Anchorage Digital, the first federally licensed cryptocurrency bank in the US, will issue Ethena Labs' USDtb stablecoin in the US, the first to comply with the newly enacted GENIUS Act.
USDtb is a yield-bearing stablecoin backed by BlackRock's BUIDL and cryptocurrency collateral instead of traditional reserves.
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Since its offshore launch in December, it has grown to a total value locked (TVL) of $1.45 billion, according to DefiLlama.
Anchorage will mint and redeem USDtb nationally, bringing it under federal oversight for the first time.
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The move follows President Trump's signing of the GENIUS Act.