Market Analysis Report (25 Jul 2025)
Main Idea
Ethena Labs’ USDtb is adapting to new U.S. stablecoin legislation, while OSL Group and Michael Saylor’s company secure significant funding for global expansion and Bitcoin acquisitions.
Key Points
1. Anchorage Digital Bank will issue GENIUS-compliant stablecoins (USDtb) following the GENIUS Act, expanding OCC oversight of nonbank stablecoin issuers.
2. OSL Group raised $300 million to expand its crypto services globally, capitalizing on clearer regulatory frameworks.
3. Michael Saylor’s company raised $2.8 billion through preferred stock (Stretch shares) to fund additional Bitcoin purchases, now holding ~600,000 BTC (~$70 billion).
4. Ethena Labs secured $100 million to support USDtb, which has over $1.45 billion in circulation.
5. Circle, Ripple, and BitGo are also seeking federal charters for stablecoin issuance under the new regulatory framework.
Description
Anchorage Digital to Issue GENIUS-Compliant Stablecoins | OSL Raises $300M to Expand Crypto Services Globally | Michael Saylor’s Strategy Raises $2.8B to Expand Bitcoin Holdings
