Anchorage Digital, the United States’ first and only federally regulated crypto bank, has announced a strategic partnership with Ethena Labs, the creators of USDe and USDtb, to bring the stablecoin USDtb to the U.S. market under full regulatory compliance. This marks the first issuance of a stablecoin aligned with the recently enacted GENIUS Act, the pioneering legislation that sets a legal framework for stablecoin regulation in the country.
The collaboration will utilize Anchorage Digital’s stablecoin issuance platform a turnkey, secure, and compliant solution designed for institutions seeking to issue programmable digital dollars under U.S. financial laws.
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USDtb, previously issued offshore, will now be launched in the U.S. through Anchorage Digital Bank, setting a precedent for regulated digital dollar solutions in the American financial system. This will provide financial institutions with a compliant and accessible pathway to integrate stablecoins into their operations — from payment infrastructure to fintech platforms and decentralized finance.
Anchorage Digital CEO and Co-founder Nathan McCauley emphasized the importance of this move:
“The GENIUS Act gives federally regulated banks like ours the clarity to fully engage in the stablecoin ecosystem. This partnership with Ethena represents a step forward in ensuring that modern finance is built on trust, transparency, and long-term compliance.”
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Ethena Labs CEO Guy Young added:
“We’ve already seen strong global demand for USDtb. With compliance now built into its core, we believe this launch will unlock new use cases and help institutions adopt stablecoins with greater confidence. Anchorage brings the regulatory expertise needed to scale this offering responsibly.”
This move arrives at a time when stablecoins are increasingly viewed as a backbone of global financial innovation — powering real-time cross-border payments, embedded finance, and Web3 commerce. The joint initiative reflects both companies’ commitment to ensuring that the next wave of digital finance aligns with the highest standards of regulatory oversight and operational integrity.
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As the first U.S. bank-issued stablecoin under the GENIUS Act, USDtb aims to reshape how institutions think about digital dollars — with an eye toward security, compliance, and financial inclusion.
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