Ethena Labs works together with Anchorage Digital to launch a fully regulated version of his USDTB Stablecoin in the United States, in accordance with the newly established Genius Act, according to a statement of 24 July.
The collaboration marks an important milestone for Ethena, while the issue of USDTB is transferred to a genius act framework that has recently signed in the interior that US President Donald Trump has signed in the law.
The Genius Act creates a federal regulatory framework for Stablecoins and grants the Federal Reserve Oversight Authority about industry. It imposes strict conditions for reserve assets and compliance requirements in the US active expenses that are active.
The role of Anchorage
Ethena confirmed that USDTB will now be directly issued by Anchorage, a federally chartered crypto institution.
According to the company, the issue will use the Stablecoin platform of Anchorage, which offers a streamlined path for institutions to release conforming digital dollars.
Anchorage remains the only Crypto-Native company in the country with a federal bank charter, giving it a unique advantage when issuing conforming digital assets.
By relocating his issue on ONSHORE, Ethena gets a stronger foothold in the American Stablecoin market and at the same time reinforcing the confidence of investors through the regulatory status of Anchorage.
Nathan McCauley, CEO and co-founder of Anchorage Digital, said:
“The approval of the Genius Act offers the regulatory clarity that enables federally regulated institutions such as Anchorage Digital Bank to take full part in the Stablecoin -Ecosystem … Because Stablecoins become a fundamental layer of modern finances, it is essential that they are built on the last.”
USDTB sees a strong question
Guy Young, CEO of Ethena Labs, stated that the company has seen a strong demand for USDTB, which resulted in the move to make the digital asset-genius conform.
He added:
“We expect that genius compliance will enable our partners and holders to use new products and platforms with confidence and considerably expand.”
USDTB was initially launched in December 2024 in collaboration with Securitize, the issue of BlackRock’s Tokenized Buidl Fund.
The Token represents part of the Buidl Fund of BlackRock, which has more than $ 2.4 billion in assets, mainly short-term accounts of the American treasury.
Buidl is the largest tokenized treasury fund and works in various blockchain networks, including Ethereum, Aptos, Avalanche and Layer-2 networks such as arbitrum, optimism and polygon.