’s merchant network.