Partnership
The move brings the previously offshore stablecoin into U.S. regulatory compliance, with Anchorage Digital assuming control over minting and redemption.
October 13, 2025
Companies mentioned:
The USDtb stablecoin has transitioned to a new operational framework, becoming the first stablecoin to be issued in a compliant manner under the recently passed GENIUS Act. The smart contract for USDtb has been transferred to Anchorage Digital, the first federally chartered crypto bank in the U.S.
This strategic move brings the formerly offshore stablecoin, previously with a market cap of $1.5 billion, into the U.S. regulatory landscape. Under the GENIUS Act, Anchorage Digital now assumes full control over the minting and redemption processes for USDtb. This required transferring the admin role for the smart contract to keys held by Anchorage Digital Bank and a subsequent upgrade to the smart contract to align with new parameters.
The partnership leverages Anchorage's new stablecoin issuance platform, which is designed as a turnkey solution for other institutions looking to launch regulated, U.S. dollar-backed digital assets. This development signals a growing trend of crypto products coming within the purview of U.S. regulations and a move towards greater institutional adoption of digital assets.
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