Onshore deployment of USDtb by Ethena and Anchorage under the terms of the GENIUS Act is now complete.
In a groundbreaking move, Anchorage Digital and Ethena Labs have joined forces to issue the first federally compliant stablecoin, USDtb, within the United States. This partnership marks a significant milestone in the U.S. stablecoin market, as USDtb becomes the first stablecoin to be issued under the GENIUS Act, the first U.S. federal law providing a legal framework for stablecoin issuance.
Anchorage Digital, the only federally chartered crypto bank in the U.S., will play a crucial role in this venture. By minting and redeeming USDtb directly on U.S. soil under federal regulatory oversight, the stablecoin will enjoy enhanced trust, regulatory compliance, security, and transparency. This move is expected to foster confidence among institutional partners, asset managers, and financial institutions seeking yield-bearing digital dollar solutions.
The partnership between Ethena Labs and Anchorage Digital offers several key advantages. For instance, USDtb becomes the first stablecoin issued under the GENIUS Act framework, setting a precedent for legal and compliant stablecoin issuance in the U.S. The collaboration also leverages Anchorage Digital Bank’s federally chartered platform, offering a turnkey solution for compliant stablecoin creation and distribution, ensuring the stablecoin operates within secure and lasting U.S. regulatory infrastructure.
Moreover, USDtb is a yield-bearing synthetic stablecoin backed by crypto collateral and BlackRock’s BUIDL, offering an innovative digital dollar product with institutional credibility. The partnership is designed to scale USDtb’s user base in the U.S. without sacrificing regulatory compliance or transparency, increasing adoption among regulated financial entities.
The move to bring USDtb under U.S. regulatory compliance is also symbolic of the maturation of the U.S. digital asset space. It incorporates clear federal rules to support stablecoin innovation within a trusted framework, enhancing market trust and expanding regulated access to innovative digital dollar products.
Ethena Labs sees this shift as critical to meeting growing demand for USDtb. By aligning with the new GENIUS Act, the partnership bridges the gap between innovation and federal regulation, setting a tone for what comes next in the U.S. stablecoin market. Anchorage Digital will serve as the federally regulated issuer of USDtb, providing a clean path into the U.S. financial system for the stablecoin.
In conclusion, the partnership between Ethena Labs and Anchorage Digital to issue USDtb under the GENIUS Act represents a major milestone in compliant U.S. stablecoin issuance. This move not only enhances market trust but also expands regulated access to innovative digital dollar products backed by strong institutional partnerships and federal oversight.
By leveraging the federally chartered Anchorage Digital bank, the partnership aims to create a turnkey solution for compliant stablecoin creation and distribution in the business sector. This move marks an integral step in the technology industry, as the innovative digital dollar product, USDtb, becomes the first stablecoin to be issued under the GENIUS Act, embracing the fusion of finance and technology in a regulatory compliant manner.
