Quick take:
- The GENIUS Act was recently signed into law by President Trump to regulate the issuance of stablecoins.
- The launch will be the first to launch on Anchorage Digital’s institutional-grade stablecoin issuance platform.
- The USDtb stablecoin, currently issued offshore, will now be issued by Anchorage Digital Bank in the U.S.
Ethena Labs, the issuer of USDe and USDtb, has agreed with Anchorage Digital, a US-regulated crypto bank, to bring the USDtb stablecoin to the U.S. The announcement follows the signing of the GENIUS Act into law by President Trump and puts the USDtb stablecoin on a path to be the first GENIUS Act-compliant stablecoin.
Under the agreement, the USDtb stablecoin, currently issued offshore, will now be issued by Anchorage Digital Bank in the U.S., making it the first to launch on Anchorage Digital’s institutional-grade stablecoin issuance platform.
The partnership is seen as a strategic move by Anchorage Digital as it positions itself as a “leading U.S. stablecoin issuer for institutions seeking compliant, programmable, digital dollars aligned with the highest regulatory standards set by the GENIUS Act.”
Commenting on the announcement, Nathan McCauley, CEO and Co-Founder of Anchorage Digital, said in a statement: “The passage of the GENIUS Act provides the regulatory clarity that enables federally regulated institutions like Anchorage Digital Bank to fully participate in the stablecoin ecosystem. We’re proud to support Ethena in bringing their product to the U.S.—helping deliver even greater transparency and confidence to their partners.”
Guy Young, CEO of Ethena Labs, commented: “While we’ve already seen strong demand for USDtb, we expect GENIUS compliance to empower our partners and holders to confidently and significantly expand its use across new products and platforms.”
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