Ethena Announces Partnership with Anchorage, Transitioning USDtb from Offshore Model to Federally Regulated Stablecoin

Ethena has announced that it will partner with Anchorage, a U.S. federally chartered crypto bank, to transition $USDtb from an offshore model to a payment stablecoin under federal regulation. Ethena claims that its $USDtb is expected to be the first stablecoin with a clear path to full compliance with the U.S. GENIUS Act. [Wu Blockchain]