Anchorage Digital Collaborates with Ethena Labs to Launch the First GENIUS Act-Compliant Stablecoin in the US
On July 24th, Anchorage Digital, a federally chartered crypto bank in the United States, announced a strategic partnership with Ethena Labs to introduce USDtb into the US market as a fully GENIUS Act-compliant stablecoin.
According to the announcement, USDtb – previously issued overseas – will be launched in the US for the first time through Anchorage Digital's stablecoin issuance platform. This is a comprehensive solution that enables organizations to issue strictly regulated digital USD. This event marks the first use of this platform, promising to facilitate legal stablecoin access for financial institutions in the US market.
The choice to partner with Ethena Labs reflects Anchorage Digital's focus on developing safe digital financial infrastructure and products, prioritizing regulatory compliance and serving institutional investors. Ethena is the entity behind USDtb – an Algorithmic Stablecoin using a unique derivative hedging mechanism to stabilize value without traditional collateral.
Through this partnership, Anchorage Digital Bank will become the official issuer of USDtb in the US, becoming one of the pioneering organizations providing a stablecoin that meets the highest standards under the GENIUS Act – which establishes a comprehensive legal framework for issuing and managing digital assets in the country.
