- Ethena joins forces with Anchorage, a U.S. crypto bank.
- USDtb could become first GENIUS Act-compliant stablecoin.
- Partnership signals serious move toward U.S. regulation.
Ethena has taken a major step in crypto regulation by announcing a partnership with Anchorage Digital, the only federally chartered crypto bank in the U.S. The goal? To transition its USDtb stablecoin from an offshore model to a federally regulated U.S. payment stablecoin.
This partnership gives Ethena a unique advantage—Anchorage brings credibility and regulatory oversight to the table. By aligning with a federally regulated institution, Ethena is showing its intent to operate within the U.S. legal framework, ensuring transparency and long-term trust.
GENIUS Act Compliance: A First for Stablecoins?
Ethena claims that USDtb is positioned to become the first stablecoin with a clear and direct path to full compliance under the GENIUS Act. This act is designed to create a secure, regulated environment for payment stablecoins in the United States.
If successful, USDtb would be the first stablecoin to meet the GENIUS Act’s requirements—potentially setting a regulatory precedent for other crypto projects. The move reflects the growing importance of legal clarity in the digital asset space.
Anchorage’s Role in the Compliance Journey
Anchorage’s federal charter makes it a crucial partner in this initiative. Not only does it act as a secure custodian, but it also serves as a regulatory bridge for Ethena. This collaboration may push other stablecoin issuers to consider working with regulated financial institutions in the U.S.
As regulatory pressure builds globally, the Ethena-Anchorage partnership could serve as a model for how crypto firms can adapt and thrive within established legal frameworks.
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