Summary
- Anchorage Digital announced plans to compensate holders of the Etena (ENA) stablecoin.
- It said the compensation will be provided to USDtb, USDe holders in a yield-like structure instead of interest in order to comply with the GENIUS Act.
- It said the move is interpreted as an effort to build a compliance model within the formal regulatory framework amid tightening stablecoin regulation.
Cryptocurrency custodian Anchorage Digital said it plans to compensate holders of the Etena (ENA) stablecoin.
On the 25th (local time), according to crypto-focused media CoinDesk, Anchorage will provide compensation to USDtb and USDe holders in accordance with the U.S. GENIUS Act. The GENIUS Act prohibits interest payments on stablecoins, but Anchorage said it plans to apply a compensation structure similar to yield instead of interest to comply with the regulation.
Anchorage said, 'We have put in place a measure to protect token holders' economic interests within the scope of the rules.'
The move is interpreted as an effort to build a compliance model within the formal regulatory framework amid tightening regulations on stablecoin issuance and holding.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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