Anchorage Digital Bank Launches First GENIUS-Compliant Stablecoin with Ethena Labs

Anchorage Digital Bank has partnered with Ethena Labs to issue USDtb, the first stablecoin compliant with the GENIUS Act in the United States. This yield-bearing dollar token, backed by BlackRock’s BUIDL and crypto collateral, marks a significant step in regulated digital asset adoption.

The onshore minting and redemption of USDtb under federal oversight provides institutional players with a compliant gateway into the stablecoin market. Anchorage’s infrastructure ensures seamless integration for asset managers and financial institutions.

Ethena’s synthetic dollar protocol has already demonstrated traction offshore, with USDtb achieving $1.45 billion in total value locked prior to its U.S. regulatory approval. The GENIUS Act framework now establishes clear guidelines for stablecoin issuance nationwide.