Anchorage Digital Launches GENIUS-Compliant USDtb Stablecoin Trading at -98.63% Deviation from 24-Hour High

Anchorage Digital has launched USDtb, a U.S. dollar-pegged stablecoin developed in partnership with Ethena Labs, marking the first use of its stablecoin issuance platform. The product is designed to comply with the Governance and Enforcement of National Innovation in United States (GENIUS) Act, positioning Anchorage as a leader in the regulated stablecoin sector. USDtb’s debut signals a strategic shift toward compliance-driven digital assets, potentially diverting institutional capital away from less regulated alternatives like USDC. The partnership has not yet triggered public reactions from crypto influencers or regulators, though industry observers are closely monitoring its impact on the broader market [1].

Current data from CoinMarketCap shows USDtb trading at $1.00 with a market cap of approximately $146.53 million and a 24-hour trading volume of $75,712.21, reflecting its early-stage adoption [2]. The token’s -98.63% deviation from its 24-hour high underscores its nascent liquidity. Coincu research suggests that USDtb’s adherence to the GENIUS Act could attract institutional investors seeking compliant stablecoin solutions, potentially setting a precedent for future initiatives in this space. The move aligns with Anchorage’s broader strategy to prioritize transparency and regulatory alignment, as evidenced by its prior collaboration with the Stablecoin Standard initiative [1].

Rachel Anderika, Head of Global Operations at Anchorage Digital, emphasized the company’s commitment to “stablecoins that demonstrate strong transparency, independence, security, and alignment with future regulatory expectations” [1]. This statement underscores Anchorage’s focus on building infrastructure that bridges the gap between innovation and compliance. The launch of USDtb follows a model similar to Circle’s USDC, which also faced initial market adaptation challenges despite its compliance-centric approach. Analysts note that USDtb’s success will depend on its ability to scale liquidity and maintain peg stability amid evolving regulatory frameworks [2].

The partnership with Ethena Labs highlights Anchorage’s role in reshaping the U.S. stablecoin landscape. By leveraging its secure infrastructure, the firm aims to establish USDtb as a preferred vehicle for institutional capital. This development could shift the competitive dynamics among stablecoin issuers, particularly those operating without clear regulatory guardrails. While the market remains cautious, the project’s alignment with the GENIUS Act could incentivize other players to adopt similar compliance measures, fostering a more transparent digital asset ecosystem [1].

Source: [1] [title1] [url1] [2] [title2] [url2]

[1] https://coinmarketcap.com/community/articles/68823d86c7cdcb62e7f6ce63/

[2] https://coinmarketcap.com/community/articles/68823d86c7cdcb62e7f6ce63/