$TLGY ACQUISITION CORPORATION(TLGYF.US) The information regarding Ethena Labs ($ENA) and Anchorage Digital's collaboration to launch USDtb as the first stablecoin compliant with the GENIUS Act has been verified as true and accurate. The announcement was publicly made on July 24, 2025 (yesterday) through official X posts by @Ethena_labs and @Anchorage, a joint press release, and reports from multiple well-known cryptocurrency and financial news media.
Key verified details:
Collaboration and Issuance: Ethena Labs has partnered with Anchorage Digital, the only federally chartered crypto bank in the U.S., to issue USDtb domestically in the U.S. This move makes USDtb, originally issued overseas, compliant with the U.S. GENIUS Act, becoming a federally regulated payment stablecoin. USDtb is backed by USD and crypto assets, with a current market cap of approximately $1.5 billion.
GENIUS Act Compliance: The GENIUS Act, enacted in 2025, provides a regulatory framework for U.S. stablecoins, emphasizing transparency, resilience, and institutional adoption. Ethena positions USDtb as the first "fully compliant" stablecoin, offering institutions a preferred digital dollar.
Additional Background: USDtb was initially launched in December 2024, primarily backed by BlackRock's BUIDL tokenized treasury fund. This collaboration leverages Anchorage's stablecoin issuance platform for compliant distribution. No inconsistencies were found regarding Anchorage's federal charter status or USDtb's regulatory status.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
