🤑 Ethena Labs & Anchorage: A Match Made in Crypto Custody Heaven! 🏦

Darling Highlights, If You Must Know 💎

  • Ethena Labs, my dear, has graciously welcomed Anchorage Digital Bank as the latest custodian for its USDe synthetic dollar. How utterly chic! 🥂
  • This partnership, darlings, involves a federally chartered U.S. bank, reducing counterparty risk and adding a touch of regulatory flair to the custodial network. How very sensible! 👏
  • Anchorage, the darling of crypto custody, will offer 24/7 redemption workflows and monthly public attestations starting in January 2026. Mark your calendars, sweethearts! 📅

My dears, Ethena Labs announced on Wednesday (how midweek of them!) that it has embraced Anchorage Digital Bank as the custodian for the assets backing its synthetic dollar token, USDe. With the inclusion of America’s first federally chartered crypto bank, Ethena aims to elevate the safety of its protocol. How utterly daring! 🚀

According to the official release (which I’m sure was written with the utmost panache), this integration provides users with a regulated environment to store their assets. All confirmed, of course, after the risk committee’s approval. How very thorough! ✔️

We are positively thrilled to announce that @Anchorage is now one of the custodians supporting the backing assets of USDe.

Anchorage Digital Bank, darling, is America’s first federally chartered crypto-native bank and operates with the strictest regulatory requirements. How très professional! 🎩

– Ethena Labs (@ethena_labs) December 24, 2025

Expanding the Custodial Network, Darling

The addition of Anchorage Digital Bank diversifies Ethena’s custodial services, which previously included Copper and Ceffu. The protocol, my loves, relies on institutional-quality custody to secure the collateral backing USDe. This ensures assets aren’t held at centralized exchanges, minimizing risk. How clever! 🧠

Anchorage, being under the watchful eye of the Office of the Comptroller of the Currency, offers a unique regulatory flexibility. How very reassuring for the risk-averse! 🤓

Operational Integration and 24/7 Redemptions, Of Course

This integration, darlings, will streamline the day-to-day operations of the protocol. Anchorage’s services will be seamlessly integrated into the USDe Mint & Redeem smart contract’s replenishment flows. Authorized parties can redeem USDe for stablecoins 24/7, year-round. How convenient! ⏰

Transparency updates will also get a facelift. Starting January 2026, Anchorage will provide signed custodian attestations on a monthly basis. How delightfully regular! 📊

Mitigating Risk and Bridging DeFi with Regulation, Naturally

This approach, my dears, spreads the assets across multiple institutions, mitigating risks associated with a potential collapse of any single custodian. How very prudent! 🛡️

Ethena continues its noble effort to bridge the gap between decentralized finance and traditional regulatory requirements, ensuring risk-averse capital flows into the USDe ecosystem. How progressive! 🌉

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2025-12-25 00:21