Ethena’s USDtb Becomes First Stablecoin With a Clear Path to US Compliance
Main Idea
Ethena's USDtb stablecoin is the first to have a clear compliance path under the GENIUS Act, with Anchorage Digital issuing it onshore in the U.S. under the new regulatory framework.
Key Points
1. USDtb is the first stablecoin with a clear compliance path under the GENIUS Act, now issued onshore in the U.S. by Anchorage Digital.
2. Anchorage Digital holds a national trust charter from the OCC, enabling it to issue USDtb under the GENIUS Act signed into law by President Donald Trump.
3. Ethena Labs raised $100 million to support the launch and currently has over $1.45 billion of USDtb in circulation.
4. Anchorage is the only active federally chartered crypto bank in the U.S., giving USDtb a head start over competitors like Circle, Ripple, and BitGo.
5. USDtb is expected to be the first stablecoin issued onshore with GENIUS-compliant oversight, marking a significant development in crypto infrastructure.
Description
Ethena’s USDtb will be issued in the U.S. under Anchorage Digital Bank’s federal charter. USDtb is the first stablecoin with a clear compliance path under the GENIUS Act. Anchorage remains the only active federally regulated crypto bank eligible to issue GENIUS-compliant stablecoins. Anchorage Digital has launched a stablecoin issuance platform with Ethena Labs signed on as its first client. The move allows Ethena’s USDtb , which was previously issued offshore, to now be released in the U.S. und...
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