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

According to ChainCatcher, citing a report from Businesswire, Anchorage Digital, a federally chartered crypto bank in the United States, has announced a strategic partnership with Ethena Labs to introduce USDtb to the U.S. market, making it a stablecoin with a clear path to compliance under the recently enacted GENIUS Act.

This issuance will mark the first use of Anchorage Digital’s stablecoin issuance platform—a turnkey solution designed for institutions to issue and manage fully regulated digital dollars. Anchorage Digital chose to partner with Ethena, which focuses on developing secure, compliance-driven rails and products that provide institutional investors with unique access to digital asset opportunities.

Under this partnership, the USDtb stablecoin, which is currently issued overseas, will now be issued in the United States by Anchorage Digital. This move will position Anchorage Digital Bank as a leading stablecoin issuer in the U.S., serving institutions seeking compliant, programmable digital dollars that meet the highest regulatory standards set by the GENIUS Act.