Anchorage and Ethena Launch USDtb Stablecoin in the U.S.

Anchorage Digital and Ethena Labs have partnered to launch USDtb, a regulatory-compliant stablecoin, in the U.S., utilizing Anchorage’s platform for institutions under the GENIUS Act.

This collaboration positions Anchorage as the leading U.S. stablecoin issuer, potentially reshaping institutional stablecoin utilization and regulatory compliance under the new federal framework.

Anchorage Partners with Ethena for First GENIUS-Compliant Stablecoin

Anchorage Digital, a federally chartered crypto bank, has partnered with Ethena Labs to introduce the USDtb stablecoin in the United States. This initiative marks the first instance of a stablecoin aligning with the GENIUS Act, featuring U.S.-based issuance and compliance.

The introduction of the USDtb stablecoin inside the U.S. financial system provides institutions access to regulated and transparent digital dollars. This move is widely seen as a significant shift in the industry. Anchorage Digital is now a major stablecoin issuer among U.S. institutions.

Nathan McCauley, CEO, Anchorage Digital: “The GENIUS Act sets a clear regulatory path, and our partnership with Ethena Labs enables compliant, institutional access to the stablecoin market. We’re bringing robust infrastructure and regulatory clarity for programmable digital assets.”

USDtb Aims for Stability Amid 1163% Volume Surge

Did you know? USDtb, by launching under the GENIUS Act, sets a precedent for compliance from the start, unlike predecessors USDC and USDT, which faced offshore scrutiny.

According to CoinMarketCap, Ethena Labs’ USDtb stablecoin holds a market cap of $146,110,555. The stablecoin’s trading volume increased 1163.09% in a day, despite minor price reductions over various periods. USDtb remains stable at $1.00 as of July 25, 2025.

Insights from the Coincu research team underscore USDtb’s alignment with regulatory standards, offering a clear compliance path in a market historically marred by regulatory uncertainties. This collaboration between Anchorage Digital and Ethena Labs could steer regulatory practices and financial innovations in the stablecoin sector.