Back

Anchorage Digital and Ethena Labs Launch USDtb, First GENIUS-Compliant Stablecoin in the US

Anchorage Digital introduces USDtb in partnership with Ethena Labs, marking a significant step in regulatory compliance for stablecoins in the U.S.

USDE
USDTB

Summary

Anchorage Digital has launched USDtb, the first U.S. stablecoin compliant with the GENIUS Act, in partnership with Ethena Labs. This initiative aims to enhance institutional access to regulated digital dollars, fostering transparency and compliance in the digital asset market. The stablecoin, currently issued offshore, will now be available in the U.S., providing a secure option for institutions navigating the evolving regulatory landscape.

Terms & Concepts
  • GENIUS Act: A legislative framework in the U.S. aimed at providing regulatory clarity for stablecoins and digital currencies.
  • stablecoin: A type of cryptocurrency designed to maintain a stable value by pegging it to a reserve asset, such as the U.S. dollar.
  • federally chartered crypto bank: A bank that operates under a federal charter, allowing it to provide banking services while complying with federal regulations.