Crypto News Today: Anchorage Debuts USDtb, Binance Adds USYC, BlackRock Breaks ETF Record

Overview:

• Anchorage Digital's Stablecoin Platform launches a US-approved stablecoin issuance platform with Ethena, expanding compliant onshore stablecoin products.

• iShares Ethereum ETF (ETHA) surpasses $10 billion in assets under management, a record achievement.

• Binance's USYC Integration adds Circle's yield-bearing stablecoin, USYC, to enhance institutional services and capital efficiency

Today, a wave of institutional activity marked headlines in the cryptocurrency market, indicating a shift toward regulated digital asset products. Anchorage Digital has launched a US-approved stablecoin issuance platform, Binance has increased institutional access to yield-generating stablecoins, and the BlackRock Ethereum ETF has reached an all-time high. 

These announcements were made following the introduction of the GENIUS Act, which established clear regulatory guidelines for stablecoins, resulting in an accelerated adoption of stablecoins by traditional financial institutions. Let’s take a look at our crypto news today segment. 

Anchorage Digital Taps Ethena for Stablecoin Platform Launch

Anchorage Digital launched a new stablecoin issuance platform on Thursday, positioning itself to support compliant onshore stablecoin products. The company confirmed its partnership with Ethena, the issuer of the synthetic USDtb token, as its first client. Previously issued offshore, USDtb will now be available within the United States under the regulatory framework set by the recently passed GENIUS Act.

GENIUS stablecoin legislation, which President Donald Trump signed into law, clarifies the regulatory framework for digital fiat tokens. With this legal shift, Anchorage can now issue USDtb within its domestic jurisdiction and comply with US financial standards. Anchorage aims to provide a completely regulated environment for the implementation of stablecoins, addressing the needs of traditional financial institutions.

 The action is part of a wider response by financial companies to the GENIUS Act. Clear Junction CFO Teresa Cameron noted that the law allows institutions to investigate stablecoin infrastructure as an alternative to traditional payment rails. She highlighted how stablecoins ensure real-time settlement and 24/7 availability, which legacy systems such as SWIFT lack.

Also Read: Bitcoin Price at $118,759 Signals Calm Before the Surge

Binance Expands Institutional Services with USYC Integration

Binance has launched the Circle yield-bearing stablecoin, USYC, in its stablecoin offering as a new off-exchange collateral type for institutional clients. This tokenized money market fund gives users a tool to store yield-generating tokens and trade derivatives on the platform. The stablecoin will also be natively issued on the BNB Chain.

The collaboration builds on Binance’s existing strategic partnership with Circle. USYC was added to Circle’s portfolio following its acquisition of Hashnote, a tokenization firm backed by Cumberland Labs. With over $686 million in tokenized assets, USYC includes U.S. government securities and offers “near-instant fungibility” with USDC.

According to Catherine Chen, Head of Binance VIP & Institutional, the upgrade assists in capital efficiency and increases access to tokenized cash solutions. In the collaboration, Binance's efforts to streamline the usage of collateral and enhance its infrastructure in support of institutional players are notable. This is also in line with other industry trends in terms of Real World Asset (RWA) tokenization and blockchain-based treasury products.

BlackRock Ethereum ETF Surpasses $10 Billion in Record Tim

BlackRock’s iShares Ethereum ETF (ETHA) crossed $10 billion in assets under management just 251 days after its launch. The ETF became the third-fastest fund in history to reach this threshold, according to Bloomberg analyst Eric Balchunas. The rapid growth followed a sharp increase in Ether ETF inflows in July.

The milestone puts ETHA alongside BlackRock’s Bitcoin ETF, IBIT, which reached $10 billion in only 34 days. Fidelity’s FBTC followed closely with a 54-day timeline. The surge in ETHA assets occurred during a 14-day inflow streak, totaling $4.4 billion in capital, including a $726.7 million single-day inflow — its highest ever.

According to data from SoSoValue, Ether ETFs have recently outperformed their Bitcoin counterparts in terms of net inflows. Meanwhile, Bitcoin ETFs posted $289 million in outflows over three days ending July 23. The contrasting flows suggest a shift in institutional focus toward Ethereum-based products.