Anchorage Digital Aims to Pay 'Rewards' on Ethena's Tokens Under GENIUS Act

Federally chartered crypto bank Anchorage Digital is set to launch a rewards program for holders of USDtb and USDe tokens, without directly offering yield in a way that would violate the U.S. stablecoin laws. Institutions can now hold either token on Anchorage’s platform and receive rewards on idle holdings without staking or locking up their assets, the firm said in a press release shared with CoinDesk. The rewards are paid through Anchorage Digital Neo Ltd., a separate entity from Anchorage Digital Ban ...