In a landmark development for crypto regulation, Anchorage Digital Bank will issue Ethena Labs’ USDtb—the first stablecoin engineered to comply with the GENIUS Act.
USDtb, a yield-bearing synthetic dollar backed by BlackRock’s BUIDL and crypto assets, has already reached $1.45 billion in TVL since its offshore launch. Now, Anchorage will bring it under US federal oversight, enabling compliant minting and redemptions.
This partnership positions USDtb as a pioneer in regulated, programmable digital dollars—just days after President Trump signed the GENIUS Act into law. Analysts predict the legislation will accelerate institutional adoption of stablecoins as cash alternatives.
