Anchorage Digital & Ethena Labs Launch USDtb, First Stablecoin on Upgraded Compliance-Focused Infrastructure
Anchorage Digital and Ethena Labs have launched USDtb, a new stablecoin priced at $1.00, with a market cap of approximately $146 million and a 24-hour trading volume of around $75,000 on the stock market today. This launch is significant, as it is the first stablecoin issued using Anchorage's upgraded infrastructure, which is expected to catalyze broader trends toward compliance within the crypto ecosystem.
USDtb's adherence to the GENIUS Act is anticipated to attract further institutional interest. Anchorage, now a leading U.S. stablecoin issuer focusing on compliance-centric digital dollars, has seen its infrastructure upgrades pave the way for this launch. The stablecoin is priced at $1.00, with a market cap of approximately $146,531,336.95 and a 24-hour trading volume of around $75,712.21 on the stock market today.
John Kojo Kumi, a cryptocurrency researcher and writer specializing in emerging startups, tokenomics, and market dynamics within the blockchain ecosystem, views this launch as a potential pivotal turn reminiscent of Circle's USDC entry.
USDtb's launch signals a step forward for Anchorage Digital, which was founded by Diogo Mónica and Nathan McCauley. With its focus on compliance and commitment to the GENIUS Act, USDtb is poised to make a significant impact on the stablecoin market, potentially attracting more institutional investors and setting a new standard for compliance within the crypto ecosystem.
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