Ethena Labs’ USDtb Makes Waves in U.S. Debut via Anchorage Digital’s Cutting-Edge Stablecoin Platform

Move over, Tether—there's a new synthetic dollar in town. Ethena Labs' USDtb just hit the U.S. market through Anchorage Digital's institutional-grade stablecoin infrastructure, and the timing couldn't be more perfect.

Why This Matters

While legacy finance still debates stablecoin regulation, crypto-native institutions are building the rails for the next generation of programmable money. Anchorage's platform gives USDtb instant credibility with institutional players who've been waiting for compliant crypto-dollar alternatives.

The Fine Print

No yield promises or algorithmic magic here—just a collateral-backed digital dollar designed for institutions tired of USDt's baggage. Of course, in true crypto fashion, it's launching while half of Congress still thinks 'stablecoin' refers to a new type of retirement account.

Bottom Line

Another day, another dollar—digitized. The race to replace traditional finance isn't slowing down, even if the suits still don't get it.

Anchorage Digital Bank will issue USDtb in the U.S.

As part of the agreement, Anchorage Digital Bank will issue USDtb inside the United States. This puts the company ahead of other firms trying to launch stablecoins that meet the new requirements under the GENIUS Act.

By going through Anchorage Digital Bank, USDtb will meet those standards from day one. It’s designed for institutions that want programmable digital dollars they can actually use inside the system without relying on offshore entities.

Anchorage CEO Nathan McCauley said the new law removes any ambiguity. “The passage of the GENIUS Act provides the regulatory clarity that enables federally regulated institutions like Anchorage Digital Bank to fully participate in the stablecoin ecosystem,” Nathan said. He added that the company is supporting Ethena in getting USDtb into the country and making it more transparent for partners.

Ethena CEO Guy Young said moving USDtb into the U.S. through Anchorage changes everything. “While we’ve already seen strong demand for USDtb, we expect GENIUS compliance to empower our partners and holders to confidently and significantly expand its use across new products and platforms,” Guy said.

He also said working with Anchorage, currently the only crypto bank regulated at the federal level, gives the project the right structure to grow without losing flexibility or reliability.

The partnership is not just about one token. Anchorage Digital said the platform was built to support more institutions that want to issue stablecoins legally. But USDtb is the first one out the gate. It’s also the first one to follow the GENIUS rules in full from launch. That gives it an edge with U.S. firms who want something clean, legal, and easy to integrate into existing infrastructure.

KEY Difference Wire: the secret tool crypto projects use to get guaranteed media coverage