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Key Takeaways:
- USDtb becomes the first stablecoin to pursue full GENIUS Act compliance in the U.S.
- Anchorage Digital’s institutional-grade platform enables secure, regulated stablecoin issuance.
- The GENIUS Act is opening doors for traditional banks and fintech firms to compete in the digital dollar space.
Stablecoin regulation in the U.S. has taken center stage—and Ethena Labs, in collaboration with Anchorage Digital, is already capitalizing on the moment. The two companies have announced the domestic rollout of USDtb, aiming to be the first fully GENIUS-compliant stablecoin on American soil.
Anchorage Digital Bank, the nation’s first federally chartered crypto bank, will serve as the official issuer of the USDtb token under this new regulatory regime. Currently issued offshore with a modest market cap under $150 million, USDtb is now being positioned for broader institutional adoption.
Anchorage Digital Powers Institutional-Grade Stablecoin Launch
Anchorage Digital is leveraging its recently launched stablecoin issuance platform to support USDtb’s entry into the U.S. market. This platform is designed for institutions seeking compliant, secure stablecoin solutions under the GENIUS Act, and USDtb marks its first major deployment.
“We’re proud to support Ethena in bringing their product to the U.S.,” said Anchorage Digital CEO Nathan McCauley. “As stablecoins become a foundational layer of modern finance, it’s essential they’re built on infrastructure that’s secure, compliant, and built to last.”
By providing a turn-key compliance framework, Anchorage aims to simplify the entry of more stablecoin issuers into the regulated digital asset space.
GENIUS Act Spurs New Wave of Stablecoin Development
Signed into law earlier this month, the GENIUS Act (Guidelines for Ensuring Nationally Issued, Uniform Stablecoins) introduces a clear regulatory path for U.S.-based stablecoin offerings. The law requires issuers to maintain fully backed reserves—cash and short-term U.S. Treasury bills—ensuring greater transparency and consumer protection.
“The passage of the GENIUS Act provides the regulatory clarity that enables federally regulated institutions like Anchorage Digital Bank to fully participate in the stablecoin ecosystem,” said McCauley.
The legislation is expected to reshape the competitive landscape, with legacy institutions and fintech startups now racing to launch their own compliant tokens.
Also Read: Ethena (ENA) Soars 25% to 6-Month High as Bulls Regain Control—Is $0.68 Next?
Big Banks and Crypto Giants Join the Race
Ethena and Anchorage are among the first movers, but they’re not alone. Circle, the company behind USDC, now faces new pressure as Tether and other firms, including JPMorgan and Bank of America, eye GENIUS-compliant stablecoin products.
As regulatory certainty spreads, experts predict a stablecoin renaissance in the U.S., driven by competition, transparency, and institutional trust.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
