Anchorage Digital has partnered with Ethena Labs to launch the first stablecoin compliant with the GENIUS Act and regulated by federal authorities.

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On July 24, Anchorage Digital, a federally chartered crypto bank in the United States, announced a strategic partnership with Ethena Labs to introduce USDtb to the U.S., becoming a stablecoin with a clear pathway to comply with the recently enacted GENIUS Act. This issuance will be the first to utilize Anchorage Digital's stablecoin issuance platform—a turnkey solution designed for institutions to issue fully regulated digital dollars. Anchorage Digital decided to partner with Ethena, which focuses on developing secure, compliance-driven tracks and products, providing institutional investors with a unique way to access digital assets. Under this partnership, the USDtb stablecoin currently issued overseas will be issued by Anchorage Digital in the U.S., making Anchorage Digital Bank a leading stablecoin issuer in the U.S., serving institutions seeking compliant, programmable digital dollars that meet the highest regulatory standards of the GENIUS Act.

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