Anchorage Digital Issues USDtb: America’s First Federally Regulated Stablecoin
Today, Anchorage Digital Bank announced the onshoring of USDtb, America’s first federally regulated stablecoin—a milestone that redefines how digital dollars are created, governed, and trusted in the U.S. financial system. This made-in-America stablecoin is purpose built for federal compliance and will circulate under direct oversight by the Office of the Comptroller of Currency (OCC) through Anchorage Digital Bank, setting a new standard for transparency, safety, and regulatory clarity in digital dollar issuance.
Anchorage Digital Bank has issued USDtb in partnership with Ethena Labs, as part of a collaboration announced earlier this year to bring USDtb to the U.S. market under secure, compliant, and scalable stablecoin infrastructure.
The launch represents the culmination of Anchorage Digital Bank’s long-term strategy to enable issuance of stablecoins in line with federal law at scale. Over the past year, Anchorage Digital acquired Mountain Protocol and built the industry’s first turnkey, federally regulated infrastructure for minting, redeeming, and managing issuance of stablecoins. Together, these advancements positioned Anchorage Digital Bank to bring USDtb to the U.S. market—a historic first for the industry.
“Today we are breaking new ground by launching America’s first federally regulated stablecoin issued from Anchorage Digital Bank. This marks a defining moment in on-shoring stablecoin innovation and advancing U.S. leadership in the digital age. Our work with Ethena Labs proves federally regulated stablecoin infrastructure is not only possible—it is the future of U.S. crypto. As the first and only federally regulated stablecoin issuer, we are proud to provide the safety, security, and regulatory compliance institutions need to participate at meaningful scale.”
—Nathan McCauley, Co-Founder and CEO of Anchorage Digital.
USDtb sets a new benchmark for how digital dollars can be safely integrated into the U.S. financial system. The GENIUS Act establishes clear guardrails for issuance, reserves, and redemption, enabling regulated banks like Anchorage Digital to anchor trust and accountability in the stablecoin ecosystem.
“Onshoring USDtb in partnership with Anchorage Digital marks a pivotal moment not just for Ethena Labs, but for the future of stablecoins under U.S. oversight. Partnering with the first federally chartered crypto bank to bring USDtb to America demonstrates that innovation and regulation can advance together. This development marks a new standard for transparency and trust in digital dollars, and establishes a model for how institutional-grade stablecoins can operate within regulated financial systems.”
—Guy Young, Founder of Ethena Labs
This event is also the first time a major stablecoin—with a market cap close to $2B—has moved to a new issuer, setting a precedent for the industry. This transition has followed extensive collaboration between Ethena Labs and Anchorage Digital to ensure an orderly and secure hand-off. Moving forward, Anchorage Digital Bank will be the sole issuer of USDtb.
The reserves supporting USDtb are almost entirely invested in BUIDL, BlackRock’s market-leading tokenized U.S. Treasury fund. As a result, Anchorage Digital is now one of the leading holders of BUIDL tokens.
With USDtb’s launch, Anchorage Digital Bank cements its position as the default partner for institutions and innovators looking to participate in stablecoins in the U.S.—offering federally regulated issuance, settlement, custody and treasury management within a single platform.
Stablecoins have become the connective tissue of modern finance, powering real-time payments, cross-border transactions, and programmable commerce. By aligning innovation with federal oversight, Anchorage Digital Bank is ensuring that the digital dollar economy is positioned to continue thriving and growing by building on a foundation of trust, transparency, and U.S. leadership.
For more information on Anchorage Digital Bank’s federally regulated stablecoin issuance platform, please get in touch.
Disclaimer: USDtb is not a deposit, not FDIC insured, and not endorsed or guaranteed by the US government.
Press Contacts
Anchorage Digital
press@anchorage.com
About Anchorage Digital
Anchorage Digital is a global crypto platform that enables institutions to participate in digital assets through trading, staking, custody, governance, settlement, stablecoin issuance, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, which is licensed by the Monetary Authority of Singapore; Anchorage Digital NY, which holds a BitLicense from the New York Department of Financial Services; and self-custody wallet Porto by Anchorage Digital. The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.
This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.
Anchorage Digital Bank National Association offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian.
