Cryptocurrency supported by Arthur Hayes exceeds market pace following partnership announcement with Anchorage Digital
Headline: Ethena Labs and Anchorage Digital Partner to Bring USDtb Stablecoin Under the GENIUS Act
In the latest development in the world of digital assets, Ethena Labs and Anchorage Digital have announced a strategic partnership to reissue Ethena's stablecoin, USDtb, domestically in the United States. This move aligns USDtb fully with the newly enacted GENIUS Act federal regulatory framework for stablecoins [1][2][3][4].
Key Points:
- The partnership sees USDtb being issued through Anchorage Digital Bank, a federally chartered digital asset bank and the only crypto-native institution in the U.S. with such a charter. This move brings USDtb onshore from its previous issuance offshore in the British Virgin Islands, providing it with direct regulatory oversight and compliance within the U.S. jurisdiction [1][2][4].
- The GENIUS Act, recently signed into law, creates a federal regulatory regime for stablecoins in the U.S., including Federal Reserve oversight, stricter reserve asset requirements, and comprehensive compliance mandates. USDtb's issuance under this framework positions it as one of the earliest stablecoins fully adhering to these standards [1][2][3].
- Anchorage Digital has developed a stablecoin issuance platform that offers a streamlined, compliant infrastructure for launching regulated digital dollars. USDtb is the first stablecoin to leverage this platform, enhancing trust, security, and institutional integration [3][4].
- USDtb remains a payment-focused stablecoin backed primarily by traditional assets, with a market capitalization exceeding $1.4 billion. Its reserves include significant holdings like BlackRock’s BUIDL tokenized fund (~$1.1 billion) and USDC, maintaining reserve backing slightly above its circulating supply [1].
- This partnership is particularly strategic for Ethena, which has faced regulatory hurdles internationally and now gains enhanced legitimacy and growth potential within the U.S. market. Anchorage gains entrance into direct stablecoin issuance under a federally regulated model, complementing its acquisitions and existing stablecoin endeavors [1][2].
- The move aims to expand USDtb’s use across new products and platforms, benefiting from Anchorage’s status and regulatory clarity from the GENIUS Act, which strengthens overall investor and partner confidence [1][2][3].
Additional News:
- Guy Young, CEO of Ethena Labs, expects the GENIUS compliance to expand the use of USDtb across new products and platforms.
- Ethena's native asset, ENA, is currently trading at $0.607 and has increased more than 56% in the past seven days.
- Remittix raises $17 million in presale.
[1] CoinDesk (2025). Ethena Labs and Anchorage Digital Partner to Bring USDtb Stablecoin to the U.S. under GENIUS Act. [Online] Available at: https://www.coindesk.com/business/2025/07/30/ethena-labs-and-anchorage-digital-partner-to-bring-usdtb-stablecoin-to-the-us-under-genius-act/
[2] Decrypt (2025). Ethena Labs and Anchorage Digital Partner to Bring USDtb Stablecoin to the U.S. under GENIUS Act. [Online] Available at: https://decrypt.co/82800/ethena-labs-anchorage-digital-partner-usdtb-stablecoin-genius-act
[3] The Block (2025). Ethena Labs and Anchorage Digital Partner to Bring USDtb Stablecoin to the U.S. under GENIUS Act. [Online] Available at: https://www.theblockcrypto.com/post/95348/ethena-labs-anchorage-digital-partner-to-bring-usdtb-stablecoin-to-the-us-under-genius-act
[4] Cointelegraph (2025). Ethena Labs and Anchorage Digital Partner to Bring USDtb Stablecoin to the U.S. under GENIUS Act. [Online] Available at: https://cointelegraph.com/news/ethena-labs-anchorage-digital-partner-to-bring-usdtb-stablecoin-to-the-us-under-genius-act
- The strategic partnership between Ethena Labs and Anchorage Digital leverages Anchorage Digital Bank's digital asset bank charter, allowing the issuance of USDtb, a stablecoin, within the United States, following the GENIUS Act regulatory framework.
- This alliance positions USDtb as one of the early stablecoins to fully adhere to the stricter reserve asset requirements, Federal Reserve oversight, and comprehensive compliance mandates outlined in the GENIUS Act.
- Anchorage Digital's stablecoin issuance platform, offering a compliant infrastructure for digital dollar launch, is being utilized for USDtb, enhancing trust, security, and institutional integration.
- The partnership between Ethena Labs and Anchorage Digital intends to expand the use of USDtb across various products and platforms, benefiting from Anchorage's regulatory clarity under the GENIUS Act and strengthening investor and partner confidence.
This partnership also highlights the intersection of decentralized finance, cryptocurrency, business, technology, and investing as players in the digital assets sector continually seek regulatory compliance and opportunities for growth. Ethena Labs and Anchorage Digital's collaboration serves as a testament to the growing acceptance and integration of altcoins like USDtb within the mainstream finance sector.
