Anchorage Digital, Ethena Labs Partner to Issue U.S.-Compliant Stablecoin
Anchorage Digital, the nation’s only federally chartered crypto bank, announced Thursday it will issue the USDtb stablecoin in the United States through a partnership with Ethena Labs. The move positions Anchorage Digital Bank as a leading issuer of stablecoins compliant with the recently enacted GENIUS Act, a federal law regulating stablecoin issuance. The USDtb token, previously issued offshore, will now be launched on Anchorage Digital’s stablecoin issuance platform — a system designed to help institutions release and distribute regulated digital dollars. The partnership aims to integrate USDtb into the U.S. financial system, offering institutional investors a regulated way to access digital dollars. “This collaboration enables federally regulated institutions like Anchorage Digital Bank to fully participate in the stablecoin ecosystem,” Anchorage Digital CEO Nathan McCauley said in a statement. “It’s essential that stablecoins are built on secure and compliant infrastructure.” GENIUS Act Offers New Regulatory Clarity The GENIUS Act, passed earlier this year, provides a federal framework to oversee the issuance and operation of stablecoins in the United States. Under this new law, USDtb becomes the first stablecoin to follow a clear pathway to full compliance. Anchorage Digital, based in San Francisco, said its platform would allow institutions to issue digital dollars that align with federal standards. Ethena Labs, creator of USDe and USDtb, has focused on developing products that meet evolving regulatory expectations. “While we’ve already seen strong demand for USDtb, GENIUS compliance will help expand its use across new platforms and products,” Ethena Labs CEO Guy Young said. “Partnering with Anchorage Digital reinforces our foundation for scaling without sacrificing trust or flexibility.” The move highlights a broader trend of crypto companies seeking to align products with federal regulations as stablecoins increasingly support real-time payments, cross-border transactions and emerging fintech infrastructure. Growing Role of Stablecoins in Finance Stablecoins, digital tokens pegged to fiat currencies such as the U.S. dollar, have become central to digital asset markets and financial innovation. Their uses range from reducing payment settlement times to providing liquidity in decentralized markets. By launching USDtb under a federally regulated framework, Anchorage Digital Bank aims to offer institutions a compliant and programmable form of digital cash. The approach could ease integration with traditional banks, payment systems and other regulated financial entities. Anchorage Digital said it plans to continue working with other institutions to support the safe and regulated expansion of stablecoins in the U.S. market. The company emphasized that regulatory clarity under the GENIUS Act makes it possible for federally chartered banks to participate directly in stablecoin issuance — potentially reshaping how digital dollars are created and used. The partnership between Anchorage Digital and Ethena Labs underscores the growing push to combine blockchain innovation with federal compliance as stablecoins move deeper into mainstream finance.
Nature’s Miracle to Establish $20 Million Corporate XRP Treasury Program
Nature’s Miracle Holding Inc., a vertical farming technology company based in Ontario, California, announced on July 23, 2025, that it is launching a corporate treasury program that could see up to $20 million invested in the cryptocurrency XRP. The move, disclosed by the company in a statement, positions Nature’s Miracle among the first publicly traded firms to hold XRP — currently the world’s third-largest cryptocurrency by market capitalization — as part of its core treasury strategy. The company plans to use proceeds from an equity financing agreement with GHS Investments, enabled by a recently effective registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission, to fund the initial purchases. Part of Broader Strategy to Use Digital Assets Nature’s Miracle said the treasury initiative would involve acquiring XRP tokens as long-term reserves, participating in staking to earn potential yields, and exploring opportunities within the Ripple ecosystem, which facilitates cross-border transactions. James Li, CEO of Nature’s Miracle, linked the decision to broader regulatory developments, citing President Donald Trump’s signing of the GENIUS Act on July 18, 2025, which encourages institutional adoption of digital assets. “We see the huge potential of XRP as it improves the speed and reduces the cost of cross-border payments,” Li said in a statement, noting that established financial institutions including Banco Santander and American Express are already involved with XRP. The company noted that additional acquisitions of XRP could come from future equity issuances, strategic placements, and structured financing instruments, depending on market conditions and capital needs. Early Corporate Adoption of XRP XRP, created by Ripple Labs, is often used by financial firms to facilitate international money transfers due to its transaction speed and relatively low fees. While large firms have begun to test or use blockchain technology, it remains uncommon for publicly traded companies to hold XRP directly on their balance sheets. Nature’s Miracle, which specializes in indoor farming systems and related technologies, emphasized that its XRP holdings would complement its operational plans and working capital needs. The equity financing from GHS Investments provides the company flexibility to sell securities under the effective S-1 registration and redirect some proceeds toward its digital asset strategy. The company did not specify a timeline for completing its XRP purchases but said it intends to proceed as funds become available from equity sales. Nature’s Miracle’s shares trade over the counter under the ticker NMHI. Further details about the treasury program or potential future cryptocurrency initiatives were not disclosed.