Anchorage Digital, a digital asset bank, recently announced the launch of a stablecoin issuance platform, and worked with Ethena to introduce USDtb, originally issued offshore, into the United States, becoming the first compliant payment stablecoin that fully complies with the (GENIUS) Act. This move symbolizes the advent of the era of compliant stablecoins, and it is also expected that more traditional institutions will participate in the layout.

Anchorage is a compliant stablecoin issuance platform, and Ethena has become a designated partner

As one of the few licensed crypto banks in the United States, Anchorage Digital recently announced the launch of its own fully regulated stablecoin issuance platform focused on institutional business, and named stablecoin protocol developer Ethena as its first partner.

Ethena is set to become the first stablecoin developer whose product has a clear path to full compliance with the U.S. GENIUS Act

Through our partnership with @Anchorage, the only federally chartered crypto bank, USDtb will move onshore to become a U.S. federally regulated… pic.twitter.com/TVmsIGVZ5Y

— Ethena Labs (@ethena_labs) July 24, 2025

According to the announcement, Anchorage will assist Ethena in promoting the issuance of its US dollar stablecoin USDtb in the United States, making it the first payment stablecoin to operate legally under the framework of the GENIUS Act.

Due to regulatory reasons, USDtb was originally a synthetic dollar asset issued only outside the United States, with 90% of its reserves coming from BlackRock's tokenized U.S. bond fund BUIDL. This cooperation will further expand its transparency, stability and institutional acceptance.

Anchorage emphasized: “Clarity in regulation provides financial institutions with a clear compliance path, which will help accelerate the implementation of stablecoins in the traditional financial system.”

Ethena: USDtb will become the preferred stablecoin for institutional adoption

Ethena stated at X that through cooperation with Anchorage, USDtb will become a payment stablecoin under US regulation and provide institutional users with a highly compliant, transparent and programmable digital dollar option, making USDtb the first choice for institutional investment, payment applications and settlement and clearing businesses.

Last month, the project just cooperated with financial services provider Securitize to open an instant and seamless exchange channel between USDtb and BlackRock BUIDL Fund, showing that traditional institutions highly favor Ethena.

(Securitize and Ethena Labs open 24/7 atomic swap channel between BUIDL and USDtb)

The GENIUS Act fills the regulatory gap, and financial giants rush in

The turning point GENIUS Act (commonly known as the Stablecoin Act) was recently signed into law by President Trump, providing a complete regulatory framework for the issuance and operation of stablecoins, which quickly attracted the attention and follow-up of crypto and traditional financial institutions.

(Trump signs GENIUS Act: The US stablecoin market enters a new regulatory era. Who is the winner? How does USDT survive?)

PNC Bank subsequently announced a partnership with Coinbase to provide crypto asset custody and trading services to its customers; Western Union, the leading cross-border remittance company, also revealed that it is working on integrating stablecoins to enhance cross-border remittance efficiency. Asset management company WisdomTree quickly announced that it would rebrand its stablecoin USDW to meet the compliance requirements of the bill.

Bank of America: Stablecoin market to expand by $75 billion

According to a report by Bank of America (BofA), with the implementation of the GENIUS Act, the supply of stablecoins is expected to increase by $25 billion to $75 billion in 2 to 3 years. The driving forces behind this include regulatory clarity, product launches, infrastructure investment, and competition from tokenized deposits and money market funds.

The total market value of stablecoins worldwide is currently about $265.4 billion. In the next few years, as more crypto legislation such as the CLARITY Act is in place, BofA is expected to further integrate and expand. The report pointed out that many banks have begun planning their own stablecoin issuance strategies and are expected to participate in a consortium model to share compliance risks.

(Citibank: The U.S. banking industry will jointly establish a stablecoin alliance after the GENIUS Act is passed)

BofA CEO Brian Moynihan also revealed that the bank has completed its stablecoin layout and will officially launch it into the market when the time is right.

Compliant stablecoins become a new battlefield in the US financial sector

The compliant stablecoin platforms launched by Anchorage and Ethena not only represent technological innovation, but also symbolize the feasibility of integrating crypto projects with traditional finance. From the US government providing a legal framework to banks and payment giants actively deploying, stablecoins are leaping from a gray area to the core of global financial infrastructure.

In the coming years, as the CLARITY Act fills in the key gap in the division of regulatory responsibilities for crypto assets, the United States will be better able to lead this wave of global financial blockchain trends.

This article Anchorage launches a compliant stablecoin issuance platform and joins hands with Ethena to introduce USDtb to the United States first appeared in Chain News ABMedia.