Anchorage Digital Partners with Ethena Labs to Launch USDtb in Compliance with GENIUS Act

Anchorage Digital partners with Ethena Labs to bring USDtb stablecoin to the U.S., aligning with the GENIUS Act to become a leading regulated issuer.

The move positions Anchorage as a prominent player, potentially shifting institutional investments towards compliant digital dollars and impacting existing stablecoin dynamics in the U.S. market.

Anchorage Digital Debuts USDtb, Setting New Compliance Standards

Anchorage Digital, famed for its digital asset infrastructure, has paired up with Ethena Labs to launch the USDtb stablecoin in the United States. This represents the debut of Anchorage’s stablecoin issuance platform. Anchorage steps in as a leader, driving the issuance of compliance-centric digital dollars in the region through USDtb. Anchorage’s shift implies a recalibration away from non-compliant stablecoins like USDC, attracting compliant institutional capital. The partnership has yet to elicit public commentary from notable crypto figures or regulatory bodies, maintaining a watchful industry interest.

Current data from CoinMarketCap highlights USDtb’s price at $1.00 with a market cap of approximately formatNumber(146531336.95, 2), showcasing its nascent market presence. Its 24-hour trading volume reflects a formatNumber(75,712.21, 2) value and a deviation of -98.63%. Coincu research anticipates USDtb’s GENIUS Act adherence to spur further institutional interest, potentially paving the way for future compliant stablecoin initiatives. Infrastructure upgrades at Anchorage could catalyze broader trends toward compliance within the crypto ecosystem. This reflects Anchorage’s continued efforts, as shown in their collaboration with Stablecoin Standard to boost stablecoin innovation.

“Anchorage Digital is focused on supporting stablecoins that demonstrate strong transparency, independence, security, and alignment with future regulatory expectations,” said Rachel Anderika, Head of Global Operations.

USDtb Launch: Price Insights and Future Market Implications

Did you know? The introduction of USDtb could signal a pivotal turn reminiscent of Circle’s USDC entry, which also sought stringent compliance and faced market adaptation challenges.

Current data from CoinMarketCap highlights USDtb’s price at $1.00 with a market cap of approximately formatNumber(146531336.95, 2), showcasing its nascent market presence.

Coincu research anticipates USDtb’s GENIUS Act adherence to spur further institutional interest, potentially paving the way for future compliant stablecoin initiatives.