Anchorage and Ethena Launch First GENIUS Compliant Stablecoin

Ethena Labs partnered with Anchorage Digital and created the USDtb. The stablecoin meets current requirements of the GENIUS Act which was acted on July 17, 2025. USDtb resorts to the low-risk reserves such as cash and Treasuries. Anchorage offers regulatory compliance and federal charter. Ethena brings stablecoin tech as well as DeFi integration know-how. The partnership would establish a new regulated standard of the U.S stablecoin.

The GENIUS Act gives payment stablecoins federal control. It requires 1:1 reserves and AML/KYC. The law exposes issuers to supervision by OCC and Federal Reserve. USDtb will adhere to audited reserve requirement and transparency procedures. Access to the city of Anchorage is charter positioning it to meet the requirements of GENIUS. This is a departure out of patchwork state-based systems.

Market Significance and U.S. Dollar Reinforcement

Genius has processed $150 billion on stablecoins a year prior to the development of Genius. It can also compete with the powerful stablecoins such as USDT and USDC. A Fed research published in 2023 indicates that stablecoins reduce cross border transaction expenses by 70 percent. USDtb might strengthen the global digital dominance of U.S. dollar. The confidence which exists among institutions might increase with more clear regulation.

USDtb will go live with the regulation of U.S. by the end of Q3 2025. In response to the announcement, Ethena (ENA) advanced 12 percent in 24 hours. The initial offering of tokens can be in accordance with the exchanges of cryptocurrencies. The investors into the project include Fidelity and Franklin Templeton. USDtb can lead to future consolidation and mergers of issuers of stablecoins.

Risks and Regulatory Balancing