Digital asset platform Anchorage Digital and digital asset venture capital firm AngelList have partnered to enable investors to invest with USDC stablecoin.
With this partnership, the companies will enable those interested in funding cryptocurrency innovation to deposit USDC easily and allow all businesses to accept USDC as a funding option, according to a blog post on the Anchorage website written by the company’s co-founder and president Diogo Mónica, and its co-founder and CEO, Nathan McCauley.
“This partnership paves the way for a more effective, efficient and transparent system of funding the world’s most promising new businesses — and there’s no better trailblazer than AngelList to take this giant leap forward for the industry,” Mónica said in the post.
In the partnership, Anchorage provides digital asset custody and execution services for AngelList, and USDC trades sync with AngelList’s systems daily via an application programming interface (API), according to the blog post.
“Anchorage and Layer2 infrastructure accelerated our implementation efforts to launch USDC alongside fiat as an investment option on the AngelList platform,” AngelList CEO Avlok Kohli said in the post. “We look forward to expanding the partnership across other use cases on the platform.”
PYMNTS research has found that USDC is one of the top 10 cryptocurrencies that consumers hold or of which they have knowledge.
Get the report: The U.S. Crypto Consumer
In “The U.S. Crypto Consumer,” a PYMNTS and BitPay collaboration, it was reported that about 3% of consumers currently hold USDC, 2% have held it in the past 12 months and 2% have ever held it.
The announcement of the new partnership comes about two months after Anchorage Digital said it will be introducing ether staking for institutions, offering ETH holders a way to earn rewards for helping to secure the Ethereum blockchain as it moves to a proof-of-stake (PoS) model later in the year.
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