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Ethena and Anchorage Collaborate to Make USDtb a U.S.-Compliant Payment Stablecoin
In a groundbreaking move, Ethena Labs has partnered with Anchorage Digital Bank to create a U.S.-compliant payment stablecoin in the form of USDtb. This collaboration aims to align USDtb’s issuance with federal regulations, making it accessible for integration into regulated financial services.
As part of this agreement, Anchorage will act as the official issuer of USDtb, leveraging its banking license and digital dollar infrastructure to ensure compliance with the GENIUS Act. The newly introduced regulation imposes strict reserve requirements on stablecoin issuers and grants the Federal Reserve oversight authority.
This development is crucial for USDtb’s expansion in the U.S. market, providing a clear path forward for further growth and adoption. Ethena Labs has shifted its focus towards creating a regulated version of the stablecoin, effectively transitioning USDtb issuance to Anchorage Digital Bank.
The partnership reinforces Anchorage’s position as a reliable digital asset provider for institutional clients, while also ensuring that USDtb meets the transparency and security requirements outlined in the law. The combined effort enables U.S. financial institutions to integrate USDtb into their platforms without regulatory conflicts.
Ethena Labs’ CEO, Guy Young, emphasized that aligning with GENIUS compliance will allow partners and users to expand USDtb’s capabilities into new product and use cases. Anchorage Digital Bank’s CEO, Nathan McCauley, also highlighted the significance of this move, stating that federal bank backing brings stability needed for stablecoins to play a central role in modern finance.
This groundbreaking initiative sets an essential precedent for the industry by establishing a stablecoin with a defined path towards full federal compliance.
Source: crypto-economy.com
