Anchorage, Ethena Labs Launch First U.S. GENIUS-Compliant Stablecoin

- Anchorage Digital and Ethena Labs partner to introduce GENIUS-compliant USDtb. - USDtb marks a milestone as the first domestically issued stablecoin under new U.S. regulations. On July 24, 2025, Business Wire reported that Anchorage Digital, a federally chartered crypto bank, has partnered with Ethena Labs to launch the USDtb stablecoin in the United States. This launch is a significant milestone, as USDtb is the first stablecoin issued under the newly passed GENIUS Act. This act establishes a clear compliance framework for regulating stablecoins within the U.S. financial system. The GENIUS Act was crucial for this collaboration because it provides federal clarity for stablecoin regulation. As the nation's only federally regulated crypto bank, Anchorage Digital Bank will handle the onshore issuance of USDtb, bringing the stablecoin, previously available only offshore, into the American regulatory landscape. The launch will utilize Anchorage Digital’s new platform, which helps institutions issue and distribute regulated digital dollars. In the July 24 report, Nathan McCauley, CEO of Anchorage Digital, stated, “The GENIUS framework empowers federally regulated institutions to participate meaningfully in the stablecoin market.” Meanwhile, Guy Young, CEO of Ethena Labs, emphasized, “GENIUS compliance could significantly expand USDtb's use across various products and platforms.” The partnership offers institutional users a compliant, secure, and transparent way to access programmable digital dollars tailored to the U.S. financial system. As a result of the GENIUS Act setting the groundwork for federally regulated stablecoin issuance, USDtb is now positioned ahead of its competitors in the evolving market for regulated digital dollars. According to market data on July 24 at 15:09 UTC, Ethena USDe (USDe) is trading at $1.001. The offshore variant of USDtb has seen a 0.001% change in the past 24 hours.