Ethena Labs is partnering with Anchorage Digital to launch a fully regulated version of USDTB Stablecoin in the US, a fully regulated version of USDTB Stablecoin, and collaborates with the newly enacted genius law, according to a statement on July 24th.
The collaboration is a major milestone for Ethena as it shifts the issuance of USDTB to the domestically regulated genius law framework that President Donald Trump recently signed into law.
The Genius Act has created a federal regulatory framework for Stablecoins and grants Federal Reserve oversight authority over the industry. It imposes strict conditions on reserve asset holdings and compliance requirements on issuers operating in the United States.
The role of Anchorage
Ethena confirmed that USDTB is issued directly by Anchorage, a federally recognized cryptocurrency.
The company says the publication will use Anchorage’s Stablecoin platform. This provides a streamlined path for institutions to release compliant digital dollars.
Anchorage is the only crypto-born company in the country with a federal banking charter, giving it a unique advantage when issuing compliant digital assets.
By moving out land issuances, Ecena gains a stronger foothold in the US stubcoin market, whilst strengthening investor trust through Anchorage’s regulatory situation.
“We’re looking forward to seeing you in the future,” said Nathan McCauley, CEO and co-founder of Anchorage Digital.
“The passing of the Genius Act provides regulatory clarity that allows federally regulated agencies, such as Anchorage Digital Bank, to fully participate in the Stablecoin ecosystem.
USDTB is seeing strong demand
Guy Young, CEO of Ethena Labs, said the company has seen strong demand for USDTB, which has led to its digital asset genius.
He added:
“We hope that Genius Compliance will enable our partners and holders to confidently and significantly expand their use across new products and platforms.”
USDTB was first launched in December 2024 in collaboration with Securitize, the issuer of BlackRock’s tokenized BuidL fund.
The token represents the share of BlackRock’s Buidl fund, which holds assets of more than $2.4 billion, a short-term US Treasury bill.
Buidl is the largest tokenized financial fund and operates on several blockchain networks, including Ethereum, Aptos, Avalanche, and Layer 2 networks such as Arbitrum, Optimism, and Polygon.