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💥 Ethena Taps Anchorage to Issue $1.5B USDtb Stablecoin Under GENIUS Act
Decentralized finance (DeFi) platform #Ethena is set to bring its $1.5 billion stablecoin to the U.S. market, teaming up with crypto bank Anchorage Digital to issue the token under the new stablecoin laws.
As part of the partnership the firms announced on Wednesday, federally regulated crypto bank Anchorage will issue the USDtb token directly in the U.S. under the GENIUS Act's compliance standards.
That's a move away from the token's current offshore issuance model, a move that aims to create a pathway for institutions t
Decentralized finance (DeFi) platform #Ethena is set to bring its $1.5 billion stablecoin to the U.S. market, teaming up with crypto bank Anchorage Digital to issue the token under the new stablecoin laws.
As part of the partnership the firms announced on Wednesday, federally regulated crypto bank Anchorage will issue the USDtb token directly in the U.S. under the GENIUS Act's compliance standards.
That's a move away from the token's current offshore issuance model, a move that aims to create a pathway for institutions t