Ethena Labs has joined forces with Anchorage Digital, America’s first federally chartered crypto bank, to introduce USDtb to the United States. This is a significant milestone, as USDtb will be the very first stablecoin to be launched fully compliant with the newly enacted GENIUS Act.
With this partnership, USDtb, once offshore-issued, is now issued directly by Anchorage Digital Bank in the U.S. This enables institutions to easily access a trusted, U.S.-regulated stablecoin which integrates perfectly into legacy financial systems. The aim is to offer a totally compliant, secure, and scalable solution for institutions who want to hold and utilize digital dollars.
Anchorage Digital is launching a new platform which facilitates institutions to issue regulated stablecoins such as USDtb. With the collaboration of Ethena Labs, they hope to establish a robust, regulation-led foundation for U.S. stablecoin adoption.
Ethena Labs is already a major player in crypto, with its stablecoin USDe holding over $6 billion in total value locked (TVL). With the backing of major firms like Fidelity, Binance Labs, and Franklin Templeton, the company is now focusing on expanding the reach of USDtb with strong legal and banking support from Anchorage.
Leaders from both companies see this partnership as a big step forward for regulated digital finance. Ethena CEO Guy Young said this move will boost confidence and usage of USDtb across new platforms and products.
Anchorage CEO Nathan McCauley emphasized that the GENIUS Act enables secure participation in the stablecoin ecosystem. He added, “As stablecoins become a foundational layer of modern finance, it’s essential they’re built on infrastructure that’s secure, compliant, and built to last.”
Last week, President Donald Trump signed the GENIUS Act into law during a White House ceremony, officially establishing the first U.S. regulatory framework for stablecoins.
As stablecoins play a growing role in cross-border payments, DeFi, and financial infrastructure, this collaboration ensures that innovation stays aligned with U.S. regulations and global trust.
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