- Ethena Labs announced a milestone with the U.S.-compliant USDtb stablecoin.
- Partnership with Anchorage Digital, the first federally chartered U.S. crypto bank.
- Arthur Hayes invested over $1 million in ENA tokens, boosting confidence.
- ENA’s trading volume surged 61.5% following the announcement.
- The creation of StablecoinX Inc. and planned Nasdaq listing.
- Histories of buyback strategies drive token value increase.
- Plans for a $5 million daily ENA purchase indicate strong DeFi token management.
Ethena (ENA) surged over 22% as it launched its U.S.-compliant stablecoin, USDtb, with Anchorage Digital and gained investment from Arthur Hayes, on July 24, 2025.
This development signifies stronger U.S. regulatory compliance and investor confidence, boosting ENA’s market value and trading volume significantly.
Ethena Labs Announcement
Ethena Labs announced a significant milestone with the U.S.-compliant stablecoin USDtb. The announcement led to a 22% increase in ENA’s value, bolstered by a substantial investment from Arthur Hayes.
Strategic Partnership
The partnership with Anchorage Digital signifies a strategic move within the cryptocurrency market. It’s crucial because Anchorage is the first federally chartered U.S. crypto bank.
Investment from Arthur Hayes
Arthur Hayes, a prominent figure in the crypto space, confirmed an investment exceeding $1 million in ENA tokens. This action is seen as a vote of confidence in Ethena’s stablecoin project.
“The collaboration between Ethena Labs and Anchorage aims to ensure USDtb’s U.S. compliance. This is expected to facilitate institutional adoption and enhance regulatory confidence,” Ethena Labs stated.
Market Reaction
Market reactions were swift, with ENA’s trading volume surging 61.5% within 24 hours. Investors responded positively, seeing potential in Ethena’s strategy.
Further Institutional Engagement
The creation of StablecoinX Inc. and its planned Nasdaq listing indicate further institutional engagement. This move provides additional financial insights into the project’s growth trajectory.
Broader Implications
The broader implications involve heightened interest in stablecoins, especially those with regulatory backing. Ethena’s total value locked (TVL) surged, suggesting institutional investment.
DeFi Token Management
Historically, similar buyback strategies have driven up token value. Ethena’s approach, particularly its planned $5 million daily ENA purchase, represents an unprecedented move in DeFi token management.
