Ethena Labs has launched its institution-grade stablecoin, USDtb, on the Solana network.

This strategic expansion is supported by a partnership with Anchorage Digital, the first and only federally chartered crypto bank in the United States. The collaboration provides U.S.-based custody for USDtb, establishing a robust and compliant infrastructure for stablecoins on Solana.

The move is part of a broader trend of bringing regulated, institution-grade financial products to decentralized networks. By leveraging Anchorage Digital’s federally regulated platform, Ethena aims to offer a stablecoin with a clear path to compliance. This development not only enhances the stablecoin ecosystem on Solana but also signals a growing convergence between traditional financial regulations and the digital asset space, potentially attracting more risk-averse institutional capital to the on-chain economy.