Ethena’s USDtb Becomes First Stablecoin With a Clear Path to US Compliance
- Ethena’s USDtb will be issued in the U.S. under Anchorage Digital Bank’s federal charter.
- USDtb is the first stablecoin with a clear compliance path under the GENIUS Act.
- Anchorage remains the only active federally regulated crypto bank eligible to issue GENIUS-compliant stablecoins.
Anchorage Digital has launched a stablecoin issuance platform with Ethena Labs signed on as its first client. The move allows Ethena’s USDtb, which was previously issued offshore, to now be released in the U.S. under direct federal oversight.
Anchorage to Issue USDtb Onshore Under New GENIUS Act Framework
Anchorage Digital Bank holds a national trust charter from the U.S. Office of the Comptroller of the Currency (OCC). This unique status makes it one of the few institutions eligible to issue stablecoins under the new GENIUS Act, which President Donald Trump signed into law last week.
Related: Is Ethena Set for a Breakout? Market Indicators Point Toward Next Bullish Leg
Under the new partnership, Anchorage will now issue Ethena’s USDtb stablecoin onshore. The platform is specifically designed to support digital dollar issuance that aligns with the new U.S. regulatory…
The post Ethena’s USDtb Becomes First Stablecoin With a Clear Path to US Compliance appeared first on Coin Edition.
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Ethena’s USDtb Becomes First Stablecoin With a Clear Path to US Compliance
- Ethena’s USDtb will be issued in the U.S. under Anchorage Digital Bank’s federal charter.
- USDtb is the first stablecoin with a clear compliance path under the GENIUS Act.
- Anchorage remains the only active federally regulated crypto bank eligible to issue GENIUS-compliant stablecoins.
Anchorage Digital has launched a stablecoin issuance platform with Ethena Labs signed on as its first client. The move allows Ethena’s USDtb, which was previously issued offshore, to now be released in the U.S. under direct federal oversight.
Anchorage to Issue USDtb Onshore Under New GENIUS Act Framework
Anchorage Digital Bank holds a national trust charter from the U.S. Office of the Comptroller of the Currency (OCC). This unique status makes it one of the few institutions eligible to issue stablecoins under the new GENIUS Act, which President Donald Trump signed into law last week.
Related: Is Ethena Set for a Breakout? Market Indicators Point Toward Next Bullish Leg
Under the new partnership, Anchorage will now issue Ethena’s USDtb stablecoin onshore. The platform is specifically designed to support digital dollar issuance that aligns with the new U.S. regulatory…
The post Ethena’s USDtb Becomes First Stablecoin With a Clear Path to US Compliance appeared first on Coin Edition.
Read More
Ripple’s RLUSD Stablecoin Earns Top “A” Rating; Here’s Why XRP Stands to Benefit the Most