USDtb: Anchorage Digital’s Federally Regulated Stablecoin Marks a Turning Point in Crypto Banking

by Sean Lennon Fintech

Anchorage Digital—the first crypto‑native bank with a U.S. national trust charter—has launched USDtb, a fully regulated, Treasury‑backed stablecoin built with Ethena Labs. The announcement follows months of preparation to bring a compliant, on‑chain dollar to institutional finance.

USDtb at a Glance

According to Anchorage’s announcement, USDtb has been issued in the U.S. by Anchorage Digital Bank, with Ethena Labs providing technology and market infrastructure. The coin is designed as an institutional stablecoin with reserves primarily in tokenized U.S. Treasury fund products, including BlackRock’s BUIDL Fund, and is documented in the Ethena USDtb docs and the dedicated USDtb documentation portal.

Live reserve and supply data are available on USDtb’s transparency page. Earlier background on the Anchorage–Ethena collaboration is in their July announcement: “Anchorage Digital Partners with Ethena Labs to Launch the First GENIUS‑Compliant, Federally Regulated Stablecoin.”

Why This Launch Matters
  1. On‑chain money with bank‑grade guardrails. Anchorage issues USDtb under a U.S. national trust bank charter, bringing stablecoins into the federal supervisory perimeter.
  2. Treasury‑backed design. Reserve assets are short‑duration, tokenized U.S. Treasuries—aimed at institutional risk standards. Reference: USDtb overview, structural design.
  3. Programmable settlement. Ethena and Securitize enabled 24/7 atomic swaps between USDtb and BlackRock’s tokenized fund units, improving liquidity primitives for institutions.
Anchorage Digital: From First to Proven

Founded in 2017 by Diogo Mónica and Nathan McCauley, Anchorage built a platform for institutional custody, settlement, staking, and governance. In January 2021, the OCC conditionally approved Anchorage’s conversion to a national trust bank—an industry first for a crypto‑native company.

In April 2022, the OCC issued a consent order addressing AML/BSA deficiencies. After substantial remediation, the OCC terminated the order in August 2025, a milestone Anchorage summarized here: “From First to Proven.”

Anchorage has also partnered with traditional finance leaders. Notably, in March 2021, Visa’s USDC settlement pilot ran with Anchorage as settlement agent, corroborated by Reuters reporting.

For Institutions Evaluating USDtb
SBLOCK can help. We advise on tokenized‑treasury integrations, stablecoin treasury ops, and compliant on‑chain settlement. Get in touch to scope an institutional pilot.
Founder Profiles

Diogo Mónica (Wikipedia) · Nathan McCauley (Anchorage bio) · Anchorage Digital (Wikipedia)

Top DAPPS

by Sean Lennon General
Exploring the Top DAPPs: Where to Find the Best Decentralized Applications

Decentralized applications (DAPPs) are revolutionizing the way we interact with technology, offering innovative solutions that are secure, transparent, and efficient. In this blog post, we will explore the best places to find DAPPs and showcase some of the most cutting-edge applications currently available in the market.

Where to Find the Best DAPPs

Finding the best DAPPs can be a daunting task, given the vast array of options available in the decentralized application space. Platforms like DAPP Radar and State of DAPPS provide comprehensive listings of top DAPPs, making it easier for users to discover and engage with these innovative applications.

Showcase of Innovative DAPPs

From decentralized finance platforms to gaming and social networking applications, the world of DAPPs offers a diverse range of solutions for various industries and use cases. Some notable examples include Uniswap, a decentralized exchange protocol, and Decentraland, a virtual reality platform powered by blockchain technology.

 

The Impact of the Federal Reserve’s Rate Cut on Stablecoins

by Sean Lennon Fintech

The recent rate cut by the Federal Reserve has sent ripples through the financial markets, with implications for various sectors including digital currency companies. Stablecoin issuers, in particular, are closely watching how this decision could impact their revenue and operations. In this article, we will delve into the effects of the rate cut on stablecoin issuers, specifically focusing on companies in the digital currency space like SBLOCK.

Understanding the Federal Reserve’s Rate Cut

The Federal Reserve’s decision to cut interest rates is aimed at stimulating economic growth and inflation. Lowering interest rates can encourage borrowing and spending, which in turn can boost economic activity. However, for stablecoin issuers, the rate cut can have mixed implications.

How the Rate Cut Could Impact Stablecoin Revenue

Stablecoins are pegged to a stable asset like the US dollar, aiming to minimize price volatility. The revenue for stablecoin issuers comes from the interest earned on the reserves backing the stablecoin. With the Federal Reserve cutting interest rates, the yield on these reserves could decrease, potentially impacting the revenue stream for stablecoin issuers.

For companies in the digital currency space like SBLOCK, this could mean a reevaluation of their business models and revenue projections. Understanding the impact of the rate cut on stablecoin revenue is crucial for navigating the evolving financial landscape.

SBLOCK’s Response to the Rate Cut

As a financial technology company that closely follows developments in the digital currency space, SBLOCK is proactively monitoring the effects of the rate cut on stablecoin revenue. By staying informed and adaptable, SBLOCK aims to mitigate any potential challenges posed by the changing economic environment.