Anchorage Digital Joins Forces with Ethena to Unveil First GENIUS-Compliant USDtb in the U.S.

26/07/2025 admin

Key Takeaways:

Anchorage Digital and Ethena Labs launch USDtb, the first stablecoin aligned with the GENIUS Act in the U.S., aiming to set a new standard for regulated digital dollars.
Anchorage Digital becomes the first federally chartered bank to issue a GENIUS-compliant stablecoin, providing institutional investors with a compliant, secure pathway into stablecoin adoption.
Regulated issuance of USDtb signals a broader institutional shift, as demand grows for transparent, programmable, and U.S.-regulated stablecoin infrastructure.

A strategic partnership between Anchorage Digital and Ethena Labs is making headlines as it brings USDtb – the first GENIUS Act-compliant stablecoin, into the U.S. regulatory perimeter. The move reflects growing momentum behind regulated crypto infrastructure, especially for institutions seeking secure exposure to digital dollars.

Anchorage and Ethena: A Strategic Leap into Regulated Stablecoins

Anchorage Digital, known as the first and only federally chartered crypto bank in the United States, has partnered with Ethena Labs to bring USDtb onshore. This will be the first stablecoin to comply with the recently enacted GENIUS Act – landmark U.S. legislation establishing clear rules for stablecoin issuance.

USDtb, originally issued offshore, will now be launched domestically via Anchorage Digital’s new stablecoin issuance platform. The product is being positioned as a regulatory-grade digital dollar tailored for institutional users.

Nathan McCauley, co-founder and CEO of Anchorage Digital, highlighted the broader implications:

“The GENIUS Act provides the regulatory clarity that enables institutions like ours to fully participate in the stablecoin ecosystem.”

This clarity is what financial institutions have long demanded. Until now, regulatory ambiguity discouraged U.S. banks from directly issuing or holding stablecoins. With the GENIUS framework now in place, Anchorage Digital’s infrastructure offers a turnkey solution for launching stablecoins with full compliance.

USDtb: The First Stablecoin Built on GENIUS Standards

A New Category of Regulatory-Grade Digital Assets

USDtb represents a new wave of stablecoins that meet high compliance standards. GENIUS, short for Guaranteed Electronic Notes Issued Under Supervision, was signed into law in July and requires stablecoin issuers to maintain 1:1 fiat reserves, submit to federal oversight, and ensure operational transparency.

The launch of USDtb positions Anchorage and Ethena Labs at the forefront of U.S. stablecoin issuance. The stablecoin will not only benefit from Anchorage’s custody and issuance infrastructure, but also from Ethena’s deep experience in synthetic dollar mechanics.

Ethena Labs, the team behind USDe, the third-largest dollar-pegged crypto asset with over $6 billion in TVL, has rapidly grown its influence in both centralized and decentralized finance sectors. Backed by institutional giants like Fidelity, Franklin Templeton, Binance Labs, and Bybit, Ethena’s entry into the regulated U.S. market could reshape the stablecoin landscape.

Guy Young, CEO of Ethena Labs, emphasized the opportunity:

“GENIUS compliance will allow USDtb to expand across products and platforms, backed by speed, flexibility, and trust. Partnering with Anchorage reinforces our commitment to institutional-grade standards.”

Why USDtb Could Dominate the Next WaveThe First Stablecoin Built on GENIUS Standards of Stablecoins

Built for Scale, Compliance, and Institutional Trust

While there are multiple USD-pegged tokens in the market, only a few comply with the new GENIUS standard. Current stablecoins like USDT and USDC have been working under offshore or state-level regimes and this might restrict the adoption of these among U.S. banks and registered investment advisers.

Directly chartered, federally regulated USDtb, might, over time, rapidly gain popularity with risk-averse intermediaries.

What sets USDtb apart is its combination of speed, programmability and regulatory comfort. It offers real-time payments and settlement combined with strict financial reporting and 100 percent reserve support.

The GENIUS Act: What It Means for U.S. Crypto Regulation

From Ambiguity to Certainty in Stablecoin Law

The GENIUS Act is being hailed as a turning point in the U.S. crypto regulatory landscape. For the first time, the law defines clear rules for stablecoin issuance, including capital requirements, auditing standards, and direct regulatory supervision by federal agencies.

Anchorage Digital’s decision to issue USDtb under the GENIUS framework comes amid increasing demand from asset managers, fintechs, and traditional banks for secure digital dollar rails.

The Act also unlocks new business models. With stablecoins now legally recognized under federal law, banks, brokers, and payment companies can begin offering services tied to GENIUS-compliant tokens. This opens the door to real-time settlement, programmable finance, and decentralized capital markets that are interoperable with the U.S. financial system.

The post Anchorage Digital Joins Forces with Ethena to Unveil First GENIUS-Compliant USDtb in the U.S. appeared first on CryptoNinjas.

CryptoNinjas