Anchorage Digital Bank National Association is a federally chartered U.S. national trust bank regulated by the Office of the Comptroller of the Currency. USDtb was initially launched by Ethena-related entities in 2024, and Anchorage Digital Bank became the sole issuer and reserve manager in October 2025.
| Product | Backing | Status | Market cap |
|---|---|---|---|
| USDTBUSDtb | Rwa Backed | Active | $483M |
| Legal name | Anchorage Digital Bank National Association |
| Founded | 2017 |
| Stage | Private |
| CEO | Nathan McCauley |
| Founders | Diogo Mónica, Nathan McCauley |
| Funding rounds | Round Series D · Amount $350M · Year 2021 · Investors: KKR |
| Regulatory status | Jurisdiction United States · License type National trust bank charter · Status Licensed · Issued 2021Jurisdiction United States · License type OCC conditional approval for national trust bank charter · Status Licensed · Issued 2021 |
| Website | https://usdtb.money/ |
## Overview Anchorage Digital Bank National Association is a federally chartered U.S. national trust bank regulated by the Office of the Comptroller of the Currency. USDtb was initially launched by Ethena-related entities in 2024, and Anchorage Digital Bank became the sole issuer and reserve manager in October 2025. ## Products Stablecoins issued by this entity: USDTB.