Anchorage Digital partners with Ethena Labs to launch the first federally regulated stablecoin compliant with the GENIUS Act

ChainCatcher news, according to businesswire, announced that Anchorage Digital, a federally chartered crypto bank in the United States, has established a strategic partnership with Ethena Labs to introduce USDtb to the U.S., becoming a stablecoin with a clear path to comply with the recently enacted GENIUS Act.

This issuance will utilize Anchorage Digital's stablecoin issuance platform for the first time— a turnkey solution provided for institutions to issue and distribute fully regulated digital dollars. Anchorage Digital decided to partner with Ethena, which focuses on developing secure, compliance-driven tracks and products to provide institutional investors with unique access to digital assets.

According to this collaboration, the USDtb stablecoin currently issued overseas will be issued by Anchorage Digital in the U.S., making Anchorage Digital Bank the leading stablecoin issuer in the United States, serving institutions seeking compliant, programmable digital dollars that meet the highest regulatory standards of the GENIUS Act.