🏛️ USDtb Becomes First Federally-Regulated Stablecoin Under GENIUS Act
🏛️ USDtb Becomes First Federally-Regulated Stablecoin Under GENIUS Act
🏛️ First Regulated Stablecoin
USDtb has officially transitioned to Anchorage Digital, marking a historic milestone as the first federally-regulated stablecoin issued under the GENIUS Act.
Key Changes:
- Smart contract admin role transferred to Anchorage Digital Bank
- Contract upgraded to meet regulatory requirements
- Anchorage now controls all minting and redemption operations
The transition was conducted transparently with all parties on video call and third-party auditors overseeing the process. This represents a significant step toward compliant stablecoin operations in the US regulatory framework.
The move follows months of preparation, with USDtb selecting Anchorage after extensive due diligence on GENIUS Act compliance pathways.
As previously announced below, earlier today the USDtb smart contract was transitioned to Anchorage Digital, a monumental onshoring making USDtb the first federally-regulated stablecoin issued in a compliant manner under the GENIUS Act.
Ethena is set to become the first stablecoin developer whose product has a clear path to full compliance with the U.S. GENIUS Act Through our partnership with @Anchorage, the only federally chartered crypto bank, USDtb will move onshore to become a U.S. federally regulated
🚀 Plasma Unlocks Leveraged
**Aave's Plasma instance** now supports Principal Tokens (PTs) for USDe and sUSDe, each with **$200M supply capacity**. **Key Features:** - USDT borrow rates at competitive **~4% APY** - Market-leading incentives for leveraged PT exposure - Direct YT buying incentives to boost PT rates above market **What This Means:** Plasma positions itself as the premier destination for **leveraged Ethena asset exposure** through Pendle integration. **Incentive Structure:** - USDe YT holders: **60x Ethena Points + XPL rewards** - sUSDe YT holders: **20x Points + XPL rewards** - PTs trading above mainnet rates at **~10%** With over **$3.5B USDT** already on Aave Plasma, the platform is set to become the second-largest venue for leveraged Ethena PT exposure. **More capacity increases expected** as demand grows for this integrated DeFi solution.
Ethena Partners with Conduit to Bring Stablecoin Infrastructure to 55% of Ethereum Chains
**Ethena's Stablecoin-as-a-Service now available on Conduit** Ethena has integrated its stablecoin infrastructure with Conduit, the platform powering 55% of Ethereum chains with over $4B TVL across 60+ mainnet deployments. **Key benefits for chains:** - Out-of-the-box stablecoin deployment capability - Access to Ethena's battle-tested infrastructure at $10B+ scale - Ability to capture stablecoin economics and build custom dollar assets - Deep distribution across DeFi and CeFi from day one **Growing partner network includes:** - MegaETH Labs - Sui Network - Jupiter Exchange - More partnerships coming soon This integration expands Ethena's reach to the largest chain infrastructure platform, allowing Conduit's marketplace users to access best-in-class stablecoin tooling alongside other essential services. The partnership strengthens Ethena's Whitelabel program, which enables chains, apps, and wallets to create their own stablecoins while retaining economic benefits from backing assets. Learn more: [Ethena Whitelabel Program](https://ethena.fi/products/whitelabel)
Ethena's Combined TVL Breaks $16B Milestone
**Ethena's stablecoin ecosystem hits new record** The combined Total Value Locked (TVL) for Ethena's USDe and USDtb stablecoins has **surpassed $16 billion**, marking another all-time high for the protocol. **Key highlights:** - Both USDe and USDtb contributing to the milestone - Continued growth trajectory from previous $6B supply milestone in July - Demonstrates sustained adoption in the stablecoin market This achievement reflects **growing confidence** in Ethena's synthetic dollar approach and positions the protocol as a significant player in decentralized stablecoin infrastructure.
Binance Launches Ethena USDe Savings Product with 12% APR
**Binance has launched Ethena-powered dollar savings** for its 280+ million users, offering **12% APR on unlimited USDe holdings**. Key details: - Available to all Binance users immediately - No size limits on deposits - Part of expanded Ethena-Binance partnership This integration gives Binance's massive user base access to USDe, which Ethena describes as a fast-growing digital dollar. The platform manages over $190 billion in user assets. **More USDe products coming** across additional Binance services in the coming weeks and months, signaling deeper collaboration between the two platforms. The 12% yield represents a significant return opportunity for stablecoin holders seeking alternatives to traditional savings products.