Anchorage Digital Launches Regulatory-Compliant Rewards Program for USDtb and USDe Stablecoins

Anchorage Digital Bank, a federally chartered financial institution, has announced it will soon offer rewards on specific stablecoin offerings, namely USDtb and USDe, marking a significant step in compliant digital asset services. The rewards are designed to provide yield-like benefits without violating U.S. stablecoin laws under the GENIUS Act, by deriving returns from underlying holdings such as Treasury bills rather than direct interest payments.

USDtb is a stablecoin issued directly by Anchorage, while USDe is a synthetic dollar created by Ethena Labs, which maintains its peg using a delta-neutral strategy involving assets like Bitcoin or Ether and short positions in futures. Nathan McCauley, CEO and co-founder of Anchorage Digital, highlighted the importance of this initiative: "The launch of America’s first federally regulated stablecoin was a major milestone in building a trusted foundation. Now, with USDtb minting, redemptions, and stablecoin rewards available through Anchorage Digital, we’re accelerating the adoption of safe and trusted stablecoins at global scale."

The program is managed by Anchorage Digital Neo, Ltd., a Cayman-based subsidiary, and is initially targeted at institutional and accredited investors, with potential for future retail expansion. Guy Young, Founder of Ethena Labs, added, "We are proving that stablecoins can deliver both rewards and regulatory integrity, a powerful combination that will define the next era of participation in digital assets." This approach demonstrates how institutions can innovate within legal frameworks, setting a precedent for the industry.