Altcoin

Arthur Hayes-Stunned Altcoin surpasses the crypto market in the midst of the launch of a new partnership with Anchorage Digital

Published

3 months ago

July 26, 2025

The indigenous belongings of the Stablecoin-oriented crypto mission Ethena (ENA) elevated by greater than 28% on Friday and ignored a broader crypto-market lecture.

The value improve was materialized after the Arthur Hayes -Stunder Decentralized Finance (Defi) mission announced A brand new strategic partnership with Anchorage Digital, a federally chartered crypto financial institution.

The partnership is meant to convey the second Stablecoin supply from Ethena, USDTB, to the US beneath the regulatory umbrella of the not too long ago established Genius Act, the place Anchorage Digital points the Activum in its personal nation.

The brand new legislation, signed by US President Donald Trump final week, establishes a regulatory framework for Stablecoins, cryptocurrencies linked to the US greenback. The laws requires that every token is absolutely supported by liquid belongings akin to money or short-term American treasury.

USDTB is supported by Tokenized Treasury funds of institutional high quality, together with BlackRock’s Buidl, a tokenized money-market fund designed to supply a secure worth of $ 1 per token. The BlackRock fund was constructed on the Ethereum (ETH) Blockchain.

Says Man Younger, CEO of Ethena Labs,

“Though we’ve already seen a robust demand for USDTB, we anticipate that genius compliance will allow our companions and holders to increase their use over new merchandise and platforms stuffed with confidence. By collaborating with Anchorage Digital – the one federally regulated Crypto -Financial institution in the US – we should reinforce the product.”

The indigenous energetic of Ethena, ENA, acts at $ 0.607 on the time of writing and has risen by greater than 56% for the previous seven days.

READ Reducing Risk and Enhancing Liquidity in Crypto Markets

For comparability: the whole crypto market capitalization has fallen by greater than 4% within the final 24 hours.

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