Anchorage Digital Launches USDtb, America’s First Federally Regulated Stablecoin
Anchorage Digital Bank has launched USDtb, America’s first federally regulated stablecoin, marking a historic milestone in U.S. financial innovation. Issued under the direct oversight of the Office of the Comptroller of the Currency (OCC), USDtb establishes a new regulatory benchmark for how digital dollars are created, governed, and trusted within the American financial system.
The launch follows Anchorage Digital’s acquisition of Mountain Protocol and the development of the first fully compliant, turnkey infrastructure for minting, redeeming, and managing stablecoins under federal law. By onshoring USDtb, Anchorage Digital positions the U.S. as a leader in transparent, institutionally secure stablecoin issuance—a move designed to ensure that innovation remains firmly anchored within regulated finance.
Issued in partnership with Ethena Labs, the transition of USDtb to Anchorage Digital Bank represents the culmination of a multi-year effort to align stablecoin operations with federal banking standards, offering institutions the security and accountability necessary for large-scale participation in the digital dollar economy.
Takeaway
Redefining Stability And Compliance In Digital Dollars
USDtb is the first stablecoin to circulate under direct federal supervision, bringing stablecoin issuance into alignment with traditional banking standards. The coin’s issuance framework complies with the GENIUS Act, which provides guardrails for reserves, redemption, and transparency—offering a model for how regulated banks can securely issue digital currencies backed by U.S. Treasuries and other high-quality assets.
“Today we are breaking new ground by launching America’s first federally regulated stablecoin issued from Anchorage Digital Bank,” said Nathan McCauley, Co-Founder and CEO of Anchorage Digital. “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 securety, security, and regulatory compliance institutions need to participate at meaningful scale.”
USDtb’s reserves are primarily invested in BlackRock’s BUIDL tokenized U.S. Treasury fund, one of the most advanced examples of in operation. This ensures both liquidity and transparency while . Through this structure, Anchorage Digital Bank becomes one of the largest institutional holders of BUIDL tokens, further infrastructure.
Takeaway
Industry Collaboration Ushers In A New Era Of Regulated Stablecoins
The onshoring of USDtb is the result of extensive collaboration between Anchorage Digital Bank and Ethena Labs. The two firms have worked closely to ensure a seamless and secure transition of issuance rights, marking the first time a major stablecoin with a market capitalization near $2 billion has shifted to a federally regulated issuer.
Ethena Labs’ Founder Guy Young said: “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 systems.”
This transition also reflects a maturing , where institutional-grade infrastructure is required to support global scale and compliance. Anchorage Digital’s bank charter ensures stablecoin operations meet the identical prudential standards as federally supervised banks, including capital adequacy, AML/CFT measures, and ongoing regulatory reporting.
Takeaway
Anchoring The Digital Dollar In Federal Trust
The launch of USDtb solidifies Anchorage Digital Bank’s position as the default partner for institutions viewking secure access to stablecoin infrastructure in the U.S. The bank now offers an end-to-end suite of regulated services, from issuance and redemption to settlement, custody, and treasury management, all built within a single compliant platform.
By aligning with federal oversight, Anchorage Digital is enabling institutions to engage with the digital asset ecosystem with confidence, ensuring that U.S.-backed stablecoins retain the transparency and reliability necessary to function within the wider financial system. As stablecoins continue to underpin global payments, liquidity, and tokenized markets, USDtb’s model offers a foundation for the next generation of programmable finance—anchored in trust and accountability.
Stablecoins have emerged as the connective tissue of modern finance, enabling instant cross-border transactions, real-time settlements, and programmable commerce. USDtb represents the evolution of this technology from speculative infrastructure to regulated financial backbone, combining the efficiency of blockchain with the rigor of federal compliance.
Takeaway
A Defining Step For U.S. Leadership In Digital Finance
The onshoring of USDtb is a watershed moment for the future of regulated crypto infrastructure. It signals that the United States, through institutions like Anchorage Digital Bank, is prepared to lead the global race toward secure, on-chain financial systems. The integration of stablecoin issuance into federally supervised banking channels introduces a template that other jurisdictions may follow, balancing innovation with securety.
By providing clarity around reserves, redemption rights, and regulatory oversight, Anchorage Digital Bank is reinforcing confidence in the digital dollar and ensuring that stablecoins continue to evolve under the principles of transparency and rule of law. In doing so, it strengthens America’s position as a global standard-bearer for responsible financial innovation.
Takeaway
