The Decentralized Finance Platform (DEFI) Ethena is ready to bring its stable of $ 1.5 billion to the US market, associating with Crypto Bank Anchorage Digital to issue the Token under the new laws of Stablecoin.
As part of the association that companies announced on Wednesday, the anchor of Crypto Bank regulated by the federal government will issue the USDTB token directly in the United States under the standards of compliance with the genius law.
That is a departure from the current token broadcast model on the high seas, a movement that aims to create a route for institutions to maintain and use the token within the regulated financial channels.
“While we have already seen a strong demand for USDTB, we expect the fulfillment of the genius to empower our partners and headlines to expand with confidence and significantly its use in new products and platforms,” said Ethena co -founder and CEO of the Ethena Labs Labs Labs Labs Labs Labs Labs Labs Development Guy Young in a statement.
The Ethena ENA (ENA) governance token has increased 9% in the last 24 hours, exceeding the broader cryptocurrency market that saw many Altcoins submerged from 5% -10% during the night. The COENDESK 20 market reference index decreased 1.3% during the same period.
The measure occurs after President Trump signed the Genius law last week, an emblematic cryptographic legislation that establishes the guidelines for Stablecoins and emitters to operate in the country. Stablecoins are a class of cryptocurrencies of $ 250 billion and in rapid growth with their prices anchored to an external asset, predominantly to fiduciary currencies such as the US dollar. Tether, issuer of the largest USDT of Stablecoin, also announced plans to enter the US market under the new law.
USDTB, introduced in December, aims to maintain a stable price of $ 1 and is predominantly backed by the Buidl tokenized money market, issued by Blackrock and Securitize. The Token currently has a supply of $ 1.45 billion in the Ethereum block chain, according to the RWA.XYZ data. Ethena also issues the “digital dollar” of the USDE, a file that generates a yield by shortening the financing rates of the Bitcoin, ether and sun harvest.
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