- USDtb complies with GENIUS Act, offering a regulated crypto asset.
- Increases confidence in the stablecoin sector.
- USDtb issuance marks a shift in U.S. stablecoin policy.
Ethena Labs and Anchorage Digital have launched USDtb, the first GENIUS Act-compliant stablecoin, now fully regulated and issued onshore in the U.S.
This marks a pivotal step in transitioning stablecoins toward regulatory compliance, significantly impacting institutional involvement and market dynamics.
Ethena Labs and Anchorage Announcement
Ethena Labs and Anchorage Digital have announced the launch of USDtb, marking significant advancements in regulatory compliance for stablecoins. The initiative follows the newly enacted GENIUS Act. The collaboration shifts USDtb from offshore to U.S.-based issuance. Both firms leverage Anchorage’s unique status as a federally chartered crypto bank.
Impact on U.S.-Based Stablecoins
This launch positions USDtb as a leading federally regulated stablecoin in the U.S., potentially affecting institutional crypto adoption. Key impacts include increased confidence and compliance. The GENIUS Act facilitates federal oversight of U.S. stablecoins, mandating strict reserve requirements.
Market Reception and Future Implications
Ethena’s governance token experienced a 10% uptick, reflecting positive market reception. Long-term effects on the DeFi landscape remain under scrutiny. Experts suggest increased U.S.-based issuance could shape future crypto regulatory trends. This move could set a benchmark for compliance-focused assets under federal scrutiny.
Guy Young, Co-Founder & CEO, Ethena Labs, says, “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.”
