Anchorage Digital Teams Up with Ethena Labs to Launch First GENIUS Act-Compliant and Federally Regulated Stablecoin

Anchorage Digital, a federally chartered crypto bank in the United States, announced a strategic partnership with Ethena Labs to bring $USDtb to the United States, becoming a stablecoin with a clear path to compliance with the recently enacted “GENIUS Act.” This issuance will be the first to leverage Anchorage Digital’s stablecoin issuance platform—a turnkey solution for institutionally issuing and managing fully regulated digital dollars. Anchorage Digital chose to partner with Ethena, which focuses on developing secure, compliance-driven rails and products that offer institutional investors a way to access the unique advantages of digital assets.

Through this partnership, the $USDtb stablecoin currently issued overseas will be issued in the United States by Anchorage Digital, making Anchorage Digital Bank the leading stablecoin issuance institution in the United States, serving institutions seeking compliance with the highest regulatory standards of the “GENIUS Act” through a compliant, programmable digital dollar. [BlockBeats News]