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The Coin Rise 2025-07-24 21:45:06

Anchorage Digital to Launch First GENIUS-Approved Stablecoin

Anchorage Digital, the first crypto bank approved by the U.S. government, has recently shared big news. The bank will now issue a new digital dollar called USDtb, created by Ethena Labs. USDtb is now the first stablecoin to comply with all the rules outlined in the GENIUS Act. This new law establishes clear guidelines for the operation of stablecoins in the United States. Now, with Anchorage’s help, USDtb will be launched safely and legally in the U.S. Anchorage Brings USDtb Onshore USDtb is not just another digital dollar. It is a yield-bearing token backed primarily by BlackRock’s BUIDL fund and crypto assets, rather than traditional cash reserves. This structure enables it to maintain its value at $1 while providing returns to holders. Until now, the token has only been available offshore. Through this partnership, Anchorage Digital Bank will start minting and redeeming USDtb within the United States. This marks the first time the token will be available under direct federal regulation. Anchorage’s stablecoin issuance platform will act as the engine that powers the creation, distribution, and redemption of these digital dollars onshore. The platform is designed as a turnkey system. This means it offers a complete, ready-to-use solution for Ethena to launch its stablecoin in the U.S. in line with the GENIUS Act’s new standards. GENIUS Act Ushers in New Rules and Big Opportunities for Stablecoins The announcement comes shortly after President Donald Trump signed the GENIUS Act into law . The act is the first major U.S. law focused on stablecoin regulation. It provides clear legal guidance for how these digital assets can be issued and managed. Industry leaders and government officials believe the law will boost the adoption of regulated stablecoins. Treasury Secretary Scott Bessent and other policymakers have stated that the law opens the door to greater use of digital dollars by asset managers, payment providers, and corporations. Anchorage CEO Nathan McCauley said the GENIUS Act gives institutions the clarity and green light they need to enter the stablecoin market. Guy Young, CEO of Ethena Labs, sees the partnership with Anchorage as a significant step forward for USDtb. He believes that federal oversight will enhance trust in the token and increase its adoption. According to DefiLlama, USDtb has already reached $1.45 billion in Total Value Locked (TVL) since launching offshore in December. Anchorage Joins the Top Stablecoin Companies With this step, Anchorage is now part of a group of big names like Circle, Tether, and PayPal that already offer stablecoins. However, now, all of these companies must follow the new GENIUS Act rules. At the same time, major banks like JPMorgan and Citibank are also exploring stablecoins and other digital methods for global money transfers. By being the first to launch a GENIUS-approved stablecoin in the U.S., Anchorage and Ethena Labs are helping build a safer and more open future for digital dollars. The post Anchorage Digital to Launch First GENIUS-Approved Stablecoin appeared first on TheCoinrise.com .

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