TLDR:
- Anchorage and Ethena partner to issue USDtb under new U.S. federal stablecoin rules
- Anchorage Digital will serve as the federally regulated issuer of USDtb.
- The move shifts USDtb from offshore issuance to U.S. regulatory compliance.
- The GENIUS Act is pushing stablecoin issuers to adopt transparent, legal frameworks.
Ethena Labs is bringing its offshore-issued stablecoin, USDtb, home.
In a major step, it’s teaming up with Anchorage Digital to issue USDtb directly in the U.S. This marks the first clear route for any stablecoin to align with the new GENIUS Act.
The move is designed to bridge the gap between innovation and federal regulation. Both parties say it’s about security, compliance, and long-term trust.
Anchorage Becomes the Issuer for USDtb
Anchorage Digital, the only federally chartered crypto bank in the U.S., confirmed it will issue USDtb under U.S. regulations.
Ethena, known for building compliance-first digital asset products, sees this shift as critical to meeting growing demand. USDtb was previously issued offshore, limiting its role in regulated markets. Now, Anchorage’s platform gives it a clean path into the U.S. financial system.
Anchorage described the GENIUS Act as a turning point. With it, stablecoin issuers have a defined legal framework for federal compliance. The bank said its role ensures stablecoins like USDtb meet the highest U.S. standards.
Ethena announced a partnership with Anchorage, the only federally chartered crypto bank in the U.S., to transition USDtb from an offshore model to a federally regulated payment stablecoin. Ethena claims that its USDtb is expected to become the first stablecoin with a clear path…
— Wu Blockchain (@WuBlockchain) July 24, 2025
Ethena’s team believes regulatory clarity will drive stronger adoption of USDtb. CEO Guy Young said that working with Anchorage creates a foundation to scale responsibly. The GENIUS Act unlocks doors for broader use across platforms and products. It’s no longer just about demand; it’s about access with trust.
The move gives institutional players confidence. They can now hold and use USDtb through a regulated channel. It aligns with growing pressure in Washington to reel in stablecoin risks without choking innovation.
GENIUS Act Spurs Stablecoin Shift
Passed recently, the GENIUS Act aims to regulate stablecoin issuance within the U.S. It brings strict guidelines around transparency, backing, and redemption rights. For many issuers, this means either adapting or staying out of U.S. markets.
Anchorage saw an opportunity and built a turnkey issuance platform for projects ready to go compliant. Ethena’s USDtb becomes the first to take that path. It’s not just a tech upgrade: it’s a shift toward institutional-grade digital finance.
This partnership signals the next phase for U.S. stablecoins. Ethena now operates with a federally backed partner and a compliance-ready framework. USDtb becomes more than a product; it’s a regulated asset with a legal home in the U.S.
As stablecoins power settlement, payments, and infrastructure, the pressure to align with federal standards will only grow. Ethena and Anchorage are stepping in early, trying to set the tone for what comes next.
The post Ethena and Anchorage Bring USDtb Onshore Under GENIUS Act Compliance appeared first on Blockonomi.
Source: https://blockonomi.com/ethena-and-anchorage-bring-usdtb-onshore-under-genius-act-compliance/