Ethena to Introduce $1.5 Billion USDTb Stablecoin in the US with Anchorage Digital

Ethena, a burgeoning cryptocurrency firm, is preparing to launch a new US dollar-backed stablecoin named USDTb in the American market. The company intends to roll out this stablecoin in collaboration with Anchorage Digital, a specialist in digital asset custody services. The initial issue of USDTb is anticipated to reach approximately $1.5 billion, indicating Ethena’s ambition to become a key player in the stablecoin arena. Analysts believe this move could bolster the adoption of stablecoins in the United States and provide a reliable alternative to traditional currencies. Anchorage Digital will function as the custodian of the assets backing the USDTb stablecoin, ensuring asset security and transparency. Through this partnership, Ethena aims to deliver a safe and efficient stablecoin for users and institutions within the United States.