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Anchorage Buys Routable to Link Stablecoin and Fiat Infrastructure

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Anchorage Buys Routable to Link Stablecoin and Fiat Infrastructure

Anchorage Digital has acquired payments company Routable in a bid to extend its rails to the world’s biggest companies.

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Founded in 2017, Routable helps businesses onboard payees, automate compliance, and orchestrate high-volume payouts globally, Anchorage said in a news release Tuesday (Oct. 6).

“Behind every streaming platform paying millions of artists, every marketplace paying millions of sellers, and every app store paying millions of developers sits the same hard problem: the money has to arrive in 220 countries, in the right currency, on time, every time,” Anchorage said.

“And the infrastructure that does it has to sit quietly between a company’s ERP and the world’s payment rails without ever becoming the story. This is the work that Routable does at scale.”

The release noted that Anchorage’s initial customers were crypto-native companies, followed by traditional financial institutions entering the digital asset space. Next came technology platforms and Fortune 500 companies with some of the largest payout, treasury, and disbursement needs in the world.

Serving businesses like these “requires the last mile of fiat,” a capability Anchorage now offers through Routable, the release added.

“We spent nearly a decade earning the trust of crypto natives and the world’s largest financial institutions, and knew Big Tech and Fortune 500 companies would follow,” said Nathan McCauley, Anchorage Digital’s co-founder and CEO.

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